Tunde Ayeni Faces N15.39bn Fraud Charges, Trial Set for 2027

The Economic and Financial Crimes Commission (EFCC) re-arraigned Tunde Ayeni, the former Chairman of the defunct Skye Bank Plc, on November 12 before the Federal Capital Territory High Court, Maitama, Abuja. He faces an 18-count charge involving an alleged fraud of N15.39 billion.

The case was transferred from Justice Jude Onwuegbuzie's court at the FCT High Court, Apo. The charges against Ayeni include criminal breach of trust, misappropriation, and diversion of funds totaling N15,391,093,665.

Ayeni pleaded not guilty to all counts. Prosecution counsel Abba Muhammed, SAN, requested a trial date, while defense counsel E. Inegedu, SAN, sought to maintain Ayeni's bail conditions from May 2026, citing his consistent court attendance and compliance with bail requirements.

Justice H. Mu’azu adjourned the case until January 19, 2027, for the trial to commence.