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From Sola Ojo, Abuja
The Economic and Financial Crimes Commission (EFCC) on Monday presented its first prosecution witness in the alleged N15.6 billion fraud trial of former Chairman of the Board of Directors of Skye Bank Plc, now Polaris Bank Limited, Tunde Ayeni.
According to the EFCC’s Head of Media and Publicity, Dele Oyewale, Ayeni is standing trial before Justice Onwuegbuzie of the Federal Capital Territory High Court, Apo, Abuja, on an 18-count amended charge bordering on alleged criminal breach of trust, misappropriation and diversion of funds amounting to N15.6 billion.
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The EFCC said Ayeni was initially arraigned on May 4, 2026, on a 17-count charge before being re-arraigned on June 22, 2026, following the filing of an amended charge supported by additional proof of evidence.
At yesterday’s proceedings, prosecution counsel, Abba Muhammed, SAN, called the first prosecution witness, Remigus Ugwu, a staff member of Zenith Bank, who briefly identified himself before the court.
Justice Onwuegbuzie subsequently adjourned the case until July 16, 2026, for continuation of trial.
