How Did EFCC Nigeria Arrest And Detain Billionaire Tunde Ayeni In December 2018?

Tunde Ayeni from mid 2000s to 2015 lived the high life of a billionaire. At some point, the mogul was chairman of 2 major banks in Nigeria. Tunde Ayeni owned mansions around the world, at least one private jet, many cars and many businesses. The lawyer and business man turned bank chairman was very successful. Then he used his position as bank chairman to covet massive loans that became non-performing loans and crippled a bank. 

Read: Top 3 Financial Atrocities That Killed Skye Bank, Now Polaris Bank Nigeria.

Olatunde Ayeni Nigeria

Tunde Ayeni has been on the most wanted list of Economic and Financial Crimes Commission (EFCC) of Nigeria since 2015. His wealth and political relationships shielded him from prosecution up until December 2018. The 2019 elections fast approaching, has prompted EFCC’s recent bold anti-corruption sweeps. EFCC collaborated with Assets Management Corporation of Nigeria (AMCON) and Nigerian Deposit Insurance Company (NDIC) to obtain a warrant for Tunde Ayeni’s Arrest. 

In addition to the non-performing loans he secured that killed Skye Bank, Tunde Ayeni is also accused of financial fraud related to the 2015 presidential elections in Nigeria. Read: Who Is Nnamdi Okonkwo? Why Is He Charged For Financial Crimes Alongside Africa’s Most Corrupt Woman

With the recent clampdowns, EFCC is on course to recoup upwards of 1 Trillion Naira from corrupt dealings that occurred during the era of Goodluck Jonathan and Diezani Alison Madueke.


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