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The Economic and Financial Crimes Commission (EFCC) has arrested former chairman of the defunct Skye Bank Plc, Tunde Ayeni, over an alleged multi-billion naira fraud.
According to The Cable, Ayeni was picked up in Abuja on Thursday, April 23 and is currently in EFCC custody as investigations progress. The anti-graft agency is investigating the alleged diversion and misappropriation of funds estimated at N36.5 billion and $30 million, allegedly gotten from Polaris Bank Plc through companies linked to him.
The funds were secured as loans for financing marine security, an electricity distribution contract, and estate development, but were allegedly diverted to the acquisition of telecom assets linked to NITEL/MTEL through a NATCOM account.
EFCC is also investigating about 12 companies linked to Ayeni, which were allegedly used to obtain the loans from Polaris Bank. When contacted, Dele Oyewale, EFCC spokesperson, confirmed the arrest but declined to provide further details.
