Chairman of Skye Bank Plc, Mr. Tunde Ayeni, has made another big expenditure even as controversy continues to trail his recent massive cash slash.

Ayeni has been in the news since Saturday, December 20, when he donated N2 billion to President Goodluck Jonathan’s 2015 campaign fund. Ayeni, who was chairman of the fund-raising exercise, had announced that he was donating N1 billion on behalf of himself and his partner and another billion on behalf of his friends.

The big donation came shortly after he led a consortium to buy the former national carrier, NITEL, and its mobile subsidiary, MTEL, for a fee of ….

Ayeni’s latest exploit is the purchase, along with some partners, of Ascot Offshore Nigeria Limited for an estimated N16 billion ($95.24 million) from the Asset Management Corporation of Nigeria (AMCON).

A THISDAY report this morning said the deal was struck by a consortium that has the Pan African International (PAI) Group as senior partner. It quoted a senior official of AMCON as c onfirming yesterday that “the deal was closed recently when the PAI Group paid N16 billion for 95 per cent of the equity interest in Ascot.”

PAI Group was founded and is being managed by Mr. Ike Ejizu while Ascot Offshore, an energy services firm once led by Mr. Henry Imasekha, came into prominence in 2007 after its $155.25 million acquisition of Willbros Group Nigeria Holdings from its US parent, Willbros Group.

Ascot was taken over by AMCON following its inability to repay a hefty loan obtained from the defunct Intercontinental Bank.

•Photo shows Skye Bank Chairman, Tunde Ayeni.