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Alleged ₦15.66bn Fraud: Ex-Skye Bank chairman remanded in Kuje prison
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A High Court of the Federal Capital Territory (FCT), sitting at Apo, on Monday remanded a former Chairman of the Board of Directors of the defunct Skye Bank Plc, Tunde Ayeni, in prison custody over his alleged involvement in a N15.665 billion fraud.
The remand followed his arraignment on a 17-count charge preferred against him by the Economic and Financial Crimes Commission (EFCC).
Though the defendant pleaded not guilty to the charge, trial Justice Jude Onwuzuruike held that he should remain in Kuje Prison until May 13, when his bail application will be heard.
The charge before the court borders on criminal breach of trust, misappropriation, and conversion of investors’ funds to the tune of N15,665,085,429 (Fifteen Billion, Six Hundred and Sixty-Five Million, Eighty-Five Thousand, Four Hundred and Twenty-Nine Naira).
Justice Onwuzuruike, before adjourning the case, turned down an application by the defence lawyer, Mr. Ahmed Raji (SAN), for the defendant to be released to him or returned to EFCC custody pending determination of the bail application.
He further drew the court’s attention to the fact that his client had been served with a copy of the charge on a public holiday.
Meanwhile, EFCC counsel Mr. Ekele Iheanacho (SAN) hinted that the anti-graft agency would oppose the defendant’s bail request.
The prosecution counsel, while applying for a trial date, urged the court to remand the defendant in a correctional centre.
Some of the counts in the charge against the defendant read: “That you, Tunde Ayeni, whilst being the Chairman, Board of Directors of the defunct Skye Bank Plc between 21st October 2014 and 19th November 2014, at Abuja within the jurisdiction of this Honourable Court and having dominion over depositors’ funds domiciled in the defunct Skye Bank Plc’s Suspense Account, committed criminal breach of trust when you dishonestly misappropriated the aggregate sum of Three Billion, Two Hundred and One Million, Five Hundred and Thirty-Five Thousand, Four Hundred and Twenty-Nine Naira, Forty-Two Kobo (N3,201,535,429.42) by transferring same to Misa Limited’s account Nos: 1011295717 and 1011295718 domiciled with Zenith Bank in violation of the Prudential Guidelines and other regulations and thereby committed an offence contrary to Section 311 of the Penal Code and punishable under Section 312 of the same Act.”
“That you, Tunde Ayeni, whilst being the Chairman, Board of Directors of the defunct Skye Bank Plc on or about 27th November 2014, at Abuja within the jurisdiction of this Honourable Court and having dominion over depositors’ funds domiciled in the defunct Skye Bank Plc’s Suspense Account, committed criminal breach of trust when you dishonestly misappropriated the sum of Five Billion, Seventy-Eight Million, Five Hundred and Fifty Thousand Naira (N5,078,550,000) by transferring same to Union Registrar Limited’s Account No: 0003490559 domiciled with Union Bank in violation of the Prudential Guidelines and other regulations and thereby committed an offence contrary to Section 311 of the Penal Code and punishable under Section 312 of the same Act.”
President Bola Tinubu has asked the senate to approve a constitutional amendment bill seeking to establish state police across Nigeria as part of efforts to strengthen the country’s security architecture.
The request was contained in a letter dated June 15, 2026, and read on the floor of the senate on Tuesday by Godswill Akpabio.
In the correspondence, Tinubu said the proposed Constitution of the Federal Republic of Nigeria (Alteration) State Police Bill, 2026, seeks to amend the 1999 constitution to provide a legal framework for the creation of state police services.
The president said the bill is designed to address Nigeria’s evolving security challenges by introducing a dual policing structure that would allow both federal and state policing systems to operate within a constitutional framework.
According to him, the proposal builds on previous legislative efforts by both chambers of the national assembly and contains additional safeguards to ensure effective implementation.
“This bill builds on the significant work already done in this regard by the House of Representatives and the Senate, and incorporates additional safeguards to ensure that the creation of a dual policing structure to address our nation’s evolving national security challenges, will be achieved quickly and effectively to the benefit of all Nigerians,” Tinubu said.
The president described the proposed legislation as a key component of his administration’s broader plan to reform Nigeria’s security system and improve the protection of lives and property.
“The proposed legislation is a critical component of our administration’s strategy to reorganize Nigeria’s security architecture to better protect our citizens, and I’m confident that the Senate will act quickly to consider and pass this bill,” he added.
Read Also: Amnesty International Demands Immediate Release of Omoyele Sowore, Condemns Detention
Tinubu urged lawmakers to give the proposal expeditious consideration.
Following the reading of the letter, Akpabio referred the bill to the senate committee on constitution review for further legislative action.
The committee was directed to report back to the chamber on the next legislative day.
The Nigerian Senate has fixed Wednesday for the passage of the state police bill.
The lawmakers had cut short their recess to consider the bill, which seeks to amend the 1999 Constitution and decentralise Nigeria’s policing system in response to worsening security challenges
President Bola Tinubu on Tuesday transmitted an executive version of the bill to the Senate through a letter dated June 15, 2026.
The proposed legislation seeks to establish a dual policing system in which federal and state police forces operate alongside each other.
At the plenary on Tuesday, Senate President Godswill Akpabio described the proposal as a key step towards restructuring Nigeria’s security framework.
The proposed legislation was immediately referred to the Senate Ad Hoc Committee on Constitution Review, chaired by Deputy Senate President Barau Jibrin, which is expected to present its report for consideration and voting.
Akpabio called on senators to be present for the exercise, stressing the need for broad support to secure its passage.
“Every senator should endeavor to come tomorrow to be part of this exercise.
“We are going to be live tomorrow and your constituents will be seeing what you are doing,” he added.
The Independent National Electoral Commission, INEC, has presented Certificates of Return to candidates who emerged victorious in the by-elections conducted on June 20, 2026, across Rivers, Enugu, Nasarawa, Ondo and Kano States.
This was disclosed in a statement issued by the electoral commission.
According to INEC, the certificates were presented on behalf of the Commission’s Chairman, Prof. Joash Amupitan, SAN, by the Supervising National Commissioner for Rivers State, Mrs May Agbamuche-Mbu.
Speaking during the presentation, Agbamuche-Mbu congratulated the successful candidates and urged them to prioritise the interests of the people they were elected to represent.
“The most important responsibility before you is to represent your constituents well,” Agbamuche-Mbu said.
The National Commissioner also reminded the winners of the expectations placed on them by voters and encouraged them to serve with diligence and commitment.
INEC further disclosed that Certificates of Return would also be presented to winners of other recently concluded elections, including the Zuru State Constituency election in Kebbi State and the governorship election in Ekiti State.
INEC said the presentation of the certificates followed the conclusion of the bye-elections conducted on June 20, 2026.
Tinubu Seeks Constitutional Backing For State Police, Writes Senate
State Police: Senate will formally pass Bill on Wednesday
INEC formally confirms winners of by-elections, issues certificates of return
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