Ex-Skye Bank Chair Ayeni Remanded in N8bn Fraud Case

Ayeni, the former Chairman of Skye Bank, has been ordered to be remanded in Kuje prison following charges of fraud amounting to N8 billion. The Economic and Financial Crimes Commission (EFCC) charged him with 17 counts related to money laundering.

During the court proceedings presided over by Justice Jude Onwuegbuzi, Ayeni's counsel, Ahm Raji (SAN), requested a short date for the defense to move a bail application. The case has been adjourned to May 13, 2026, for this purpose.

Ayeni pleaded not guilty to the charges, prompting prosecuting counsel Ekel Iheanacho (SAN) to request a date to commence the trial. Iheanacho urged the court to remand Ayeni in custody until the trial begins.

Raji informed the court that the defense would file a bail application on behalf of Ayeni, who is a renowned businessman and lawyer with 35 years of practice.