An alleged multi-billion naira scam led to the arrest of businessman Tunde Ayeni by the Economic and Financial Crimes Commission (EFCC). Ayeni was the chairman of the now-defunct Skye Bank Plc.
According to reports, the EFCC apprehended Ayeni in Abuja, and he is currently being held in custody while the investigation is ongoing.
The EFCC is looking into allegations of $30 million in misappropriation and N36.5 billion in diversion.
It is alleged that he got the sum from Polaris Bank Plc through entities associated with him.