Sunday, September 13, 2026

Alleged ₦15.6 Billion Fraud: EFCC Presents First Witness Against Tunde Ayeni

The Economic and Financial Crimes Commission (EFCC), on Monday, July 6, 2026, presented its first prosecution witness (PW1) before Justice Jude Onwuegbuzie of the Federal Capital Territory (FCT) High Court, Apo, Abuja, in the trial of former Chairman of the Board of Directors of the defunct Skye Bank Plc (now Polaris Bank Limited), Tunde Ayeni.

The EFCC is prosecuting Ayeni on an 18-count amended charge bordering on alleged criminal breach of trust, misappropriation, and diversion of funds totalling ₦15.6 billion.

The defendant was first arraigned on May 4, 2026, on a 17-count charge and was subsequently re-arraigned on June 22, 2026, after the Commission filed an amended charge supported by additional proof of evidence.

At Monday’s proceedings, the prosecution counsel, Abba Muhammed, SAN, presented the first prosecution witness (PW1), who identified himself as Remigus Ugwu, a staff member of Zenith Bank.

The matter was thereafter adjourned until July 16, 2026, for the continuation of the trial.

Hot this week

POLITICS AND LAWYERS: PRACTICE WHAT YOU PREACH – JUSTICE TAIWO (RTD.)

I am a lawyer. I studied law and have...

EFCC, FBI Move to Probe Alleged Diversion, Mismanagement of USAID Funds

The Economic and Financial Crimes Commission (EFCC) and the...

Court Jails Fake Spiritualist for Sextortion in Abuja

Justice C.N. Nwabulu of the Federal High Court, Abuja,...

The Abuse of Privilege by Retired Judicial Officers (2) – Dr. Muiz Banire, SAN

A lawyer who retains a retired judge for the...

EFCC Arraigns One for Alleged ₦700m Fraud in Lagos

The Lagos Zonal Directorate 1 of the Economic and...

Topics

EFCC, FBI Move to Probe Alleged Diversion, Mismanagement of USAID Funds

The Economic and Financial Crimes Commission (EFCC) and the...

Court Jails Fake Spiritualist for Sextortion in Abuja

Justice C.N. Nwabulu of the Federal High Court, Abuja,...

EFCC Arraigns One for Alleged ₦700m Fraud in Lagos

The Lagos Zonal Directorate 1 of the Economic and...

Immigration Intercepts Two With ₦34m Allegedly Meant For Kidnap Ransom

The Nigeria Immigration Service (NIS) has intercepted two persons...

Court Adjourns KC Luxury’s Detention Challenge as NDLEA Says Bail Possible

Justice Friday Ogazi of the Federal High Court, Lagos,...

Appeal Court Affirms Ex-NEXIM Bank MD Orya’s 490-Year Jail Term for ₦2.4bn Fraud

Justice Muhammed Danjuma of the Court of Appeal, Abuja,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img