Alleged N456.6 Fraud: Court grants ex-Skye Bank Chairman Tunde Ayeni, MD Oguntayo N500m bail each

Alleged N456.6 Fraud: Court grants ex-Skye Bank Chairman Tunde Ayeni, MD Oguntayo N500m bail each

Posted on March 7, 2019 Authornewsheadline247

An Abuja High Court sitting in Apo on Wednesday granted bail to a former Chairman, Board of Directors and Managing Director of the defunct Skye Bank PLC now Polaris Bank, Tunde Ayeni, and Timothy Oguntayo in the sum of N500m each. The Economic and Financial Crimes Commission (EFCC) had slammed a four-count charge bordering on

Read more Alleged N456.6 Fraud: Court grants ex-Skye Bank Chairman Tunde Ayeni, MD Oguntayo N500m bail each

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How Ayeni took over N17bn raw cash from Skye Bank (Polaris Bank) in a year – EFCC

How Ayeni took over N17bn raw cash from Skye Bank (Polaris Bank) in a year – EFCC

Posted on March 1, 2019 Authornewsheadline247

Anti-graft agency, the Economic and Financial Crimes Commission (EFCC) has revealed how a former Chairman of the defunct Skye Bank Plc (now Polaris Bank), Mr Tunde Ayeni, took N17bn raw cash from the Suspense account of the bank between January 1 and December 31, 2014. The EFCC further alleged that Mr. Ayeni received N3.75bn in

Read more How Ayeni took over N17bn raw cash from Skye Bank (Polaris Bank) in a year – EFCC

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Money Laundering Trial: Court Admits Former Skye Bank Chairman, MD to N50m Bail

Money Laundering Trial: Court Admits Former Skye Bank Chairman, MD to N50m Bail

Posted on December 18, 2018 Authornewsheadline247

A Federal High Court in Abuja Monday admitted former Chairman of the Board of rested Skye Bank Plc now Polaris Bank, Dr Tunde Ayeni, and the Managing Director of the Bank Timothy Oguntayo to bail in the sum of N50 million each. Both Ayeni and Oguntayo were arraigned before Justice Nnamdi Dimgba by the Economic

Read more Money Laundering Trial: Court Admits Former Skye Bank Chairman, MD to N50m Bail

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Uncovered! Skye Bank Plc’s directors allegedly caught in web of multiple frauds

Uncovered! Skye Bank Plc’s directors allegedly caught in web of multiple frauds

Posted on November 14, 2018 Authornewsheadline247

Following the withdrawal of its licence by the Central bank of Nigeria (CBN), the preliminary reports of the ongoing investigations of the management of the defunct Skye Bank Plc have revealed hidden serial fraudulent activities allegedly covered by the management team to deceive the regulators. It was gathered that the reports identified fraudulent and false

Read more Uncovered! Skye Bank Plc’s directors allegedly caught in web of multiple frauds

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How Tunde Ayeni Secured Multi-Billion Naira Loan for Revival of Moribund NITEL, Yola Disco

How Tunde Ayeni Secured Multi-Billion Naira Loan for Revival of Moribund NITEL, Yola Disco

Posted on September 28, 2018 Authornewsheadline247

BEFORE WE CRUCIFY TUNDE AYENI…-  By Obafemi Ajayi It wouldn’t be hyperbolic to say that Dr. Tunde Ayeni has a patriot’s heart and the soul of a revolutionary. This is to assert the fidelity and stoic perseverance of the genius within the footholds of power and a troubled oil sector. Yes, despite his exit from Skye

Read more How Tunde Ayeni Secured Multi-Billion Naira Loan for Revival of Moribund NITEL, Yola Disco

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Nigeria’s Central Bank revokes Skye Bank’s licence, Polaris Bank takes over

Nigeria’s Central Bank revokes Skye Bank’s licence, Polaris Bank takes over

Posted on September 21, 2018 Authornewsheadline247

The Central Bank on Nigeria (CBN) has announced the withdrawal of the operating licence of Skye Bank. Chairman of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim made this known to journalists on Friday. Umaru disclosed that the NDIC in collaboration with the Central Bank of Nigeria (CBN) has approved that a bridge bank will be

Read more Nigeria’s Central Bank revokes Skye Bank’s licence, Polaris Bank takes over

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Report: Patience Jonathan’s $15.5m stolen from govt, agencies-EFCC

FEATURED, NEWS
Report: Patience Jonathan’s $15.5m stolen from govt, agencies-EFCC
January 2, 2018

The Economic and Financial Crimes Commission (EFCC) has told the Federal High Court in Lagos that former First Lady Patience Jonathan could not have genuinely earned the $15.5million which she claims ownership of.

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CONTINUE READING Report: Patience Jonathan’s $15.5m stolen from govt, agencies-EFCC

At the mercy of Skye Bank! Intrigues as customers are unable to withdraw money from the bank

As Yuletide approaches, bank leaves clients stranded and without cash

The Capital NG  The proverbial good ending remains ever elusive to Skye Bank, like the fabled golden fleece coveted by all yet attainable by only a paltry few. As you read, customers of the new generation bank are at the receiving end of an insidious banking culture and what amounts to betrayal and breach of trust in business parlance.

Skye Bank Didn't Take Over OBAT Oil - Management

The attention of the management of Obat Oil & Petroleum has been drawn to the fictitious report making round in the Newspapers and social media about a purported takeover of the company by Skye Bank. 

We hereby refute the report and state categorically that there was no such incident.

The men who would betray Patience Jonathan

• Proxies and business associates develop cold feet as EFCC swoops on former first lady
• Why they are planning to approach the EFCC to negotiate ‘soft landing’

Those who summon the storm must never cringe from a storm cloud. But having beckoned the storm, Patience Jonathan cringes from its ravage like a spaniel fleeing the gusts of a snowstorm. While her husband, Goodluck Jonathan, was President, Patience wore chaos like a crown and stirred the hornet’s nest with reckless abandon. 

Akpabio in trouble: EFCC to seize his properties over N108bn fraud

The Economic and Financial Crimes Commission is intensifying investigation on ex-Governor of Akwa Ibom State, Sen. Godswill Akpabio.

The EFCC is investigating allegations that the former governor embezzled N108bn during his tenure between 2007 and 2015.

The Bola Tinubu factor…Why he installed Tokunbo Abiru as Skye Bank’s new MD

• Making sense of the APC leader’s far reaching influence
• His other notable exploits as a Kingmaker

There is no gainsaying Bola Tinubu’s influence; be it in politics or the country’s business circuit, the national leader of the All Progressives Congress (APC), looms large in the nation’s psyche, as the galaxy’s Milky Way above stratus-cumulus clouds. 

As the clouds and blue expanse of the skies arouse questions about their vastness in every curious heart, Bola Tinubu provokes inquiry and endless streams of speculations about the limits and otherwise of his affluence. At the backdrop of claims and counter-claims about the vastness and quality of his character and political affluence, fresh rumours emerge to buttress claims of the invincibility and influence of the two-time governor of Lagos.

Skye Bank tsunami…Panic grips Diamond, Heritage, First Bank as EFCC investigates banking sector

 

The centre refuses to hold for Nigerian bankers. Panic invades the nation’s banking halls as you read. It runs major financial institutions’ board rooms and moneyed lounges amok, leaving a miasma of fear in its wake.

As you read local bank chiefs are jittery and terrified of being caught in the dragnet of the Economic and Financial Crimes Commission (EFCC). Many of them became restless soon after the Central Bank of Nigeria (CBN), replaced the Tunde Ayeni-led Board and management team of the bank.

CBN HAMMER ON SKYE BANK: WHY EXPERTS ARE WORRIED

Financial industry watchers have continued to ponder over the sudden resignation of the key Board members of Skye Bank and the appointment of new ones by the Central Bank of Nigeria and the verdicts of top level bankers is that the development portends a dangerous and disturbing signal for the financial industry.