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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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OPENING REMARKS BY LAI MOHAMMED AT THE 8TH EDITION OF THE PMB ADMINISTRATION SCORECARD TODAY IN ABUJA. (PHOTO).#PRESS RELEASE.

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OPENING REMARKS BY THE MINISTER OF INFORMATION AND CULTURE, ALHAJI LAI
MOHAMMED, AT THE 8TH EDITION OF THE ''PMB ADMINISTRATION SCORECARD
SERIES (2015-2023)'' IN ABUJA ON WEDNESDAY, DEC. 7TH 2022

PROTOCOL


2. I warmly welcome you all to the eight edition of the 'PMB Administration Scorecard Series (2015-2023)'. On Monday, we hosted the Honourable Minister of Water Resources. Today, it is the turn of the Honourable Minister of Environment. And before them, we had presentations from the Honourable Ministers of:

- Works and Housing
- Transportation
- Aviation
- Interior
- Agriculture and Rural Development
- Finance, Budget and National Planning

On Thursday Dec. 8, that is tomorrow, we will be hosting the Honourable Minister of Mines and Steel Development.

3. As a quick reminder of why we are here, recall that we launched this series in October as part of an overall programme aimed at showcasing and documenting the numerous achievements of the Buhari Administration.

4. Before I invite the Honourable Minister of Environment to the podium, please permit me to say categorically and without any fear of contradiction that the Administration’s fight against corruption is very much on track. As you may already know Mr President signed into law the Proceeds of Crime (Recovery and Management) Bill, 2022, on May 12th, 2022. That bill was one of the three which Mr. President signed into law that day. Others are the Money Laundering (Prevention and Prohibition) Bill, 2022 and the Terrorism (Prevention and Prohibition) Bill, 2022.

5. I have an update on the Proceeds of Crime (Recovery and Management) Act (POCA), 2022. In line with the new law, all relevant agencies of government have now opened 'Confiscated and Forfeiture Properties Account with the Central Bank of Nigeria (CBN). I can confirm that so far, the Federal Government has realized over 120 billion Naira, among other currencies, from POCA. This money will be used to fund the completion of ongoing critical infrastructure projects in the country like the Second Niger Bridge as well as Lagos-Ibadan and Abuja-Kano Expressways. We will continue to update you on this.

6. On this note, please permit me to invite the Honourable Minister of Environment to make his presentation. Honourable Minister please!

 

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