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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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SUPREME COURT UPHOLDS THE 12-YRS CONVICTION OF EX-GOV. OF TARABA 'JOLLY NYAME' TODAY.{PHOTO}.

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      The Supreme Court, today, Friday 7th February 2020, upheld the conviction and 12-year prison sentence that was handed to the former governor of Taraba State, Reverend Jolly Nyame, for the misappropriation of state funds.
In a unanimous decision, a five-man panel of Justices of the apex court led by Justice Mary Odili, said it found no reason to set-aside concurrent judgements of both the trial court and the Court of Appeal, which found Nyame guilty of embezzlement and money laundering.
Justice Amina Augie who delivered the lead judgement held that appeal Nyame filed to challenge his conviction and sentence, lacked merit.
It will be recalled that Justice Banjoko of the Federal High Court sitting in Abuja, had on May 30, 2018, found Nyame guilty on 27 out of the 41-count money laundering charge preferred against him by the Economic and Financial Crimes Commission, EFCC.
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