Alleged N15.6bn fraud: EFCC presents first witness against Tunde Ayeni

The Economic and Financial Crimes Commission on Monday, July 6, 2026, presented its First Prosecution Witness (PW1) before Justice Jude Onwuegbuzie of the Federal Capital Territory, FCT,  High Court, Apo, Abuja, in the trial of the former Chairman,  Board of Directors, defunct Skye Bank Plc (now Polaris Bank Limited), Tunde Ayeni.

EFCC is prosecuting Ayeni on an 18-count amended charge bordering on alleged criminal breach of trust, misappropriation and diversion of funds totaling N15.6 billion.

Head, Media & Publicity, Dele Oyewale, on Monday, 6 July 1016, said the defendant was first arraigned on May 4, 2026, on a 17-count charge and was subsequently re-arraigned on June 22, 2026, after the Commission filed an amended charge supported by additional proof of evidence.

At Monday’s proceedings, the prosecution counsel, Abba Muhammed SAN, presented PW1, who briefly identified himself as Remigus Ugwu, a staff member of Zenith Bank.

The matter was thereafter adjourned till July 16, 2026, for continuation of the trial.