Tunde Ayeni, the former chairman of the defunct Skye Bank Plc, has been remanded at the Kuje Correctional Centre in Abuja following his arraignment at the Federal Capital Territory (FCT) high court on Monday. He faces a 17-count charge of money laundering involving approximately N8 billion, as filed by the Economic and Financial Crimes Commission (EFCC). Ayeni pleaded not guilty to the charges, and the EFCC's counsel requested a trial date while seeking to keep him in custody until then. The defense, represented by Ahmed Raji, submitted a bail application and requested a short adjournment for its hearing, which the trial judge, Jude Onwuegbuzie, scheduled for May 13. Ayeni was arrested on April 24 as part of an investigation into the alleged diversion of funds totaling N36.5 billion and $30 million from Polaris Bank Plc, linked to various companies associated with him.
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