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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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EFCC SUMMONED OKOYA'S TWO SONS OVER NAIRA ABUSE. (PHOTO)

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 The Economic and Financial Crimes Commission

(EFCC) has summoned two sons of prominent billionaire industrialist, Razaq Okoya, for questioning over alleged naira abuse.


Subomi and Wahab Okoya were captured in a viral video engaging in actions that violated currency handling regulations by mishandling the Nigerian naira note.


A letter signed by the acting Director of the EFCC Lagos Directorate, Michael Wetkas, instructed the duo to appear before the commission's special operations team at its Lagos office on Monday, January 13, 2025.


Meanwhile, Subomi Okoya had issued a public apology on his X (formerly Twitter) account, expressing regret and claiming ignorance of the fact that abusing the naira is a punishable offence.

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