A billionaire from Kogi State, Tunde Ayeni, has been detained by the Economic and Financial Crimes Commission for fraud.
Ayeni, who was a former chairman of Sky Bank PLC (now Polaris Bank), would be arraigned for fraud running into billions of naira.
Particularly, the EFCC will charge him for mismanaging the funds of the bank which almost led to its collapse.
Confirming the arrest, the acting Spokesman for the EFCC, Mr. Tony Orilade, said Ayeni was grilled by detectives.
“I can confirm that he is in our custody. More information will be released tomorrow,” he said.
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