Society

Alleged N15.6bn Fraud: EFCC re-arraigns Ex-Skye Bank MD

By Francis Wilfred

The Economic and Financial Crimes Commission, EFCC, has re-arraigned a former Chairman, Board of Directors, defunct Skye Bank Plc ( now Polaris Bank Limited) Tunde Ayeni before Justice Jude Onwuegbuzie of the Federal Capital Territory, FCT, High Court, Apo, Abuja for an alleged N15.6 billion fraud.

According to a press statement signed by the Head, Media and publicity, Dele Oyewale, Ayeni was re-arraigned on an amended 18-count charge bordering on alleged criminal breach of trust, misappropriation, and diversion of funds amounting to N15.6 billion following the EFCC`s submission of additional proof of evidence.

He pleaded not guilty to all the charges when they were read to him.Ayeni was first arraigned on May 4, 2026 on a 17-count charge.Justice Onwuegbuzie adjourned the matter till July 6, 2026, for commencement of trial.

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