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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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BITCOIN DECLINES AMID U. S. TARIFF CONCERNS AND CRYPTO SCANDALS. (PHOTO).

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 Bitcoin Declines Amid US Tariff Concerns and Crypto Scandals


Bitcoin has fallen below $80,000, marking a 25% drop from last month’s peak, as US tariff threats from President Trump and crypto-related scandals shake investor confidence.


Key Factors Behind the Decline:

Bybit Hack: The Dubai-based exchange lost $1.5 billion in Ethereum, with the FBI blaming North Korea.

Argentine Crypto Scandal: President Javier Milei is under investigation for promoting the now-collapsed $LIBRA token.

Investor Sell-offs: Bitcoin traded at $95,000 earlier in the week before investors moved funds to safer assets.


Trump’s Influence on Crypto:

Despite once calling crypto a "scam", Trump now supports Bitcoin, promising to make the US a crypto hub.

He launched $TRUMP and Melania Trump introduced $MELANIA, both of which lost value quickly.

SEC lawsuit against Coinbase dropped, signaling regulatory easing under Trump.


Market Outlook:

With ongoing trade tensions, regulatory shifts, and security concerns, Bitcoin’s recovery remains uncertain.

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