The Economic and Financial Crimes Commission (EFCC) has arrested Tunde Ayeni, former board chairman of the defunct Skye Bank Plc, over allegations of money laundering and diversion of N36.6 billion and $30 million. Ayeni was taken into custody in Abuja on Thursday and is currently being questioned by the anti-graft agency, according to a source familiar with the investigation. The funds in question were reportedly obtained as loans from Polaris Bank Plc by 12 companies linked to Ayeni, intended for specific projects including marine security, electricity distribution, and estate development. However, investigators allege the money was rerouted to the acquisition of NITEL/MTEL assets through the NATCOM account. The source stated that the loans were depositors' funds fraudulently accessed and used for purposes unrelated to their original intent. The EFCC confirmed Ayeni's arrest through its spokesperson, Dele Oyewale, who declined to provide additional information. Ayeni remains in EFCC custody as investigations continue. He is expected to be arraigned in court once the investigative phase concludes.
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