EFCC Re-arraigns Former Skye Bank Chairman Ayeni on N15.6 Billion Fraud Charges

Justice Jude Onwuegbuzie of the FCT High Court in Apo on Thursday re-arraigned Tunde Ayeni. He faces an amended 18-count charge by the EFCC for alleged breach of trust, misappropriation and diversion of N15.6 billion. This marks Ayeni’s third court appearance after previous pleas in May and June 2026. The EFCC alleges that Ayeni dishonestly transferred over N3 billion of depositors’ funds to Misa Limited’s Zenith Bank account in November 2014. It further accuses him of misappropriating more than N5 billion by directing funds to Greenwich Registrar’s Union Bank account in December that year. The agency says these acts breached his contract with the defunct Skye Bank Plc, now Polaris Bank, and violated sections 311 and 312 of the Penal Code. During Thursday’s session, prosecution counsel Abba Muhammed, SAN, confirmed readiness to call the first witness, while defence counsel Olalekan Ojo, SAN, argued that witness statement summaries were not filed in time. The court found that the prosecution complied with filing requirements and adjourned the trial to July 20, 22 and 23, 2026, for continuation.

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