Ayeni was arraigned along with Timothy ajani Oguntayo, for allegedly conspiring at different times to fraudulently divert depositors funds domiciled at Skye bank Plc to personal use.
One of the counts reads...
" that you, Tunde Ayeni, whilst being chairman, board of directors of the defunct Skye bank Plc and Timothy Ajani Oguntayo, while being the MD, of th defunct Skye bank Plc on or about October 16, 2014, at Abuja within the jurisdiction of this honourable court, whilst being bankers entrusted with property, to wit : depositors fund in Skye bank Plc's suspense account, committed criminal breach of trust in respect of the sum of #1,000,000,000 and thereby committed an offence contrary to and punishable under section 315 of penal code"Both suspect pleaded not guilty to the charges. counsel for the first defendant, Dele Adesina SAN, leading the second defendant counsel , wole Olanipelun, SAN , informed The court of their pending bail applications, which was served on the prosecution on December 13, 2018.
The trial judge gave bail of #500 million for each
