Since the former Chairman of Skye Bank, Tunde Ayeni, left the banking industry, he has seemingly been involved in one controversy or another, such that many marvel at his strength and conviction to endure such battles.There was a time when he ruled his world as a professional in the nation’s financial sector. At a relatively young age, he made waves in the banking industry and controlled major shares in many financial institutions, as well as other sectors of the economy.
In 2011, Ayeni became Chairman of Skye Bank, now known as Polaris Bank, following the merger of five banks, including Bond Bank, which he founded in 2000.
Sadly, he began to experience a kind of antithesis in his flourishing career, following the order by the Central Bank of Nigeria (CBN) to the management of Skye Bank.
The order came on the heels of an alleged cash liquidation of the bank. He was, therefore, sacked alongside other top management of the bank.
Since the unfortunate development, many have called for his head, following the way he allegedly ran the bank until it was rescued by the apex bank.
Although no court of law has pronounced him guilty on the allegations, it appears his seeming headache has not abated in any way.
Apart from the pain in the banking industry, the billionaire businessman is also engaged in several wars with his numerous mistresses. Just as many have thought that the hullabaloo about his troubled tango with Adaobi Alagwu – a relationship he described as the gravest mistake of his life and one that nearly cost him his sanity, dignity, and assets – has died down, it seems that the trained lawyer is moving onto yet another fight with another woman.
As gathered, Ayeni is in court to retrieve a plush apartment in Banana Island, Lagos, from his alleged ex-mistress, Gail Fajembola.
The legal representatives of Olutoyi Estate Development & Services Ltd recently submitted a formal petition to the Inspector General of Police, Mr. Kayode Egbetokun, alleging that the lady unlawfully converted and leased out a luxury apartment located in Banana Island, Lagos.
In the petition dated June 13, 2025, Fajembola was accused of fraudulently taking possession of the property and leasing it to unsuspecting tenants. The petition stated that the apartment was originally granted to Ms. Fajembola strictly on compassionate grounds.
The petition further alleged that Fajembola, through her company—GIF Energy Resources Limited—rented out the apartment for over three years, receiving rental income estimated to exceed 100 million without the knowledge or approval of the rightful owner.
Meanwhile, Fajembola has filed a fundamental rights enforcement suit before the Federal High Court in Lagos, seeking a perpetual injunction restraining Olutoyi Estate Development & Services Ltd, the Inspector General of Police, and four others from arresting, detaining, or harassing her in connection with a civil property dispute.
According to a 10-paragraph affidavit filed alongside the suit, the disagreement stems from a personal relationship between Fajembola and Ayeni, which began in 2016. However, following the breakdown of their relationship, Ayeni and the estate firm allegedly began pressuring her to evict the tenant and hand over the apartment.
Leave a comment