The Economic and Financial Crimes Commission (EFCC) has re-arraigned Tunde Ayeni, former chairman of the board of the defunct Skye Bank Plc, now P
The Economic and Financial Crimes Commission (EFCC) has re-arraigned Tunde Ayeni, former chairman of the board of the defunct Skye Bank Plc, now Polaris Bank, over an alleged N15.6 billion fraud.
Ayeni was re-arraigned on Thursday before Jude Onwuegbuzie, judge of the Federal Capital Territory (FCT) high court in Apo, on an amended 18-count charge bordering on criminal breach of trust, misappropriation and diversion of funds.
The EFCC alleged that both transactions were carried out in breach of Ayeni’s contractual obligations to the bank, contrary to section 311 of the penal code and punishable under section 312 of the same law.
Following Ayeni’s plea, Abba Muhammed, lead prosecution counsel, told the court that the prosecution was ready to proceed, adding that its first witness was present.
Muhammed responded that the summary had been filed alongside the second amended charge.
In his ruling, the judge held that the prosecution had complied with the necessary requirements and adjourned the matter to July 20, 22 and 23 for continuation of the trial.
