EFCC Arrests Former Skye Bank Chairman Tunde Ayeni…- TheConclaveNg

The Economic and Financial Crimes Commission has arrested Tunde Ayeni, former chairman of the defunct Skye Bank Plc, for alleged fraud involving $36.5 billion and $30 million.

Ayeni was arrested by operatives of the EFCC in Abuja on Thursday, April 23, 2026 and remains in custody.

The anti-corruption agency is investigating the alleged diversion of $36.5 billion and $30 million secured as loans from Polaris Bank PLC through companies linked to Ayeni.

Sources close to the investigation say the funds were obtained for maritime safety, electricity distribution and real estate projects, but were later redirected.

Investigators allege that the loans were instead channeled into telecommunications investments linked to NITEL/MTEL activities via a NATCOM account.

Around 12 companies believed to be linked to Ayeni are also under scrutiny for their role in guaranteeing the loans.

The EFCC is expected to file charges once the investigation concludes.

Spokesman Dele Oyewale confirmed the arrest on Friday but declined to provide further details.

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