Skye Bank Ex-Chairman Ayeni, MD Oguntayo Risk Remand in Kuje Prison
The Economic and Financial Crimes Commission, EFCC, on Tuesday arraigned a former Chairman, Board of Directors, Skye Bank Plc, Tunde Ayeni, before Justice Nnamdi Dimgba of the Federal High Court, Abuja on an eight-count charge, bordering on money laundering to the tune of about N8 billion.
Ayeni was arraigned alongside one Timothy Ajani Oguntayo, for allegedly conspiring at different times to fraudulently divert depositors’ funds domiciled at Skye Bank Plc.
The judge granted the defendants 36 hours freedom, to meet the bail conditions or be remanded in Kuje prison.
One of the counts reads: “That you Dr. Tunde Ayeni whilst being the Chairman Board of Directors of Skye Bank Plc and Timothy Ajani Oguntayo whilst being the Managing Director and Chief Executive of Skye Bank between the years 2014 and 2015 conspired at different times to do an illegal act, to wit; caused cash delivery to you, Dr. Tunde Ayeni of the sums of money totalling N4,750,000,000 (Four Billion, Seven Hundred and Fifty Million Naira) and USD5,000,000 (Five Million United States Dollars) belonging to Skye Bank Plc, contrary to the provisions of Section 1(a) of the Money Laundering (Prohibition) Act 2011 (as amended) read together with Section 18 (a) of the Money Laundering (Prohibition) Act 2011 (as amended) and punishable under Section 16(2) (b) of the Money Laundering (Prohibition) Act 2011 (as amended)”.
They pleaded “not guilty” to all the counts.
The Economic and Financial Crimes Commission, EFCC, on Tuesday arraigned a former Chairman, Board of Directors, Skye Bank Plc, Tunde Ayeni, before Justice Nnamdi Dimgba of the Federal High Court, Abuja on an eight-count charge, bordering on money laundering to the tune of about N8 billion.
Ayeni was arraigned alongside one Timothy Ajani Oguntayo, for allegedly conspiring at different times to fraudulently divert depositors’ funds domiciled at Skye Bank Plc.
The judge granted the defendants 36 hours freedom, to meet the bail conditions or be remanded in Kuje prison.
One of the counts reads: “That you Dr. Tunde Ayeni whilst being the Chairman Board of Directors of Skye Bank Plc and Timothy Ajani Oguntayo whilst being the Managing Director and Chief Executive of Skye Bank between the years 2014 and 2015 conspired at different times to do an illegal act, to wit; caused cash delivery to you, Dr. Tunde Ayeni of the sums of money totalling N4,750,000,000 (Four Billion, Seven Hundred and Fifty Million Naira) and USD5,000,000 (Five Million United States Dollars) belonging to Skye Bank Plc, contrary to the provisions of Section 1(a) of the Money Laundering (Prohibition) Act 2011 (as amended) read together with Section 18 (a) of the Money Laundering (Prohibition) Act 2011 (as amended) and punishable under Section 16(2) (b) of the Money Laundering (Prohibition) Act 2011 (as amended)”.
They pleaded “not guilty” to all the counts.
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