Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested former chairman of defunct Skye Bank Plc, Tunde Ayeni, over allegations of money laundering, misappropriation, and diversion of funds totalling N36.54 billion and $30 million.
Ayeni was reportedly arrested in Abuja on Thursday and is currently being held at an EFCC facility.
According to the commission, the arrest followed investigations into alleged diversion of funds obtained from Polaris Bank through multiple entities linked to the former bank chairman.
EFCC sources said the loans were allegedly secured for specific investment projects, including marine security services, electricity distribution contracts, and estate development, but were later diverted into other ventures, including asset acquisitions.
The anti-graft agency also disclosed that about 12 companies linked to Ayeni are under investigation for allegedly facilitating the transactions.
The EFCC spokesperson, Dele Oyewale, confirmed the arrest but declined to provide further details.
Blueprint.ng learnt that Ayeni will be arraigned in court upon the conclusion of ongoing investigations.
