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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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MAN BAGS FIVE YEARS IMPRISONMENT TODAY IN LAGOS FOR N30M FRAUD.{PHOTO}.

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Image may contain: 1 person, suit                Justice J.E. Oyefeso of the Lagos State High Court sitting in Ikeja, Lagos has convicted and sentenced a businessman, Segun Oyekanmi, Managing Director, Loben Investment Co-operative Multi-purpose Society Limited, to five years imprisonment for N30million fraud. The convict alongside his company and one Ade Bosede ( still at large) had been arraigned on October 26, 2016 on a three-count charge bordering on stealing, conspiracy to steal and issuance of dishonoured cheques to the tune of N30 million. The convict had collected the sum of N30m (Thirty Million Naira) from one Olufunke Dada, with an assurance that he wanted to give it to some traders as soft loans with interest.Image may contain: 1 person, suit

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