Headlines
N15.6bn fraud case: EFCC re-arraigns former Skye Bank Chairman, Ayeni
The Economic and Financial Crimes Commission, EFCC, has re-arraigned a former Chairman of the Board of Directors of defunct Skye Bank Plc, now Polaris Bank Limited, Tunde Ayeni, over an alleged N15.6 billion fraud.
The development was disclosed during proceedings before Justice Jude Onwuegbuzie of the Federal Capital Territory High Court, Apo, Abuja on June 22, 2026.
According to the anti-graft agency, Ayeni was re-arraigned on an amended 18-count charge bordering on alleged criminal breach of trust, misappropriation and diversion of funds amounting to N15.6 billion following the filing of additional proof of evidence.
At the resumed proceedings, prosecution counsel, Abba Mohammed, SAN, informed the court that the amended charge and supplementary proof of evidence had been filed on June 22, 2026.
Responding, defence counsel, Abdul Mohammed, SAN, confirmed that the amended charge had been served on the defence.
In one of the charges, the EFCC alleged that Ayeni, while serving as Chairman of the Board of Directors of the defunct Skye Bank Plc, dishonestly transferred N510 million from the bank’s suspense account to an account belonging to Capital Field Investment Group Limited in September 2014.
The EFCC alleged that the transfer violated the bank’s operational policy manual and formed part of the criminal breach of trust charges before the court.
The EFCC also accused Ayeni of allegedly transferring N600 million from the same suspense account to Harigold Ventures Limited in September 2014, describing the transaction as another act of criminal breach of trust.
“That you Tunde Ayeni, whilst being the Chairman, Board of Directors of the defunct Skye Bank Plc (now Polaris Bank Limited), committed criminal breach of trust when you dishonestly misappropriated the sum of Five Hundred and Ten Million Naira (N510,000,000),” part of the charge read.
The former bank chairman pleaded not guilty to all the charges when they were read before the court.
Ayeni was initially arraigned by the EFCC on May 4, 2026, on a 17-count charge before the amendment that increased the counts to 18.
Following his plea, Justice Onwuegbuzie adjourned the matter until July 6, 2026, for the commencement of trial.
“Any Algorithm Can Calculate, But It Cannot Care” — NMCN Registrar Warns Nurses Against Overreliance On AI
“I Didn’t Go To Court, I’m Not In APC” — Wike Denies Influencing Judgment Against Uzodimma, Explains Old Video With Okorocha
RE: RESPONSE TO MISLEADING PUBLICATION ON THE PRESIDENTIAL AMNESTY PROGRAMME (PAP)
‘He’s closest to Lionel Messi’ – Rashford names player to win more Ballons d’Or than Cristiano Ronaldo
Power Outage: Tegbe assures Nigerians of swift restoration as electricity disruptions hit Lagos, Abuja
2027: ‘Peter Obi’s Logic Is Short-Term Turnover Unlike Tinubu Who Thinks Of Next Generation’ – Oshiomhole
“Not To Own It, But To Give It Another Chance At Life” — Foreigner Rescues Sea Turtle From Lagos Sellers As NESREA Faces Enforcement Questions
‘Politics is expensive everywhere’ – Wike replies critics over high billboard cost in Abuja
Jesus de Miguel’s death: ‘He’d never intentionally hurt anyone’ – Owono’s team-mate defends goalkeeper
Investigate hijab controversy in Nigerian law schools immediately- MURIC to Council of Legal Education
‘Where’s N15.8 trillion saved from fuel removal, $100 billion you borrowed’ – Peter Obi asks Tinubu
‘Where’s N15.8 trillion saved from fuel removal, $100 billion you borrowed’ – Peter Obi asks Tinubu
Buhari told me not to campaign, promised me APC presidential ticket in 2022 – Amaechi
Delta CDHR, police arrest man over alleged serial defilement of 10-year-old daughter
FLAMINGOS CAPTAIN CHIDI VOWS TO MAKE NIGERIA PROUD IN U-17 WORLD CUP FINAL
Obi Challenges Tinubu To Account For $100bn Loans, ₦15.8trn Fuel Subsidy Savings
Police rescue 17 children from drug abuse, arrest two suppliers in Bauchi
Nigerian Navy inaugurates solar powered borehole in Anambra
Billionaire Taiwo Afolabi Hosts Lavish Wedding Reception For Son, Takes Over Lagos
Mohammed Daggo promotes plant-based products as part of everyday wellness routines
Politics7 days agoOver 200 Boko Haram Terrorists Are Moving To Attack Military Camp In Buni Yadi As Rockets Target Troops; IED Threat Raises Travel Concerns
- Metro7 days ago
“The Election Must Hold As Scheduled” — INEC Chairman Rules Out Postponement Of 2027 General Elections
- Metro6 days ago
“Publishing His Name Is Subject To The Final Outcome Of A Court Order” — INEC Leaves Gwarzo Off Updated Kano Governorship List
- Metro7 days ago
“Ebola Outbreak Is Not Yet Under Control” — Africa CDC Warns As Confirmed Cases Exceed 10,200, Death Toll Surpasses 5,000
- Metro7 days ago
“Death Benefits Will Be Fully Paid To Next Of Kin” — NAF Pledges Continued Salaries For Personnel Killed In October 5 Aircraft Crash
- Metro7 days ago
“Sowore’s Whereabouts Remain Unknown” — Armed Men Allegedly Abduct AAC Presidential Candidate In Ado-Ekiti, Damage Vehicles And Restaurant
- Metro6 days ago
“They Beat Me Like A Criminal” — Sowore Recounts Ekiti Attack As Govt Denies Involvement, Calls For Police Investigation
- Metro6 days ago
“21 Exotic Vehicles Affected, No Life Lost” — LASEMA Confirms Lagos Mechanic Workshop Fire, Averts Disaster At Nearby Filling Station
