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Fraud

May 4, 2025

FRN vs. Tunde Ayeni (Former Chairman of Board of Directors of Skye Bank Plc) & 3 others

Humans

Tunde Ayeni
& 3 others

Money bag

N25,415,080,000.00
Amount allegedly defrauded

Money bag

Case Summary
The accused persons allegedly conspired at different times to fraudulently divert depositors’ funds domiciled at the defunct Skye Bank Plc.

Calendar

2,250
Day(s) since arraignment

Gavel

Case Update
The defence counsel applied for an adjournment to avail the defendants the opportunity to conclude the out-of-court settlement agreement between them, the EFCC and Central Bank of Nigeria (CBN). The counsel told the court that the settlement has reached a very advanced state and the first defendant has come out with a roll-on plan to inject the sum of $300 million into his business, and as such, the out-of-court settlement will be sorted out because it is a huge amount of money.

Court house

Hon. Justice I. L. Ojukwu
Federal High Court, Maitama, Abuja

Legislation

ACJA/ACJL Compliance - violated

Case Information
Tunde Ayeni & 3 others
Presiding Judge & Designated Court
Hon. Justice I. L. Ojukwu, Federal High Court, Maitama, Abuja
Nature and Number of Charges
10-count charge bordering on money laundering.
Date of 1st Arraignment
Mar 7, 2019
Summary of Case
The accused persons allegedly conspired at different times to fraudulently divert depositors’ funds domiciled at the defunct Skye Bank Plc.
Defendant(s) and Plea entered on Arraignment
1. Tunde Ayeni (Former Chairman of Board of Directors of Skye Bank Plc) – Not guilty
2. Timothy Ajani Oguntayo – Not guilty
3. Control Dredging Company Ltd (Company) – Not guilty
4. Royaltex paramount Ventures Ltd, (Company) – Not guilty
Defence Counsel(s)
1. Wale Akonni (Senior Advocate of Nigeria)
2. Dele Adesina (Senior Advocate of Nigeria)
Prosecuting Agency
Economic and Financial Crimes Commission
Prosecutor(s)
1. Abba Mohammed (Lawyer)
Status of Case
On Trial
Stage of Trial
Prosecution Stage
Length of Trial
2,250 day(s)
Case Update
The defence counsel applied for an adjournment to avail the defendants the opportunity to conclude the out-of-court settlement agreement between them, the EFCC and Central Bank of Nigeria (CBN). The counsel told the court that the settlement has reached a very advanced state and the first defendant has come out with a roll-on plan to inject the sum of $300 million into his business, and as such, the out-of-court settlement will be sorted out because it is a huge amount of money.
ACJA/ACJL Compliance
Violated