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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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MIGRATION A KEY DRIVER OF GLOBAL AND NATIONAL DEVELOPMENT-VP SHETTIMA. (PHOTO).

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 Migration a Key Driver of Global and National Development – VP Shettima


Vice President Kashim Shettima has emphasized that migration plays a vital role in driving both global and national development. Speaking at the 10th Annual National Migration Dialogue, Shettima highlighted that migration goes beyond geographic movement, fostering economic and social growth. He cited Nigeria's $21.9 billion in diaspora remittances in 2022 as a testament to the positive economic impact of migration.


The VP acknowledged the challenges of irregular migration, revealing that 10,000 Nigerians were returned for migration offenses in 2024, but reaffirmed the government's commitment to addressing these issues. Shettima also noted the Nigerian government's efforts to enhance migration governance, including the introduction of electronic gates at airports and partnerships with international migration organizations. He called for solutions to celebrate migrants' legacies and protect their rights.

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