Former Skye Bank chairman Tunde Ayeni has been re-arraigned before an FCT High Court on a 17-count charge of alleged N15.6bn fraud brought by the EFCC, with the defendant pleading not guilty.
Former Skye Bank chairman Tunde Ayeni is back in the dock.
The Economic and Financial Crimes Commission has re-arraigned Ayeni before the Federal Capital Territory High Court on a 17-count charge bordering on criminal breach of trust, misappropriation, and conversion of investors’ funds, PM News.
The anti-graft agency alleges that over N15.6bn was diverted during his tenure as board chairman of the now-defunct bank. Ayeni pleaded not guilty to all charges.
The court adjourned for further hearing as trial proceedings continue. The EFCC says the case forms part of its broader push to recover misappropriated funds across Nigeria’s financial sector.
It is not Ayeni’s first time before the courts on similar allegations but this re-arraignment signals the commission is pressing ahead.
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