Ex-Skye Bank chair pleads not guilty to N15.6bn fraud charges
Tunde Ayeni, former Chairman of the defunct Skye Bank Plc, has been arraigned by the Economic and Financial Crimes Commission over alleged misappropriation of N15.6 billion. The arraignment took place at the Federal Capital Territory High Court, Apo, Abuja. Ayeni faces a 17-count charge, including criminal breach of trust and conversion of investors’ funds. Several transactions and alleged offences were detailed in court, with specific dates and amounts mentioned.
What happened
- Tunde Ayeni was accused of diverting N15,665,085,429 while serving as chairman of Skye Bank between 2014.
- One charge alleges that between 21st of October, 2014 and 19th November, 2014, Ayeni misappropriated N3,201,535,429.42 by transferring it to Misa Limited’s accounts.
- Another count claims that on or about 27th November, 2014, he dishonestly misappropriated N5,078,550,000 by transferring it to Union Registrar Limited’s account.
- The EFCC presented a 17-count charge dated April 28, 2026, and Ayeni pleaded not guilty to all charges.
- Justice Jude Onwuzuruike adjourned the matter to May 13, 2026, for hearing of the bail application and ordered that Ayeni be remanded at Kuje Correctional Centre pending the determination of the application.
