EFCC Detains Ex-Skye Bank Chairman Tunde Ayeni in ₦36.5bn, $30m Fraud Probe

The EFCC has arrested former Skye Bank Plc chairman Tunde Ayeni in Abuja over alleged diversion of ₦36.5 billion and $30 million in loans from Polaris Bank. Investigators say funds meant for marine security, electricity distribution and estate development were redirected to other accounts and used to acquire telecom assets linked to former NITEL/MTEL through a NATCOM account. The anti-graft agency is examining about 12 companies tied to Ayeni. He remains in custody as the probe continues and is expected to be arraigned once investigations are complete.

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