EFCC Arrests Tunde Ayeni Over N36bn Fraud Allegations
Tunde Ayeni, the former chairman of Skye Bank, was arrested by the Economic and Financial Crimes Commission (EFCC) on Thursday in Abuja. His arrest is part of an ongoing investigation into alleged fraud involving approximately N36.6 billion and $30 million.
Sources indicate that Ayeni is being grilled over the misappropriation of funds linked to various entities and loans obtained from Polari Bank PLC. The investigation revealed that the funds were allegedly diverted for purposes unrelated to the original financing of projects, including marine security activities, electrical distribution contracts, and real estate development.
Additionally, the investigation shows that Ayeni is connected to 12 different companies that are under scrutiny for their involvement in the alleged fraudulent activities. The 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 investigation.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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