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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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CHINA TO LIMIT TEENAGERS'S SMARTPHONE USE TO A MAXIMUM OF TWO HOURS A DSY IN BID TO PREVENT ADDICTION TO MOBILES.(PHOTO).

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China to limit teenagers' smartphone use to a maximum of two hours a day in bid to prevent addiction to mobiles

China's internet regulator have announced plans to crack down on how much time teenagers are allowed to spend on their phones, limiting screen time to a maximum of just two hours a day.

The Cyberspace Administration of China (CAC) said it wanted to mandate so-called 'minor mode programmes' for smart devices that would ban users under-18 from accessing the internet between 10pm to 6am.

The CAC also said that the programmes would give users aged 16 to 18 two hours of screen time a day, while users under 16 would get just one hour per day.

Users under eight would get just eight minutes to use devices.  

While the regulator said that the proposed reforms would give parents the option to opt out of the limits, this did little to soothe furious tech investors. 

Xia Hailong, a lawyer at the Shanghai Shenlun law firm, said the rules would be a headache for the internet companies.

'A lot of effort and additional costs to properly implement these new regulatory requirements,' he said.

The lawyer warned that Chinese internet companies may simply ban users under 18 from using their services altogether.

'The risk of non-compliance will also be very high. I believe that many internet companies may consider directly prohibiting minors from using their services,' he said
 


 

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