Stella Dimoko EFCC Arraigns Ex-Skye Bank Chairman Tunde Ayeni Over Alleged N4.5bn Fraud


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Thursday, March 07, 2019

EFCC Arraigns Ex-Skye Bank Chairman Tunde Ayeni Over Alleged N4.5bn Fraud

Oh Dear!!!!

The Economic and Financial Crimes Commission (EFCC) on March 6, 2019, arraigned Tunde Ayeni, a former Chairman, Board of Directors, Skye Bank Plc, before Justice Valentine Ashi of a Federal Capital Territory, FCT High Court, Apo on a four-count charge, bordering on criminal breach of trust to the tune of N4,597,500,000.

Mr Ayeni was arraigned along with Timothy Oguntayo, for allegedly conspiring at different times to fraudulently divert depositors’ funds domiciled at Skye Bank Plc to personal use.

One of the counts reads: “That you, Tunde Ayeni, whilst being the Chairman, Board of Directors of the defunct Skye Bank Plc and Timothy Ajani Oguntayo, while being the Managing Director, MD of the defunct Skye Bank Plc on or about October 16, 2014 at Abuja within the jurisdiction of this Honourable Court, whilst being bankers entrusted with property, to wit: depositors’ funds in the defunct Skye Bank Plc’s Suspense Account, committed criminal breach of trust in respect of the sum of N1,000,000,000 (One Billion Naira) and thereby committed an offence contrary to and punishable under Section 315 of the Penal Code.”

They pleaded “not guilty” to the charges.

The trial judge, thereafter, admitted them to bail in the sum of N500 million with two sureties each in like sum, who must be resident in Abuja, and must own a landed property “of sufficient value”, within Abuja metropolis.

The matter was, thereafter, adjourned to May 14, 2019, for “commencement of trial.
From premium times

*The EFCC is yet to arraign those on the list of looters they said they compiled since last year.....We are still waiting oh.


  1. Hmmm...sad
    Talking of things people do in secret...

  2. Hmmm...sad
    Talking of things people do in secret...

  3. No one is calling this witch-hunting o. Except if it is their PDP thieves then they will stand for them.

    1. Well it’s witch-hunting because he donated N2bn to Jonathan’s election. He’s a PDP affiliate

  4. The face of another Nigerian public purse looter and thief. What a disgrace to his community and the world.

  5. Did you notice that they were not remanded in prison pending when they meet their bail conditions all because they’re are wealthy.

    Our justice system is flawed.

  6. Ayeni, must be Nigeria's Maddoff: the type of men who bury alive kids, families and countless innocent citizens due to their greed, selfishness and lack of vision. Yet, before now, same insane society held them up, as beacons of only goodness knows. #LockUpAYENI ##AyeniMustBeLockedUpNow


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