EMEFIELE: FINANCE MINISTRY UNAWARE OF N124.86BN CBN WITHDRAWAL, WITNESS TELLS COURT. (PHOTO). #PRESS RELEASE
Emefiele: Finance Ministry Unaware of N124.86bn CBN Withdrawal, Witness Tells Court A Director in the Federal Ministry of Finance, Ali Mohammed, on Tuesday, October 6, 2026, told the Federal Capital Territory, FCT High Court sitting in Maitama, Abuja, that the Ministry was not aware of the withdrawal of N124.86 billion from the Central Bank of Nigeria, CBN. Mohammed, who testified as the prosecution witness 10, PW10, in the ongoing trial of the former CBN Governor, Godwin Emefiele, disclosed this while being led in evidence by the prosecution counsel, Abbas Mohammed. The witness said he appeared before the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN. Explaining his position and responsibilities in the Ministry, Mohammed said, “My Lord, the Department of Home Finance is made up of three functions based in three divisions, that is State and Public...
Lagos State Governor,M Akinwunmi Ambode yesterday thursday received a donation of N10 million from the Lebanese Nigerian Initiative {LNI} for the State Security Trust Fund,charging the body to continue to do more for the State.The Governor,who spoke at the Lagos House,Ikeja when he received the Chairman and the directors of the LNI through the Secretary to the State Government,Mr Tunji Bello thanked the group for the initiative,adding that a lot could still be done for the State in that regard.He said ''Particularly in the field of security,there is still a lot you can still do for us.without the efforts of people like you and others in the past,Lagos would not have been where it is today in terms of maintenance of peace and security''.The Governor added that with the business pedigree of each of the members of the LNI,the present administration is deeply appreciative of their contribution which,according to him,is a good initiative.He said the issue of security cannot be left alone for government to handle and that this was one of the reasons that informed the clarion call to members of the organized private sector to join the State Goverment in ensuring that the people can sleep with their two eyes closed.Speaking earlier,the Chairman of the Lebanese Nigerian Initiative {LNI},Mr Faysai El-Kalil said the members of the Lebanese community have been in Nigeria for over a century doing legitimate business.He said the members are,through the latest gesture,demonstrating a reassurance of their commitment to the determination of the present administration to keep criminals at bay permanently.Mr ElKahalil said the donation was about how the members of the Lebanese community can give back to the Nigerian and Lagos community which they have been operating for long.He said in addition to the security initiative,the LNI has also embarked upon a project towards investing in education by creating an endowment fund in the American University in Beirut where specified number of Nigerians would be beneficiaries.Meanwhilee,the State Government,through the LSSTF,yesterday thursday donated 100 hundred level four bullet proof vests and ballistic helmets to the State Command of Nigerian Police.Speaking during the donation which was received by the Lagos State Commissioner of Police,Mr Fatai Owoseni,Executive Secretary of LSSTF,Dr. Abdulrazak Balogun said the massive support to security agencies in the State was part of the strategy of Governor Akinwunmi Ambode-led administration at ensuring a safe,secure and prosperous state.One more photo below. 
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