EFCC Arrests Ex-Skye Bank Chair Over Alleged N36bn, $30m Fraud
By Anne Osemekeh, Abuja
The Economic and Financial Crimes Commission (EFCC) has arrested a former Chairman of defunct Skye Bank Plc, Tunde Ayeni, over alleged money laundering, misappropriation, and diversion of funds.
A source within the commission told the News Agency of Nigeria (NAN) that Ayeni, a businessman, was arrested on Thursday in Abuja and is currently in EFCC custody.
According to the source, the former bank chairman is being investigated over alleged fraud amounting to ₦36.54 billion and $30 million, linked to loans obtained from Polaris Bank Plc through companies associated with him.
The funds, reportedly secured for specific investment purposes—including marine security, electricity distribution, and real estate development—were allegedly diverted to other entities and ultimately used for the acquisition of NITEL/MTEL assets through a NATCOM-linked account.
Investigations further revealed that no fewer than 12 companies connected to Ayeni are under EFCC scrutiny for their roles in obtaining and channeling the loans.
“The loans, which are depositors’ funds, were allegedly obtained under false pretences and diverted into unrelated ventures,” the source said, adding that Ayeni would be charged to court upon conclusion of investigations.
EFCC spokesperson, Dele Oyewale, confirmed the arrest but declined to provide additional details.
(NAN)
