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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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HEALTHCARE PROVIDERS URGE NAFDAC TO REDUCE COST OF GMP CERTIFICATES. (PHOTO).

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 Healthcare providers urge NAFDAC to reduce cost of GMP certificates. 

Healthcare Equipment and Allied Equipment Products Providers of Nigeria has urged the National Agency for Food and Drug Administration and Control to reduce the cost of Good Manufacturing Practice certificates for medical devices..


HEPAN also lauded President Bola Tinubu for signing the executive order to increase local production of medical and other healthcare products..


Recall that in June, the Coordinating Minister of Health and Social Welfare, Prof. Muhammad Pate, announced that President Tinubu had signed an executive order to increase local production of healthcare products, including pharmaceuticals, diagnostics, devices such as needles and syringes, biologicals, medical textiles, and more..


Pate said the order is pivotal to the success of the Presidential Initiative for Unlocking the Healthcare Value Chain, which was approved in October 2023 by the President..


He explained that the order introduces zero tariffs, excise duties, and Value Added Tax on specified machinery, equipment, and raw materials, aiming to reduce production costs and enhance the competitiveness of local manufacturers..

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