Former Skye Bank Chairman Tunde Ayeni Re-arraigned Over N15.6bn Fraud

The Economic and Financial Crimes Commission (EFCC) has re-arraigned the former Chairman of the defunct Skye Bank Plc, Tunde Ayeni, before the Federal Capital Territory High Court in Apo, Abuja.

Ayeni appeared before Justice Jude Onwuegbuzie on Monday to face an amended 18-count charge involving allegations of criminal breach of trust, misappropriation, and the diversion of funds totaling N15.6 billion. The re-arraignment follows the commission’s filing of additional evidence.

Prosecutors allege that during his tenure as board chairman in 2014, Ayeni misappropriated significant sums from the bank’s suspense account, including unauthorized transfers of N510 million to Capital Field Investment Group Limited and N600 million to Harigold Ventures Limited. These actions are alleged to have violated the bank’s internal operational policies and the provisions of the Penal Code.

Ayeni pleaded not guilty to all 18 counts. This appearance follows his initial arraignment on May 4, 2026, which involved a 17-count charge. Justice Onwuegbuzie has adjourned the matter until July 6, 2026, for the commencement of the trial.