The anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has taken former Skye Bank chairman Tunde Ayeni into custody over allegations of a multi-billion-naira fraud scheme.
The businessman is alleged to be at the centre of an investigation of the alleged diversion and misappropriation of funds estimated at ₦36.5 billion and $30 million, said to have been obtained from Polaris Bank Plc through companies linked to him.
According to The Cable, Ayeni was picked up in Abuja on Thursday and is currently in EFCC custody as investigations continue.
Sources quoted regarding the development said the funds, secured as loans for specific projects, were diverted to other accounts and used for other purposes.
The loans, originally meant for financing marine security, electricity distribution contract, estate development, were allegedly channelled into the acquisition of telecom assets linked to NITEL/MTEL through a NATCOM account.
The anti-graft agency is also investigating about 12 companies linked to Ayeni, which were allegedly used to obtain the loans from Polaris Bank.
Ayeni is expected to be arraigned upon the conclusion of investigations.
The spokesperson of the EFCC, Dele Oyewale, confirmed the arrest when contacted but refused to provide further details.
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