The Economic and Financial Crimes Commission (EFCC) on Monday presented its first prosecution witness in the ongoing trial of former Chairman of the Board of Directors of defunct Skye Bank Plc, now Polaris Bank Limited, Tunde Ayeni, over the alleged diversion of N15.6 billion.
Ayeni is facing an 18-count amended charge before Justice Jude Onwuegbuzie of the Federal Capital Territory High Court in Apo, Abuja. The charges border on alleged criminal breach of trust, misappropriation and diversion of funds.
The defendant was initially arraigned on May 4, 2026, on a 17-count charge before being re-arraigned on June 22, 2026, following the EFCC’s filing of an amended charge supported by additional proof of evidence.
At Monday’s proceedings, prosecution counsel, Abba Muhammed, SAN, called the first prosecution witness, Remigus Ugwu, who identified himself as a staff member of Zenith Bank Plc.
Following the witness’s brief testimony, Justice Onwuegbuzie adjourned the matter until July 16, 2026, for the continuation of trial.
