Nigeria: EFCC Re-Arraigns Ex-Skye Bank Board Chairman for Alleged N15.6bn Fraud
The amended charge follows additional proof of evidence and accuses the former Skye Bank chairman of transfers that allegedly breached bank policy.
- On Monday, the EFCC re-arraigned Tunde Ayeni, former Chairman of the defunct Skye Bank Plc , before the Federal Capital Territory High Court in Apo, Abuja, on an amended 18-count charge involving alleged N15.6 billion fraud.
- Prosecutors increased the initial 17-count charge filed on May 4, 2026, to 18 counts following submission of additional proof of evidence alleging criminal breach of trust, misappropriation, and diversion of funds.
- The EFCC alleges Ayeni dishonestly transferred N510 million to Capital Field Investment Group Limited and N600 million to Harigold Ventures Limited from the bank's suspense account in September 2014, violating operational policy.
- Defence counsel Abdul Mohammed, SAN, confirmed receipt of amended charges before Justice Jude Onwuegbuzie, who adjourned the trial until July 6, 2026, for commencement of proceedings.
- Section 311 of the Penal Code defines criminal breach of trust as dishonestly misappropriating entrusted property, punishable by 'imprisonment for a term which may extend to two years or with a fine or with both.
15 Articles
15 Articles
Alleged N15.6bn fraud: EFCC re-arraigns former Skye Bank chair Ayeni
The Economic and Financial Crimes Commission (EFCC) has re-arraigned a former Chairman of the Board of Directors of the defunct Skye Bank Plc, now Polaris Bank Limited, Tunde Ayeni, before the Federal Capital Territory High Court in Apo, Abuja, over an alleged N15.6 billion fraud.
EFCC re-arraigns ex-Skye Bank chairman Tunde Ayeni over alleged N15.6bn fraud
The Economic and Financial Crimes Commission (EFCC) has re-arraigned former chairman of the defunct Skye Bank Plc, Tunde Ayeni, before a Federal Capital Territory High Court in Abuja over allegations of fraud involving N15.6 billion. Ayeni was brought before Justice Jude Onwuegbuzie of the FCT High Court sitting in Apo on Monday, where he faced an amended 18-count charge bordering on criminal breach of trust, misappropriation, and diversion of f…
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