The Economic and Financial Crimes Commission (EFCC) has taken into custody businessman and former chairman of the defunct Skye Bank Plc, Tunde Ayeni, over an alleged large-scale fraud.
Ayeni was reportedly arrested in Abuja and remains in the custody of the anti-graft agency as investigations continue.
The commission is probing claims of diversion and misappropriation of funds put at about N36.5 billion and $30 million.
The funds are alleged to have been sourced from Polaris Bank Plc through firms said to be linked to the former bank chairman.
Further details on the case are expected as the investigation progresses.
