The Economic and Financial Crimes Commission, EFCC, on December 17, 2018, 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.

Mr Ayeni was arraigned alongside Timothy Oguntayo, for allegedly conspiring at different times to fraudulently divert depositors’ funds domiciled at Skye Bank Plc.

After the arraignment, the judge, in a dramatic twist, granted the defendants 36 hours freedom, to meet the bail conditions or be remanded in Kuje prison. They were asked to go home.

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.

In view of their pleas, prosecuting counsel, Abba Mohammed, prayed the court for a trial date and prayed that the defendants be remanded in prison custody, pending the hearing of their bail applications.

Before the court’s ruling, counsel for the first defendant, Dele Adesina, who held appeared for the lead counsel, Wole Olanipekun, informed the court of their pending bail application, which was served on the prosecution on December 13. Counsel for the second defendant, Oyetola Oshobi, made a similar application.

Ruling on the applications for bail, the court admitted the defendants to bail in the sum of N50 million with two sureties each in like sum.

The court further ruled: “The sureties may be either civil servants of not less than the rank of assistant director or be private businessmen or professionals provided that one of the sureties is a civil servant, the other surety being a private businessman or a professional must be the owner of a landed property of sufficient value within Abuja metropolis, excluding the satellite towns,” the trial judge held.

Justice Dimgba added that: “But where the two sureties are private businessmen or professionals, they must show evidence of landed properties of sufficient value within Abuja metropolis excluding the satellite towns.

“The defendants shall deposit their international passports before the court and shall not travel outside the country without the permission of the court”.

The court further gave the defendants 36 hours to meet the bail conditions or be remanded in Kuje prison.

The matter was thereafter adjourned to February 13 and 14, 2019, for “commencement of trial”.

Source : https://www.collegegist.com.ng/p/529/alleged-n8bn-fraud-ex-skye-bank-chair-ayeni-granted-controve

this is Nigeria, ANYTHING is fvcking possible

There was a country

This crook judge will be investigated one day and several billions of naira would be found in his accounts acquired from bribes and he will pay dearly.

Germany worfburgs to win.. Scotland Aberdeen to win .free for u quote me after the game (

Thats what you shall find in naija news but before you see say naija launch rocket go mars ehn we go nearly don reach 500 years old

This is Nigeria where justice/ judgement can be bought ..

Nnamdi Dimgba is gradually digging his own grave.

People who are in top positions get way with too much in this country

Nb

What's controversial here? ? Bloggers these days be posting without commonsense.

efighter:
This crook judge will be investigated one day and several billions of naira would be found in his accounts acquired from bribes and he will pay dearly.

This may never happen naturally unless we make it happen.

Nnamdi? Mtchewww!

kingharzy:


What's controversial here? ? Bloggers these days be posting without commonsense.

Why would you see it? He freed them before they even meet the bail condition.

Hmm

The country's judiciary is a reflection of Nigeria.

efighter:
This crook judge will be investigated one day and several billions of naira would be found in his accounts acquired from bribes and he will pay dearly.

Don't say what you don't know. I know the judge quite well and he's a very honest man.
This kind of bail condition happens all the time so its not a new thing abeg.

See?

Is this now the fault of EFCC or the judiciary?

All the government systems need a complete overhaul!

jjohndoe83:

Don't say what you don't know. I know the judge quite well and he's a very honest man.
This kind of bail condition happens all the time so its not a new thing abeg.

Like seriously, granted freedom before meeting bail conditions in a monumental case of 8billion naira, do you know the damage they have done against poor customers whose money where converted to personal use by the criminal CEO and his partner in crime, whereas ordinary fraud cases of 100,000 naira, poor Nigerians are committed to prison awaiting trials with stiffer bail conditions, what kind of country is Nigeria, what kind of nonsense is this

dollarsplenty:
The country's judiciary is a reflection of Nigeria.

l concur, what a crookish, Oluwole and burukutu judgment by the kulikuli judge

too bad

Nigeria Judiciary is the most useless in the world.For Nigeria to change,the law profession has to be scrapped cos it has caused so much damage.Their only trademark is to adjorn and adorn till infinity.I hate Nigerian lawyers and judges.Animals in human skin

The best way to rob a bank is to own one.

Wuru Wuru judge...


Re you serious about making cool cash without paying a dime... Please check my

Tunde Ayeni! Money bag of PDP during 2015 election, but on serious note, I leave this guyz in the hand of God to judge them cos my hard earn money was among that billions of naira

I worked with these man 2017,Very stingy Always flying up and down in his private jet with his dry wife that employs Chinese ladies as house help, very rude Oga, though he will be set free cos he belongs, that's Nigeria for u, this is Nigeria.

Afonja and fraud

I remember in one of PMB speech saying judiciary is his problems. May God help us.

mob4ever:
I worked with these man 2017,Very stingy Always flying up and down in his private jet with his dry wife that employs Chinese ladies as house help, very rude Oga, though he will be set free cos he belongs, that's Nigeria for u, this is Nigeria.

Yes ,you are right. I know him very well too.Such a self centered man...over stingy dey worry am.

Tunde Ayeni is one of those who profited from Jonathan's bankruption of Nigeria.

Tunde Ayeni, this is just they beginning.

He who does an abominable act of sleeping with a Yoruba Kings Wife, shall receive whirlwind in return.

O ṣẹṣẹ bẹrẹ ni, ọ ti ri nkankan.