A high court of the Federal Capital Territory (FCT) sitting in Apo has fixed May 25 to rule on the bail application filed by Tunde Ayeni, who is standing trial over an alleged N15.6 billion fraud case.
Gatekeepers News reports that Ayeni, a former chairman of the board of the defunct Skye Bank, was arraigned by the Economic and Financial Crimes Commission (EFCC) on a 17-count charge bordering on alleged criminal breach of trust, misappropriation, and conversion of investors’ funds amounting to over N15.6 billion. He pleaded not guilty to all charges.
During Wednesday’s proceedings, Ayeni’s lawyer, Dele Adesina (SAN), urged the court to grant his client bail, arguing that the anti-graft agency had earlier approved administrative bail before the court ordered his remand. The defence also maintained that the alleged offences are bailable and that Ayeni remains innocent until proven guilty.
However, prosecution counsel G.I. Inde opposed the application, telling the court that the EFCC had filed counter-affidavits challenging the request for bail.
Justice Jude Onwuegbuzie subsequently adjourned the matter until May 25 for ruling on the bail application.
