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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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LASG PAYS N1.181BILLION INTO THE RSA PG 279 RETIREES.#PRESS RELEASE.

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    The Lagos State Government has disbursed the sum of N1.181billion accrued pension rights into the Retirement Savings Accounts of another batch of 279 retirees of its Civil Service.
The Director-General, Lagos State Pension Commission (LASPEC) Mrs. Folashade Onanuga made the disclosure at the 68th Retirement Benefit Bond Certificate presentation ceremony held on Tuesday in Alausa, Ikeja.
She affirmed that the present administration is committed to the regular payment of retirees’ benefits to ensure that beneficiaries do not undergo financial pressure after meritorious service to the State.
Onanuga assured the retirees of the government’s interest in their wellbeing in old age, noting that the issue of backlog payments was being addressed as additional funds would soon be released in tranches for further payments.
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