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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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ALLEGED OIL THEFT,ILLEGAL DEALINGS: EFCC ARRAIGNS NAVAL OFFICER,14 OTHERS TODAY.{PHOTO}.#PRESS RELEASE.

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     The EFCC, Lagos office, today, October 30,
2019 arraigned a Senior Naval Officer, Bola Labinjo with service name as Lt.Cdr S. A. Ibe Lambert and fourteen others
before Justice Hassan of the Federal
High Court, Ikoyi on a two count charge bordering on conspiracy and unlawful dealing on petroleum product, an offence contrary to Section 17(a) and (b) of the Miscellaneous Offences Act Cap M17 Laws of the Federation of Nigeria (Revised Edition) 2004 and punishable under the same Law. Those arraigned alongside Bola Labinjo are:
Jonathan Abaka, Charles Ikemefuna Agaba, Benjamin Gold Gageche, Hamza Yakubu, Emmanuel Oputa, Peter Dung Pulle, Innocent Akpan, Kehinde Labinjo, Pius Mathew Paul, Onoja Musa Emmanuel Adeleke Hamed.
Others are a vessel and two companies namely: M.T. Adeline Jumbo, Global Shipping Activities Bureau Limited and Labland and Sea Services Limted. Six of the defendants; Bola Labinjo, Jonathan Abuka, Ikemefuna Charles Agaba, Benjamin Gold, Hamzat Yakubu and a vessel, M.T. Adeline Jumbo were first arraigned before a vacation judge, Justice Chuka Obiozor on the same count charge.
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