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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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EX-CBN GOV. EMEFIELE GETS N50M BAIL. (PHOTO).

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 Ex-CBN Gov Emefiele gets N50m bail


Justice Rahman Oshodi of an Ikeja Special Offences Court on Friday granted embattled former Central Bank of Nigeria (CBN) Governor Godwin Emefiele N50m bail. 


Emefiele is facing a 26-count charge bordering on alleged abuse of office and fraud  to the tune of $4.5 billion and N2.8 billion.


Justice Oshodi, in his ruling, admitted Emefiele to N50 million bail with two sureties in like sum.


Oshodi ordered the sureties must be gainfully employed and must have made three years tax payment with the Lagos State Government.


He also said that the sureties must show proper identification and that they must be registered in the Lagos State Bail Management System.


The judge said  he was satisfied  with the bail conditions of N1 million, earlier given  to  Emefiele’s co-defendant, Henry Isioma-Omoil, who is facing another charge before Justice Olufunke Sule-Hamzat  of Yaba High Court.


Oshodi, however, said the  bail documents must  be transferred to special offences court and registered in the Lagos State Bail Management System.

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