Connect with us

FEATURED

Alleged N4.5bn Fraud: Court Adjourns Ayeni’s Trial Till Oct 10

Published

on





Justice Valentine Ashi of the Federal Capital Territory, FCT, High Court, Apo, Abuja, on June 24, 2019, adjourned till October 10, 2019, for continuation of trial of the former Chairman of Skye Bank Plc, Tunde Ayeni in alleged N4.5billion fraud charge brought against him by the Economic and Financial Crimes Commission, EFCC.

Ayeni is being prosecuted on criminal breach of trust to the tune of N4, 597,500,000 (Four Billion, Five Hundred and Ninety Seven Million, Five Hundred Thousand Naira, Only).

The ex-bank Chief is facing trial along with one Timothy Ajani Oguntayo, for allegedly conspiring at different times to fraudulently divert depositors’ funds domiciled at Skye Bank Plc for personal use.

Advertisement

One of the charges read: “That you, Tunde Ayeni, whilst being the Chairman, Board of Directors of the defunct Skye Bank Plc and Timothy Ajani Oguntayo, while being the Managing Director, MD of the defunct Skye Bank Plc on or about October 16, 2014 at Abuja within the jurisdiction of this Honourable Court, whilst being officers of the defunct Skye Bank Plc entrusted with property, to wit; depositors funds in the defunct Skye Bank Plc’s Suspense Account, committed criminal breach of trust in respect of the sum of  N1,000,000,000 (One Billion Naira) and thereby committed an offence contrary to and punishable under Sections 311 and 312 of the Penal Code.”

According to EFCC’S Head, Media and Publicity, Tony Orilade in a statement at Monday’s proceedings, the lead defence counsel, Wole Olanipekun, SAN, prayed for an adjournment to enable the defendant interface with the prosecution for the parties involved to make reconciliation easy.

“My lord, the defendant is taking sincere and positive step of reconciliation of the issues arising from the transaction leading to this charge. My Lord, we owe a duty to inform the court and at the same time ask for time for reconciliation in the interest of the state, as well as the defendant. Therefore, our humble application is for adjournment for this matter, while the first defendant continue to interface with the prosecution and every party involved to make the reconciliation work”, he said.

Advertisement

Earlier, the court took EFCC’s application on why the Commission refused to release the first defendant’s international passport. According to the prosecution counsel, Siraj Saeda, SAN, there is an ongoing investigation on the matter.

After listening to both counsels, Justice Ashi, ordered the EFCC to submit the defendant’s international passport to the Court Registrar within 48 hours of ruling and thereafter, adjourned the case to October 10, 2019, for continuation of hearing.

Advertisement
NEWS20 hours ago

Ned Nwoko’s Sports University Announces Admission for 2025/2026 Academic Session

FEATURED24 hours ago

Tinubu Hosts Ibori, Igbinedion, Other Class of 1999 Governors in Aso Rock Villa

Profiled
FEATURED1 day ago

EFCC Uncovers Massive Scam Using Fake Airline Discounts, Reveals How Scammers Use ‘Promo’ Offers to Hijack Accounts

FEATURED1 day ago

Kano TikToker, Musician Jailed for Naira Abuse

FEATURED1 day ago

Ex-NHIS Boss,Femi Thomas, BDC Operator Convicted For $2,198,900.00 Fraud in Lagos

COMMUNITY REPORT1 day ago

DOPF Hails Delta Assembly on Passage of Community Security Bill, Urges Governor’s Swift Assent

FEATURED1 day ago

13% Derivation: N’Delta Leader, Okirika Hails Sen. Nwoko’s Push for Direct Allocation to Host Communities

FEATURED1 day ago

Delta Transfers Otor-Udu General Hospital to FG for FMC Establishment

stashed away
FEATURED1 day ago

Court Jails Man for Vandalising Delta Govt Property, to Clean Court Premises for One Year

FEATURED2 days ago

Delta Police Arrest 184 Suspected Internet Fraudsters, Busts Notorious Kidnap Gang

FEATURED2 days ago

Senator Nwoko Joins APC Leaders at Key NEC Meeting, Signals Delta’s Growing Political Influence

COMMUNITY REPORT2 days ago

WABMA Foundation, Partners Launch School-Based SGBV Sensitization Across Southeast

oil spill
FEATURED2 days ago

Senator Nwoko-led C’ttee Intensifies Moves to Expose and Dismantle Illicit Oil Theft Networks

FEATURED2 days ago

Controversy as PENGASSAN, NUPENG, Disrupt Academy Activity in FUPRE Despite Court Judgment Prohibiting Petroleum-based Unions

OPINION2 days ago

ANIOMA STATE: A BRIDGE OF UNITY AND BALANCE FOR THE SOUTHEAST AND NIGERIA, BY CHARLES UDE

Advertisement
Advertisement