Nigeria, June 23 -- The Economic and Financial Crimes Commission (EFCC) on Monday re-arraigned a former Chairman of the Board of Directors of defunct Skye Bank Plc, Tunde Ayeni, before the FCT High Court in Abuja for alleged N15.6 billion fraud.

The EFCC earlier arraigned Mr Ayeni on 4 May on 17 counts and ordered his remand in June Correctional Centre in Abuja.

However, the charges were subsequently amended to 18 based on additional evidence, prompting the defendant's re-arraignment on Monday.

The anti-graft agency accused Mr Ayeni of criminal breach of trust, misappropriation, and diversion of funds domiciled in defunct Skye Bank Plc (now Polaris Bank Limited).

Mr Ayeni pleaded guilty to all the allegations.

According to the charge...