EFCC Opens Case Against Ex Skye Bank Chairman Tunde Ayeni Over Alleged N15.6bn Fraud

The Economic and Financial Crimes Commission has opened its case against former Chairman of the defunct Skye Bank Plc, Tunde Ayeni, over an alleged N15.6 billion fraud before the Federal Capital Territory High Court in Apo, Abuja.

Ayeni is facing an 18 count amended charge bordering on alleged criminal breach of trust, misappropriation and diversion of funds amounting to N15.6 billion.

At the commencement of trial on Monday, the prosecution, led by Senior Advocate of Nigeria, Abba Muhammed, called its first witness, Remigus Ugwu, a staff member of Zenith Bank, who gave preliminary testimony before the court.

Ayeni was initially arraigned on May 4, 2026, on a 17 count charge. He was re arraigned on June 22 after the EFCC filed an amended charge backed by additional proof of evidence.

Following the witness’s appearance, the court adjourned the matter until July 16, 2026, for continuation of trial.