Ex-Skye Bank Chair Ayeni sent to Kuje prison over N8bn fraud 

Ex-Skye Bank Chair Ayeni sent to Kuje prison over N8bn fraud

The Federal Capital Territory High Court on Monday remanded Tunde Ayeni, a former chairman of the now-defunct Skye Bank Plc, in Kuje Correctional Centre, pending the determination of his bail application.

Tunde Ayeni

The Economic and Financial Crimes Commission (EFCC) charged Ayeni with 17 counts bordering on money laundering to the tune of about N8 billion.

The presiding judge, Justice Jude Onwuegbuzie, gave the order after Ayeni’s counsel, Ahmed Raji (SAN), asked for a short date for the defence to move the bail application.

The case has been adjourned to May 13, 2026, for the hearing of the defendant’s bail application.

However, the businessman pleaded not guilty to the charge.

Following his not-guilty plea, the prosecution counsel, Ekele Iheanacho (SAN), asked the court for a date for commencement of trial.

Iheanacho also urged the court to remand Ayeni in custody pending commencement of trial.

But Raji told the court that the defence filed a bail application on behalf of Ayeni today (Monday) and served the same on the prosecution.

According to him, the charge was served on the defendant by the EFCC on May 1, which was a public holiday.

He urged the court to grant a short adjournment for the bail application to be moved.

Raji told the court that the renowned businessman was a lawyer of over 35 years practice, appealing to the court to release the defendant, assuring that he would present the defendant in court at the next adjourned date.