Anti-corruption and elections / EFCC

N8bn Fraud: Skye Bank Chair, Ayeni; MD, Oguntayo Gets 36 hours to Fulfil Bail Conditions from Home

The Economic and Financial Crimes Commission, EFCC, on December 17, 2018, arraigned a former Chairman, Board of Directors, Skye Bank Plc, Tunde Ayeni, before Justice Nnamdi Dimgba of the Federal High Court, Abuja on an eight-count charge, bordering on money laundering to the tune of about N8 billion. Ayeni was arraigned alongside Timothy Ajani Oguntayo, for allegedly conspiring at different times to fraudulently divert depositors’ funds domiciled at Skye Bank Plc. After the arraignment, the judge, in a dramatic twist, granted the defendants 36 hours freedom, to meet the bail conditions or be r…