The Economic and Financial Crimes Commission has arrested businessman and former Skye Bank chairman, Tunde Ayeni, over alleged financial misconduct involving ₦36.5 billion and $30 million.

Arrest in Abuja

Ayeni was reportedly picked up in Abuja on Thursday and is currently in EFCC custody as investigations continue into the matter.

Sources familiar with the case said the arrest is linked to an ongoing probe into alleged financial dealings connected to Polaris Bank Plc.

Probe focuses on fund diversion

According to the report, the anti-graft agency is investigating the alleged diversion and misappropriation of funds said to have been obtained through companies linked to the former bank chairman.

The funds are suspected to have been moved through a network of corporate entities allegedly associated with him.

Investigation ongoing

While details of the case remain limited, sources indicated that the EFCC is examining the flow of funds and the roles played by the entities involved.

The development adds to ongoing scrutiny of financial activities within Nigeria’s banking sector, as authorities continue efforts to tackle economic crimes.

The case is already gaining traction in latest Nigerian news and breaking news Nigeria today as Nigerians await further updates from the EFCC.