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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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ARIARA TRADERS CALL FOR GOVERNOR ALEX OTTI'S INTERVENTION OVER PROPOSED REMODELING OF SOME LINES IN THE MARKET. (PHOTOS).

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 ARIARA TRADERS CALL FOR GOVERNOR ALEX OTTI'S INTERVENTION OVER PROPOSED REMODELING OF SOME LINES IN THE MARKET 


The National Association of Nigeria Traders, Ariaria Chapter, on Thursday, August 28, 2025, embarked on a peaceful walk to Aba North Local Government Area and the Constituency Office of the member representing Aba North and Aba South federal  constituency. 


At Aba North Secretariat, they were received by the Mayor, Timothy Iheke.

While expressing their fears about the purported remodelling of Ariaria, the concerned traders lamented that the Contractor has not carried them along.


The Union reiterated once again that they were never against the remodeling but would prefer a situation where they carry out the remodeling themselves and pay 500 hundred thousand naira per shop for re-allocation.


Speaking with Magic Fm, the Secretary of the Association, Mr. Chukwuememaka Asikan, appreciated the effort of Governor Alex Otti towards the remodeling of the market, while noting that the union rejected any form of developer and bank loan for the remodeling.


Also speaking, the women leader of the union, Mrs.. Ifenyinwa Ukanu, pleaded that the governor intervene to prevent the traders from falling into untold hardship.


Responding, Hon. Timothy, thanked the Ariaria traders for their respect and promised to take their demands to Governor Otti and other stakeholders for a peaceful resolution.


At the Aba North and Aba South federal constituency office, their letter was received for onward transmission to the lawmaker representing the constituency, Alex Ikwechegh.

More photos below. 




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