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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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...

REPS SUMMON LABOUR MINISTER OVER NSITF BOARD INAUGURATION DELAY. (PHOTO).


 Reps Summon Labour Minister Over NSITF Board Inauguration Delay


The House of Representatives Committee on Public Petitions has summoned the Minister of Labour and Employment, Muhammadu Dingyadi, over the delay in inaugurating the board of the Nigerian Social Insurance Trust Fund (NSITF).


A petition from the Obasi-Pherson Help Foundation stated that while President Bola Tinubu had appointed a Managing Director for the fund, the board had yet to be constituted, creating room for administrative irregularities.


In response, Committee Chairman Mike Etaba directed the minister to appear in person to address the concerns, emphasizing that the issue directly implicates the government.


Additionally, the committee invited NSITF Managing Director, Faleye Mayomi, following a separate petition from the Advancement of Social Justice and Economic Development Initiative, alleging violations of project clearance regulations within the agency.


Etaba reaffirmed the committee’s commitment to accountability, stating that the invitations allow the officials to clarify these matters and ensure due process is followed.

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