Alleged money laundering: Court remands ex-Skye Bank chairman Tunde Ayeni
The court ordered custody after the EFCC filed 17 money laundering counts involving about N8 billion, and the defence sought bail.
- On Monday, the Federal Capital Territory High Court in Abuja remanded former Skye Bank Chairman Tunde Ayeni to the Kuje correctional facility, pending a bail hearing on May 13.
- The Economic and Financial Crimes Commission charged Ayeni with 17 counts of criminal breach of trust involving about N8 billion, alleging he authorized illegal transfers from a Polaris Bank suspense account between 2014 and 2016.
- Defense counsel Ahmed Raji, a Senior Advocate, requested Ayeni's release citing his client's 35-year legal career, but Justice Jude Onwuegbuzie declined and ordered remand instead.
- This arrest follows previous corruption cases, including a 2018 arraignment alongside Skye Bank Managing Director Timothy Oguntayo, which ended in 2022 when the EFCC withdrew charges following a settlement.
- Anti-Corruption advocates, including the Civil Society Legislative Advocacy Centre , have criticized plea bargains in such cases, with Executive Director Auwal Musa arguing settlements may weaken corruption deterrence.
21 Articles
21 Articles
₦15.6bn Fraud: Court Sends Former Skye Bank Plc Boss Tunde Ayeni to Kuje Prison — Akelicious
A Federal Capital Territory High Court in Apo, Abuja, on Monday remanded a former chairman of the defunct Skye Bank Plc, Tunde Ayeni, in the Kuje Correctional Centre over alleged N15.6bn fraud. Ayeni was arraigned by the Economic and Financial Crimes Commission before Justice Jude Onwuzuruike on 17 charges bordering on criminal breach of trust, misappropriation, and conversion of investors’ funds amounting to N15,665,085,429. A statement by the …
Tunde Ayeni remanded in Prison over $11.3 million fraud
A Federal Capital Territory High Court in Abuja remanded former Skye Bank chairman Tunde Ayeni at the Kuje Correctional Centre on Monday after the Economic and Financial Crimes Commission arraigned him on a 17-count charge bordering on criminal breach of trust, misappropriation and conversion of investors' funds amounting to N15,665,085,429.Ayeni appeared before Justice Jude Onwuzuruike at the court sitting in Apo, Abuja. The EFCC's prosecution …
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