The Economic and Financial Crimes Commission, EFCC, on May 27, 2019 re-arraigned a former Chairman, Board of Directors, Skye Bank Plc (now Polaris Bank), and the former Managing Director, MD of the Bank, Timothy Ajani Oguntayo, before Justice Ijeoma Ojukwu, of a Federal High Court, Abuja, on an eight-count charge bordering on money laundering to the tune of N8 billion.

They were initially arraigned before Justice Nnamdi Dimgba of a Federal High Court, Abuja on December 17, 2018, shortly after which the judge was transferred out of Abuja to the Delta Division of the Court. The case was thus re-assigned to Justice Ojukwu, necessitating the need for their re-arraignment.

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 the charges.

Wole Olanipekun, SAN lead defence counsel applied that the Court allow the defendants to continue on the bail terms earlier granted them by Justice Dimgba.

Counsel for the EFCC, Suraj Saeda, SAN noted that the defendant had been attending court as expected, and had not jumped bail, adding that, “we have no objection to deny them bail on the condition imposed by Justice Dimgba.”

Justice Dimgba had admitted them to bail in the sum of N50 million with two sureties each in like sum, who may be either civil servants of not less than the rank of Assistant Director or be private business men or professionals provided that one of the sureties is 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, adding that, “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”.

Justice Ojukwu, thereafter granted them bail as requested and adjourned to July 2, 2019.

Source: https://ngg.ng/2019/05/28/alleged-n8bn-fraud-efcc-re-arraigns-skye-bank-chair-ayeni-md-oguntayo/

Na dem dem

Gud for dem

They were initially arraigned before Justice Nnamdi Dimgba of a Federal High Court, Abuja on December 17, 2018, Abuja on December 17, 2018

Since 2018?!
This is the only thing EFCC and our judiciary fall short on.
They should speed up every case of fraud in this nation just like the Naira Marley boy's case and send to jail any corrupt persons ASAP.

Justice delayed is justice denied!
There should be law for time limit for a case of corruption in our country.
Nuff said!

This kind man will lead praise and worship at work every morning then on Sunday they have the loudest voice singing and dancing and yet they do the worst things underground.

8 billion naira is no small money. If minimum wage is 30,000 then 8 billion is enough to pay wages of 266,666 workers ! Also why 50 million bail ! That amount is peanut to someone who stole 8 billion .

Would a man that stole 800,000 be given 5,000 naira bail ?

Too many thieves in Nigeria.

Money that you cannot finish in one life time.

Our fathers failed us.

The is no bank ceo or md in 9ja that is not into this kind paroles

Nah still dem
Name Checkers how market?

Ayeni has over 100 companies in nigeria. He buys the companies. Take loans and declares dividend which are paid from the loans. Very greedy useless pig of a man

jayextra:
Nah still dem

Name Checkers how market?

We have fraudsters and thieves in every tribe in Nigeria.
Don't tribalise this Jay.

Let us all SAY NO TO TRIBALISM, we beg of you!

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Nice one EFCC even tho you guys are useless and will likely bungle this case. But it is good for all Afonja criminals to face Igbo judges and likewise all Igbo Criminals face Afonja judges. They will Surely administer retribution swiftly against each other and help Nigeria grow...

A

Once u are big in Nigeria u keep getting big publicity from efcc like endorsement

post=78785407:
We have fraudsters and thieves in every tribe in Nigeria. Don't tribalise this Jay.
Let us all SAY NO TO TRIBALISM, we beg of you!

I know man... its actually a call out post for tribalists
I'm nt a tribal bigot.

Where my I dey almost kill myself because of 500k debt that is on me.

he donated money for oga jo...n

jayextra:

I know man...
its actually a call out post for tribalists

I'm nt a tribal bigot.

Okay then.
Noted.....

That's the main reason why I love GMB... During PDP's Regime, Fraudsters and corrupt individuals go scot-free... Thanks to Bubu..

MrGidifeed:
The Economic and Financial Crimes Commission, EFCC, on May 27, 2019 re-arraigned a former Chairman, Board of Directors, Skye Bank Plc (now Polaris Bank), and the former Managing Director, MD of the Bank, Timothy Ajani Oguntayo, before Justice Ijeoma Ojukwu, of a Federal High Court, Abuja, on an eight-count charge bordering on money laundering to the tune of N8 billion.

They were initially arraigned before Justice Nnamdi Dimgba of a Federal High Court, Abuja on December 17, 2018, shortly after which the judge was transferred out of Abuja to the Delta Division of the Court. The case was thus re-assigned to Justice Ojukwu, necessitating the need for their re-arraignment.

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 the charges.

Wole Olanipekun, SAN lead defence counsel applied that the Court allow the defendants to continue on the bail terms earlier granted them by Justice Dimgba.

Counsel for the EFCC, Suraj Saeda, SAN noted that the defendant had been attending court as expected, and had not jumped bail, adding that, “we have no objection to deny them bail on the condition imposed by Justice Dimgba.”

Justice Dimgba had admitted them to bail in the sum of N50 million with two sureties each in like sum, who may be either civil servants of not less than the rank of Assistant Director or be private business men or professionals provided that one of the sureties is 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, adding that, “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”.

Justice Ojukwu, thereafter granted them bail as requested and adjourned to July 2, 2019.

Source: https://ngg.ng/2019/05/28/alleged-n8bn-fraud-efcc-re-arraigns-skye-bank-chair-ayeni-md-oguntayo/

IT IS ONE THING TO RISE TO THE TOP AND ANOTHER THING TO REMAIN AT THE TOP.

IT TAKES DISCIPLES, HONESTY AND HARDWORK TO REMAIN AT THE TOP.

The way our boardroom CEO are messing themselves up is worrisome.

post=78785585:
Okay then. Noted.....

U ruled of 'Man'...why?

Nigeria need revolution

jayextra:
U ruled of 'Man'...why?

Okay,
Call us whatever you are comfortable with Chris.
We are simply we!
Have a nice day!

Thieves everywhere. May God help us.


Meanwhile, check my signature to book an eatery tutor.

joeyes:
if you know what went down in skye bank you would be amazed. the likes of tinubu and his boys would come with bullion vans to carry morning in the night. money was much zapped like pure water from skye bank. chai

Fear God!

Ayeni is a through-breed PDP guy. He made his money during PDP locust years.

He single handedly donated 1Billion Naira for the construction of PDP secretariat and was among those that bankrolled GEJ re-election campaign.

He’s travail started because there is no free money any longer when the PDP lost in 2015.

This is a typical example of those that made their money in the corridors of power.

He got so greedy and he’s a thief that nearly collapsed or even collapsed Skye Bank.

OK na these people make the bank fall ba?

Just because Tony Ayeni was spotted with Atiku in nassarawa after PDP victory, all of a sudden Efcc rearraigns him again.

Sweet



I build websites and I am based in Abuja, see my signature

post=78785407:

We have fraudsters and thieves in every tribe in Nigeria.
Don't tribalise this Jay.

Let us all SAY NO TO TRIBALISM, we beg of you!

Well done!

Joromi12:
Ayeni has over 100 companies in nigeria. He buys the companies. Take loans and declares dividend which are paid from the loans. Very greedy useless pig of a man

Please explain the bolded