Nigeria: Money Laundering - Court Admits Ex-Skye Bank Chairman, MD to N50 Million Bail Each

17 December 2018

A Federal High Court in Abuja on Monday admitted Tunde Ayeni, a former Chairman of the defunct Skye Bank Plc, now Polaris Bank, and a former Managing Director of the bank, Timothy Oguntayo, to bail in the sum of N50 million each.

The Economic and Financial Crimes Commission (EFCC) charged Ayeni and Oguntayo with money laundering, involving N4.75 billion and five million dollars .

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