The Economic and Financial Crimes Commission (EFCC) has arrested former chairman of Skye Bank Plc, Tunde Ayeni, over his alleged involvement in a multi-billion naira fraud.
Ayeni was reportedly apprehended in Abuja and is currently being held in EFCC custody as investigations into the matter continue.
According to sources within the anti-graft agency, the arrest is linked to the alleged diversion and misappropriation of funds totaling about N36.5 billion and $30 million.
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The funds are said to have been obtained from Polaris Bank Plc through companies allegedly connected to the former bank chairman.
Investigators are said to be probing the financial transactions and corporate entities associated with Ayeni, with a focus on how the funds were accessed and subsequently utilized.
The EFCC has yet to issue an official detailed statement on the development, but officials indicate that the investigation is ongoing and could lead to further arrests or prosecutions.
The case adds to a growing list of high-profile financial crime investigations being handled by the commission as it continues its crackdown on corruption and financial misconduct in Nigeria’s banking sector.
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