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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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NIGERIA NEEDS CHANGE OF NAME IN 2023- MOGHALU. (PHOTO).

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Nigeria needs change of name in 2023, says Moghalu

1 January 2023 

Former Central Bank of Nigeria (CBN) Deputy Governor, Kingsley Moghalu, has said the country needs a change of name in 2023. 

He argued that the country’s name conjures too many bad memories. 

His proposal, however, elicited a flurry of reactions especially from social media users.

Some argued that the country does not need a change of name but good leaders. 

Others supported Moghalu’s proposal, and added that constitutional review and restructuring should also be overwhelming pushed forward

Moghalu on his verified Twitter handle said: “I agree with those who argue that that Nigeria needs a change of name. 

“If a serious leadership emerges in 2023 and we can agree on a name that has deep meaning that can unite the country, it would be a powerful symbolism. Backed with good governance, it can give Nigeria new life

“The name Nigeria conjures too many bad memories. ‘Wazobia’? ‘Songhai’?” (The Nation)


 

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