The Economic and Financial Crimes Commission has arrested former chairman of Skye Bank Plc, Tunde Ayeni, over allegations of large-scale financial misconduct involving ₦36.54 billion and $30 million.
Ayeni was taken into custody in Abuja on Thursday and is currently being held at the EFCC’s detention facility. His arrest follows an ongoing investigation into claims that funds obtained from Polaris Bank Plc were misused and diverted through several companies reportedly linked to him.
Sources familiar with the case revealed that the loans were originally secured for specific projects, including marine security operations, power distribution contracts, and real estate development. However, investigators allege that the funds were redirected into other ventures, notably the acquisition of NITEL/MTEL assets through NATCOM.
Further findings indicate that about 12 companies connected to Ayeni are under scrutiny, as they were allegedly used to obtain the loans in question. Authorities suspect that the funds involved were part of depositors’ money, which was diverted for purposes outside their intended use.
The EFCC has confirmed the arrest through its spokesperson, Dele Oyewale, who stated that investigations are ongoing. Ayeni is expected to be formally charged in court once the probe is concluded.