BREAKING: EFCC Arrests Ex-Skye Bank Chairman Ayeni Over Alleged ₦36.5bn, $30m Fraud

The Economic and Financial Crimes Commission (EFCC) has arrested Tunde Ayeni, a businessman and former chairman of the defunct Skye Bank Plc, over alleged financial misconduct involving ₦36.5 billion and $30 million.

According to a report by newsmen, Ayeni was arrested in Abuja on Thursday and is currently in EFCC custody as investigations continue.

Sources familiar with the matter disclosed that the anti-graft agency is probing the alleged diversion and misappropriation of funds reportedly obtained from Polaris Bank Plc through companies linked to him.

The funds are suspected to have been siphoned through a network of corporate entities allegedly connected to the former bank chairman.