Ex-Skye Bank Chair, Ayeni Now In EFCC Custody, Arrested Over ‘N360bn, $30m Misappropriation’

By Rotela Oguns

The Economic and Financial Crimes Commission, EFCC, has arrested businessman and former chairman of the defunct Skye Bank Plc, Tunde Ayeni, over an alleged multi-billion naira fraud.

Ayeni is said to have been picked up in Abuja on Thursday and is currently in EFCC Custody as the agency continues its investigation into his matter.

The EFCC is investigating the alleged diversion and misappropriation of funds estimated at N36.5 billion and $30 million.

According to reports, the amount in question is said to have been obtained from Polaris Bank Plc through companies linked to him.

It was gathered that the funds, secured as loans for specific projects, were diverted to other accounts and used for other purposes.

Ayeni is expected to be arraigned upon the conclusion of investigations.