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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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IKORODU COURT REMANDS 28-YEAR-OLD MAN FOR ALLEGED THEFT. (PHOTO).

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 Ikorodu Court Remands 28-Year-Old Man for Alleged Theft


A 28-year-old man, Toyin Damilola, was arraigned before an Ikorodu Magistrates’ Court on Friday for allegedly misappropriating N1.5 million intended for purchasing fish and chicken feed.


Facing two counts of theft, Damilola pleaded not guilty when the charges were read.


Prosecutor Insp. Adegeshin Famuyiwa informed the court that the defendant allegedly diverted N577,720 meant for 24 bags of fish feed and N954,930 for 50 bags of chicken feed for personal use. The funds belonged to the complainant, Mrs. Oluwafunmilola Lawal. Additionally, Damilola was accused of conduct likely to cause a breach of peace.


The prosecutor stated that the alleged offenses violated Sections 168(D) and 287(7) of the Lagos State Criminal Law, 2015.


Magistrate A.O. Ogbe granted the defendant bail set at N500,000 with two sureties in like sum and adjourned the case to March 27 for mention.

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