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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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TINUBU SUSPENDS EFCC CHAIRMAN BAWA INDEFINITELY. (PHOTO).

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Tinubu Suspends EFCC Chairman Bawa Indefinitely 

President Bola Ahmed Tinubu has approved the indefinite suspension from office of the Chairman of Economic and Financial Crimes Commission (EFCC), Mr. AbdulRasheed Bawa, CON, to allow for proper investigation into his conduct while in office. 

According to a statement by the office of the secretary to the government of the federation (OSGF), the decision followed weighty allegations of abuse of office levelled against him.

Bawa has been directed to immediately hand over the affairs of his office to the Director of Operations in the Commission, who will oversee the affairs of the Office of the Chairman of the Commission pending the conclusion of the investigation.

 

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