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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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CASH SHORTAGE: SANWO-OLU APPROVES 50% REDUCTION ON PUBLIC TRANSPORT, CREATES FOOD PALLIATIVE FOR VULNERABLE LAGOSIANS.(PHOTOS).#PRESS RELEASE.

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CASH SHORTAGE: SANWO-OLU APPROVES 50% REDUCTION ON PUBLIC TRANSPORT, CREATES FOOD PALLIATIVE FOR VULNERABLE LAGOSIANS


• BRT, LAGRIDE, FMLM, LAGFERRY passengers to enjoy weeklong relief with Cowry Cards

• Governor permits fuel stations to operate 24hrs

• Governor hails Supreme Court ruling on currency swap





I have found it necessary to address the good people of Lagos, following some events in our dear country. The currency exchange and the fuel situation have, no doubt, raised the tension in the land. I commend our dear citizens for your patience and understanding in the face of hardship that you have experienced in recent days. Your resilience has been remarkable. You stood firm in the demonstration of your confidence in our ability to protect your interest in these difficult days.

The current situation has had telling effects on States, and we have taken some steps to cushion the effects on your wellbeing. To support you in weathering these stormy days, I hereby announce a 50% cut in fares on all our BRT buses, LAGRIDE taxi-scheme, First Mile and Last Mile buses, and Lagos Ferry Services (LAGFERRY). This will take effect from tomorrow (Thursday) for the next seven days. We will push out more Cowry Cards to enable more Lagosians get onboard our services.

I have also directed that food banks be set up in various parts of the State to cater for the vulnerable. We have identified stakeholders and organisations that will help distribute food stuff to the vulnerable people in various communities hit by the current situation. By this, we are not out to solve the entire economic crisis created by the currency swap programme, but we understand this is a difficult moment for vulnerable individuals. The relief will help until normalcy is restored

GOV SANWO-OLU ADDRESSES LAGOSIANS ON THE FUEL SHORTAGE AND CURRENCY CRISIS ROCKING THE NATION, AT LAGOS HOUSE, MARINA ON WEDNESDAY, 8TH FEBRUARY, 2023.

PIX 2675/4902: Lagos State Governor, Mr Babajide Sanwo-Olu addressing Lagosians on the fuel shortage and currency crisis rocking the Nation, at the Lagos House, Marina, on Wednesday, 8 February 2023. With him are (l-r): his Deputy Chief of Staff, Mr Gboyega Soyannwo; Commissioner for Information and Strategy, Mr Gbenga Omotoso; his counterpart for Economic Planning and Budget, Mr Sam Egube; Deputy Governor, Dr Obafemi Hamzat and APC Lagos Chairman, Hon Cornelius Ojelabi.

 

PIX 0920: Lagos State Governor, Mr Babajide Sanwo-Olu, addressing Lagosians on the fuel shortage and currency crisis rocking the Nation, with him are (l-r): Commissioners Mr Gbenga Omotoso (Information and Strategy); Mr Sam Egube (Economic Planning and Budget); Deputy Governor, Dr Obafemi Hamzat and APC Lagos Chairman, Hon Cornelius Ojelabi, at the Lagos House, Marina, on Wednesday, 8 February 2023 

 

PIX 2668 L-R: Deputy Chief of Staff to Lagos State Governor, Mr Gboyega Soyannwo; Commissioner for Information and Strategy, Mr Gbenga Omotoso; Governor Babajide Sanwo-Olu; Commissioner for Economic Planning and Budget, Mr Sam Egube and the Deputy Governor, Dr Obafemi Hamzat, during the Governor’s address to Lagosians on the fuel shortage and currency crisis rocking the Nation, at the Lagos House, Marina, on Wednesday, 8 February 2023 

Watch video below and More photos. 




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