Former Chairman of the Board of Directors of the defunct Skye Bank Plc (now Polaris Bank), Tunde Ayeni, has been re-arraigned by the Economic and Financial Crimes Commission (Economic and Financial Crimes Commission) over alleged ₦15.6 billion fraud.
He appeared before the Federal Capital Territory High Court in Apo, Abuja, on amended 18-count charges bordering on alleged criminal breach of trust, misappropriation, and diversion of funds.
According to the EFCC, the allegations involve the alleged movement of funds from Skye Bank’s suspense accounts between 2014 and 2015, in violation of internal banking procedures.
The defendant pleaded not guilty to all charges when they were read in court. The case follows additional proof of evidence filed by the prosecution.
Justice Jude Onwuegbuzie adjourned the matter to July 6, 2026, for commencement of trial.
