Uncategorized

Ex-Skye bank chief who donated N2bn to PDP campaign to be arraigned for fraud

A former chairman of Skye Bank, Tunde Ayeni, was on Tuesday grilled by the anti-graft commission, EFCC, which plans to arraign him for fraud soon, officials have said.

Mr Ayeni became popular during the Goodluck Jonathan administration where he not only emerged one of the largest donors to the then ruling party, PDP, but also benefitted from some policies of the government.

PREMIUM TIMES reported how Mr Ayeni, as chairman of the PDP fundraising event in December 2014, donated N2 billion. He announced that he was donating N1 billion on behalf of himself and his partner and another billion on behalf of his friends.

Mr Ayeni’s Skye Bank has since 2016 been under the radar of the CBN after the apex bank discovered some “unacceptable corporate governance lapses as well as the persistent failure of Skye Bank PLC to meet minimum thresholds in critical prudential and adequacy ratios, which culminated in the bank’s permanent presence at the CBN Lending Window.”

The focus of the action then was to save depositors’ funds and to ensure that the bank continued as a going concern, being a systemically important bank, Mr Emefiele said.

Skye Bank’s operating license was eventually revoked by the CBN in September this year.

After its operating license was revoked in September, the bank was taken over by the government and renamed Polaris Bank.

Comment here

This site uses Akismet to reduce spam. Learn how your comment data is processed.