The Economic and Financial Crimes Commission (EFCC) has arrested businessman and former chairman of the defunct Skye Bank Plc, Tunde Ayeni, over an alleged multi-billion naira fraud.
Ayeni was reportedly apprehended in Abuja and is currently in EFCC custody as investigations continue.
The commission is probing the alleged diversion and misappropriation of funds estimated at N36.5 billion and $30 million.
The funds are said to have been sourced from Polaris Bank Plc through companies linked to him.