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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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SUPREME COURT RULING ENDS IMPUNITY IN RIVERS STATE, SAYS WIKE. (PHOTO).

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The Supreme Court's ruling on the crisis in the Rivers State House of Assembly has put an end to impunity in the state, according to FCT Minister Nyesom Wike. The apex court's decision bars the Central Bank of Nigeria (CBN), the Accountant General of the Federation, and other agencies from releasing funds to the Rivers State Government until it complies with court orders.


The court also dismissed Governor Siminalayi Fubara's appeal challenging the validity of the House of Assembly presided over by Martin Amaewhule as Speaker. Furthermore, the Supreme Court nullified the recent local government elections in the state, citing gross violations of the Electoral Act.


Wike hailed the judiciary for upholding the rule of law, stating that allowing impunity would lead to a breakdown in democracy. He criticized Governor Fubara for conducting local government elections that violated the Electoral Act, saying that the Governor has no choice but to comply with the Supreme Court's verdict.


Wike also took a swipe at Bauchi State Governor Bala Mohammed, Chairman of the Peoples Democratic Party (PDP) Governors' Forum, for supporting Governor Fubara. The FCT Minister emphasized that the issue, which has lasted over 15 months, has been laid to rest by the highest court in the land, and the only recourse now is to appeal to God.

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