EFCC to arraign former Skye Bank chairman who donated N2bn to PDP campaign

Ayeni was the chairman of the PDP fundraising event in December 2014 where he donated N2 billion

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, Premium Times reports.
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.

According to Premium Times, Ayeni was the chairman of the PDP fundraising event in December 2014 where he 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 Central Bank of Nigeria (CBN) in September.

After its operating license was revoked in September, the bank was taken over by the government and renamed Polaris Bank.