The Economic and Financial Crimes Commission (EFCC) has arrested businessman and former chairman of the defunct Skye Bank Plc, Tunde Ayeni, in connection with a suspected multi-billion naira fraud.
Ayeni was reportedly apprehended in Abuja and remains in EFCC custody while investigations are ongoing.
The anti-graft agency is probing allegations involving the diversion and mismanagement of funds totaling about N36.5 billion and $30 million. The funds are believed to have been sourced from Polaris Bank Plc through companies linked to him.
More details are expected as the investigation unfolds.