- Over alleged N36.5bn, $30m fraud
The Economic and Financial Crimes Commission (EFCC) has detained Tunde Ayeni, a former Chairman of now defunct Skye Bank Plc, for alleged fraud to the tune of N36.5 billion and $30 million.
Ayeni was arrested by EFCC operatives in Abuja on Thursday, April 23, 2026, and taken into custody.
The anti-graft agency is probing the alleged diversion of N36.5 billion and $30 million secured as loans from Polaris Bank PLC through companies linked to Ayeni.
Reports quoting sources familiar with the investigation say the funds were obtained for marine security, electricity distribution, and real estate projects but were later redirected.
Investigators allege the loans were instead channeled into telecom investments tied to NITEL/MTEL assets via a NATCOM account.
About 12 firms believed to be connected to Ayeni are also under scrutiny for their roles in securing the loans.
The EFCC is expected to file charges at the conclusion of investigation.