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EFCC Opens N15.6 Billion Fraud Trial Against Ex-Skye Bank Chairman, Tunde Ayeni

By Oluwaseyi precious

July 7, 2026

The Economic and Financial Crimes Commission (EFCC) has commenced the prosecution of 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.

He was initially arraigned on May 4, 2026, on a 17-count charge before being re-arraigned on June 22, 2026, after the EFCC filed an amended charge supported by additional evidence.

At the latest court session, the prosecution, led by Senior Advocate of Nigeria (SAN) Abba Muhammed, called its first witness, Remigus Ugwu, a staff member of Zenith Bank, who testified before the court.

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

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