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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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PORT HARCOURT REFINERY: YOU ARE NOT AN ENGINEER- PRESIDENT TINUBU REPLIES OBASANJO.(PHOTO).

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Port Harcourt refinery: You are not an engineer - President Tinubu replies Obasanjo

President Bola Ahmed Tinubu has chided ex-president Olusegun Obasanjo over his comments on the petroleum refinery in Port Harcourt, Rivers State.

LIB had reported that Obasanjo granted an interview with TheCable where he disputed claims made by the Tinubu administration that the Port Harcourt refinery will start working in December 2023.

 Obasanjo was of the opinion that the nation’s refineries would never function efficiently as long as they remained under government ownership.

“Someone told me Tinubu said refineries would work by December. I told the person the refineries would not work. This is based on the information I received from Shell when I was president,” he had said.

Reacting to Obasanjo's statement via his Senior Special Assistant on Media and Publicity, President Tinubu said Obasanjo is not an engineer, therefore he shouldn’t be making such comments.

 

“Former President Olusegun Obasanjo, with due respect to him, is not an engineer. He’s not the engineer working at the refineries. So, the engineers and the NNPC gave the president a report and they have said that it will work by December this year,” he had said while speaking on Daily Trust space themed: ‘Analysing the First 100 Days of President Tinubu’.

We still have like four months to go. I will say that with all due respect to the former president, who is an elder statesman and our father, that what he said is his personal opinion and view. I will rather rely on the judgment of the engineers who are working at the refinery. So, I think we should wait until December.”

In August, President Tinubu had said the petroleum refinery in Port Harcourt would start production by December 2023 after the completion of the ongoing rehabilitation contract between the Nigerian National Petroleum Company Limited (NNPCL) and Italian firm, Maire Tecnimont SpA.

The resuscitation of the refinery, if completed as promised by Tinubu, will lessen Nigeria’s reliance on oil importation and dependence on foreign refineries.

NNPCL said it has been working to revamp the refineries, which were shut down entirely in 2021 and produced little or no fuel over the past decade.

 

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