EMEFIELE: FINANCE MINISTRY UNAWARE OF N124.86BN CBN WITHDRAWAL, WITNESS TELLS COURT. (PHOTO). #PRESS RELEASE

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 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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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...
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FEDERAL GOVERNMENT BANS CONFERENCE BAGS,SOUVENIRS ETC DURING WORKSHOP & SEMINARS.

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                  It was reported today sunday that the Federal Government has banned the procurement and distribution of conference bag,T-shirts and other souvenirs at events and activities such as Conferences,Workshops and Seminars organised and funded by Federal Ministries,Departments and Agencies {MDAs}.The new measures were approved by President Muhammadu Buhari following recommendations by the Efficiency Unit of the Federal Ministry of Finance,and conveyed to the Secretary to the Government of the Federation,the Head of the Civil Service of the Federation and the Ministers of Finance and Budget and National Planning,by the Chief of Staff to the President,Alhaji Abba Kyari,for implementation.A statement froom the federal minstry of finance signed by Salsiu Na'Inna Dambatta,Director {Information} said ''The directive is a recognition of the fact tthat in a period of lean financial resources in the face of huge national infrastructural deficit,wasteful and unnecessary expenditure on overheads such as on souvenirs and conference bags were luxuries that the government must eliminate to release funds for infrastructure and services such as health and education that would have direct positive impact on the wellbeing of the citizenry and promote economic development''.One more photo below.                                                                                               

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