EFCC Arrests Former Skye Bank Chairman Tunde Ayeni

The Economic and Financial Crimes Commission (EFCC) arrested Tunde Ayeni, the former chairman of the defunct Skye Bank PLC, on allegations of money laundering and misappropriation of funds amounting to N36.54 billion. The arrest took place in Abuja on Thursday, and Ayeni is currently being held at EFCC facilities.

The investigation into Ayeni's activities involves allegations of diversions of funds obtained through loans secured for specific investment projects, including marine security services, electricity distribution contracts, and real estate development. These funds were reportedly diverted into various ventures, including asset acquisition.

The EFCC disclosed that 12 companies are linked to Ayeni and are under investigation for facilitating these transactions. EFCC spokesperson Dele Oyewale confirmed the arrest but declined to provide further details.

Ayeni is expected to be arraigned in court upon the conclusion of the ongoing investigations.