Posted by Chinenye on Thu 12th Nov, 2026 - tori.ng
Former Skye Bank chairman Tunde Ayeni is back in court over claims that he took and moved billions of naira belonging to the bank.
(EFCC. Photo by Africa Press)
Former Skye Bank chairman Tunde Ayeni has been re arraigned at the Federal Capital Territory High Court in Maitama, Abuja, over an alleged N15.39 billion fraud.
The EFCC announced the development in a statement on Wednesday.
Trial is set to begin on 19 January 2027.
The EFCC says Ayeni faces an existing 18-count charge of criminal breach of trust, misappropriation and diversion of depositors' funds.
It alleges he moved a total of N15,391,093,665 while chairing the bank, now known as Polaris Bank.
Two of the counts relate to transfers from the bank's suspense account: N3.11 billion sent to Misa Limited's Zenith Bank account on 20 November 2014, and N5.07 billion sent to Greenwich Registrar's Union Bank account on 2 December 2014.
Ayeni pleaded not guilty to all 18 counts.
His lawyer, E. Inegedu SAN, asked the court to keep the bail conditions set in May 2026, saying his client has attended every court date and surrendered his international passport.
The prosecution left the decision on bail to the judge. Justice H. Mu'azu adjourned the case until January 2027.