Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested former chairman of the defunct Skye Bank Plc, Tunde Ayeni, over allegations of massive financial misconduct involving billions of naira and millions of dollars.
Newsonspot gathered that Ayeni was reportedly arrested in Abuja on Thursday and is currently in custody at an EFCC facility, as investigations into the case continue.
According to sources close to the investigation, the allegations involve money laundering, misappropriation, and diversion of funds estimated at N36,540,058,400 and $30 million. The probe is said to uncover a complex loan diversion scheme involving multiple companies linked to the businessman.
Investigators revealed that the funds were allegedly obtained from Polaris Bank through various entities connected to Ayeni. These loans, which were initially secured for specific investment projects, were reportedly redirected into unrelated ventures.
The projects cited include marine security operations, electricity distribution contracts, and estate development. However, findings suggest that the funds were diverted, including into the acquisition of NITEL/MTEL assets through NATCOM accounts.
Sources further disclosed that no fewer than twelve companies linked to Ayeni are currently under investigation, with authorities examining how the loans were processed and transferred across multiple accounts.
“The loans are depositors’ funds fraudulently obtained and diverted into various purposes,” a source familiar with the probe stated.
EFCC spokesperson, Dele Oyewale, confirmed the arrest but declined to provide further details, citing the ongoing nature of the investigation.
Ayeni is expected to face formal charges in court once investigations are concluded.
