Tunde Ayeni Faces N15.6bn Fraud Charges in Court

Tunde Ayeni, the former chairman of the board of directors of the defunct Skye Bank PLC, was arraigned by the Economic and Financial Crimes Commission (EFCC) on Monday for alleged fraud totaling N15.6 billion. The charges, which include 17 counts of criminal breach of trust and misappropriation of investor funds, were presented before Justice Jude Onwuzuruike at the Federal Capital Territory High Court in Abuja.

The EFCC spokesperson, Dele Oyewale, stated that Ayeni is accused of misappropriating funds while serving as chairman between October 21, 2014, and November 19, 2014. The prosecution, led by E.E.

Iheanacho, informed the court that Ayeni's actions violated the Penal Code. Ayeni's defense counsel, Ahm Raji Bashir, requested a trial date, which was set for April 28, 2026.

The court has adjourned the matter to May 13, 2026, to hear a bail application while Ayeni remains in custody at Kuje Correctional Centre pending the determination of the bail application.