EFCC Opens ₦15.6 Billion Fraud Trial Against Former Skye Bank Chairman Ayeni

The Economic and Financial Crimes Commission (EFCC) on Monday commenced the prosecution of former Chairman of the defunct Skye Bank Plc, Tunde Ayeni, by calling its first witness in the alleged ₦15.6 billion fraud case before the Federal Capital Territory (FCT) High Court in Abuja.....KINDLY READ THE FULL STORY HERE▶

Ayeni is being tried before Justice Jude Onwuegbuzie of the FCT High Court, Apo, on an amended 18-count charge bordering on alleged criminal breach of trust, misappropriation and diversion of funds amounting to ₦15.6 billion.

During Monday’s proceedings, lead prosecution counsel, Abba Muhammed (SAN), presented the EFCC’s first prosecution witness, Remigus Ugwu, who introduced himself as a staff member of Zenith Bank before giving evidence.

The anti-graft agency had initially arraigned Ayeni on May 4, 2026, on a 17-count charge. However, he was re-arraigned on June 22 after the commission filed an amended charge alongside additional proof of evidence.

The revised charge increased the number of counts from 17 to 18, with the EFCC alleging that Ayeni committed offences involving criminal breach of trust, misappropriation and diversion of funds valued at ₦15.6 billion.

After the brief testimony of the first prosecution witness, Justice Onwuegbuzie adjourned the matter until July 16, 2026, for the continuation of trial.