Court Remands Ex-Skye Bank Chair Ayeni on N15.665B Charges

A Federal Capital Territory High Court in Abuja remanded Tunde Ayeni, former chairman of the board of directors of the defunct Skye Bank Plc, in Kuje Correctional Centre on Monday after the Economic and Financial Crimes Commission arraigned him on a 17-count charge of criminal breach of trust, misappropriation, and conversion of investors' funds totaling N15.665 billion.

The arraignment took place before Justice Jude Onwuzuruike at the Apo division of the court. Ayeni, accused of actions between October and November 2014, allegedly transferred depositors' funds from the bank's Suspense Account to third-party accounts in violation of Prudential Guidelines and other banking regulations.

One count in the charge, dated April 28, 2026, stated: "That you, Tunde Ayeni, whilst being the Chairman, Board of Directors of the defunct Skye Bank Plc between 21st of October, 2014 and 19th November, 2014 at Abuja within the jurisdiction of this Honourable Court and having dominion over depositors funds domiciled in the defunct Skye Bank Plc's Suspense Account, committed criminal breach of trust when you dishonestly misappropriated the aggregate sum of N3,201,535,429.42 by transferring same to...