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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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AJAY BANGA EMERGES NEW WORLD BANK PRESIDENT. (PHOTO).

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 Ajay Banga Emerges New World Bank President

May 3, 2023
    
The World Bank has announced the appointment of Ajay Banga as its next president, taking over from David Malpass on June 2.

The development lender has high hopes for Banga, who will lead the institution during a critical time as it seeks to improve its response to climate change.

Following a board vote, the World Bank released a statement expressing confidence in Banga’s leadership, adding that it looks forward to working with him on the organisation’s evolution process.

“The Board looks forward to working with Mr. Banga on the World Bank Group Evolution process,” the bank wrote.

Banga has been appointed for a five-year term.


 

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