The Economic and Financial Crimes Commission has arrested former chairman of the defunct Skye Bank Plc, Tunde Ayeni, over alleged fraud involving N36.54 billion and $30 million.
Ayeni was reportedly arrested in Abuja on Thursday and is currently being held by the anti-graft agency as investigations continue.
Sources said the arrest followed a probe into alleged money laundering, misappropriation, and diversion of funds obtained from Polaris Bank through several companies linked to him.
According to investigators, the funds were secured as loans for projects such as marine security operations, electricity distribution contracts, and estate development, but were allegedly diverted to acquire NITEL/MTEL assets through NATCOM.
The EFCC is also said to be investigating 12 companies allegedly connected to Ayeni, which were reportedly used to obtain the loans.
A source stated that the loans involved depositors’ funds that were allegedly redirected for purposes different from those approved.
EFCC spokesperson, Dele Oyewale, confirmed Ayeni’s arrest but did not provide further details.
He is expected to be arraigned in court after investigations are concluded.
