N21bn Money Laundering: EFCC Begins Trial Of Ex-Skye Bank Chairman

By: 'Dotun Akintomide
Cat:
Business

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The Economic and Financial Crimes Commission (EFCC) is set to dock Tunde Ayeni, the former chairman of Skye Bank Plc, over alleged laundering of about N21 billion.

He will face trial with a former Managing Director of Skye Bank, Timothy Ajani Oguntayo; Control Dredging Company and Royaltex Paramount Ventures Limited.

The anti-graft agency on Friday filed a 10-count charge against Ayeni and the defendants. Ayeni has been in EFCC custody for about four weeks.

The trial may begin on Monday at a Federal High Court in Abuja.

EFCC said the cash was withdrawn at various times from the Suspense Account of the bank by Ayeni and allegedly doled out to people.

Among the counts is that Ayeni on 24 December 2014 transferred N3 billion from the defunct Skye Bank Plc Suspense Account to the First City Monument Bank Plc account no. 0758662025 of Control Dredging Company Limited.

The anti-graft agency also charged Ayeni for allegedly transferring another N1.25 billion from the defunct Skye Bank Plc Suspense Account to the Skye Bank Plc account no. 1770380476 of Royaltex Paramount Ventures Limited in March 2015.

NDN
'Dotun Akintomide
'Dotun Akintomide
'Dotun Akintomide's journalism works intersect business, environment, politics and developmental issues. Among a number of local and international publications, his work has appeared in the New York Times. He's a winner of the National Youth Service Corps (NYSC) Award. Currently, the Online Editor at The New Diplomat, Akintomide has produced reports that uniquely spoke to Nigeria's experience on Climate Change issues. When Akintomide is not writing, volunteering or working on a media project, you can find him seeing beautiful sites like the sandy beaches that bedecked the Lagos coastline.

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