The Economic and Financial Crimes Commission on Monday, July 6, 2026, presented its First Prosecution Witness (PW1) before Justice Jude Onwuegbuzie of the Federal Capital Territory, FCT, High Court, Apo, Abuja, in the trial of the former Chairman, Board of Directors, defunct Skye Bank Plc (now Polaris Bank Limited), Tunde Ayeni.
EFCC is prosecuting Ayeni on an 18-count amended charge bordering on
alleged criminal breach of trust, misappropriation and diversion of funds
totaling N15.6 billion.
The defendant was first arraigned on May 4, 2026, on a 17-count charge
and was subsequently re-arraigned on June 22, 2026, after the Commission filed
an amended charge supported by additional proof of evidence.
At Monday's proceedings, the prosecution counsel, Abba Muhammed SAN,
presented PW1, who briefly identified himself as Remigus Ugwu, a staff member
of Zenith Bank.
The matter was thereafter adjourned till July 16, 2026, for continuation
of the trial.
.jfif)
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