/ Jun 29, 2026
/ Jun 29, 2026

EFCC drags former Skye bank chair back to court over N15.6bn fraud allegations

Published on

By

The Economic and Financial Crimes Commission (EFCC) has re-arraigned Tunde Ayeni, former chairman of the defunct Skye Bank Plc board, over allegations of a N15.6 billion fraud.

 

Ayeni appeared on Monday before Justice Jude Onwuegbuzie of a Federal Capital Territory High Court in Apo, Abuja, facing an amended 18-count charge bordering on criminal breach of trust, misappropriation, and diversion of funds.

The anti-graft agency amended its initial 17-count charge after filing additional proof of evidence in the case.

During proceedings, EFCC counsel Abba Mohammed informed the court that the amended charge and supporting evidence were filed on June 22. Defence counsel Abdul Mohammed confirmed receipt of the documents.

One of the counts alleges that Ayeni, while serving as chairman of the board of Skye Bank in September 2014, allegedly transferred N510 million from a suspense account to Capital Field Investment Group Limited, in breach of the bank’s operational policies.

Another count accuses him of moving N600 million from the same account to Harigold Ventures Limited, domiciled with Sterling Bank.

The prosecution maintains that the funds were part of depositors’ money under his control at the time.

Ayeni pleaded not guilty to all 18 counts.

Justice Onwuegbuzie adjourned the matter until July 6 for commencement of trial.

The case continues as part of ongoing proceedings involving alleged financial misconduct within Nigeria’s banking sector.

You May Like

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Must Read

Osasere Okundaye, 16, recognised as Nigeria's youngest chartered accountant after achieving professional ICAN qualification.

16-Year-Old Osasere Okundaye becomes Nigeria’s youngest chartered accountant

A 16-year-old Nigerian student, Osasere Okundaye, has made history by becoming the youngest chartered accountant in Nigeria.   According to TheCable, the achievement was celebrated by the Minister of Youth Development, Ayodele Olawande, who described it as a reflection of hard work, discipline, resilience and an unwavering commitment to excellence. In a statement issued on Monday, Olawande said Okundaye’s success demonstrates the limitless potential of Nigerian youths and serves as an inspiration for young people across the country. > “Osasere has distinguished herself as a shining example of the limitless potential of Nigerian youth. Her accomplishment reminds us that with determination, dedication, and the right support, young Nigerians can break barriers, set new records, and inspire a generation to dream bigger and strive for excellence,” the minister said. He also congratulated her parents, family, teachers, mentors and everyone who contributed to her academic journey, acknowledging their encouragement and sacrifices. The minister added that the Federal Ministry of Youth Development remains committed to implementing policies and programmes that empower young Nigerians to achieve their full potential. Okundaye’s achievement comes a year after Temilola Blossom Arise, then an 18-year-old economics student at University of Ilorin, passed all five papers in the professional stage examination of the Institute of Chartered Accountants of Nigeria to qualify as a chartered accountant. TheCable reported that Okundaye’s milestone sets a new national record for the youngest person to attain chartered accountant status in Nigeria.
Read more

Editor's Pick

Trending News

Newsletter

Enter your email address and receive notifications of news by email.

You have been successfully Subscribed! Ops! Something went wrong, please try again.

© 2026 GongNews. All Rights Reserved.