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Tunde Ayeni’s N4.5Billion Fraud Court Case Adjourned Till Oct 10       

Tunde Ayeni’s case moved to October 10.

Funsho Akinwale

Justice Valentine Ashi of the Federal High Court sitting in Apo, Abuja, moved the trial of Tunde Ayeni, the former Chairman of Skye Bank Plc, to October 10, 2019.

The N4.5billion case was brought against the billionaire by the Economic and Financial Crimes Commission.

The former bank boss along with one Timothy Oguntayo is facing trial on charges bordering on diversion of depositor’s funds saved at Skye Bank Plc, now Polaris Bank, for his personal use.

One of the charges read: “That you, Tunde Ayeni, whilst being the Chairman, Board of Directors of the defunct Skye Bank Plc and Timothy Ajani Oguntayo, while being the Managing Director, MD of the defunct Skye Bank Plc, on or about October 16, 2014 at Abuja within the jurisdiction of this Honourable Court, whilst being officers of the defunct Skye Bank Plc entrusted with property, to wit; depositors funds in the defunct Skye Bank Plc’s Suspense Account, committed criminal breach of trust in respect of the sum of N1,000,000,000 (One billion naira) and thereby committed an offence contrary to and punishable under Sections 311 and 312 of the Penal Code.

The presiding judge, after listening to both counsels, ordered the anti-graft agency to release the defendant’s international passport to the Court Registrar within 48 hours, and for the continuation of the hearing, adjourned the case till October 10, 2019.