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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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FORMER FRENCH PRESIDENT SARKOZY SENTENCED TO FIVE YEARS BEHIND BARS. (PHOTO).

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 Former French President Sarkozy sentenced to five years behind bars

A Paris court sentenced former French President Nicolas Sarkozy to five years in prison Thursday for criminal conspiracy related to accepting campaign funds from former Libyan leader Moammar Gadhafi.

Sarkozy was acquitted of other charges, including passive corruption and illegal campaign financing. Judge Nathalie Gavarino also imposed a nearly $117,000 fine and a five-year ban from attending public functions. Even if Sarkozy appeals, he could be sent to prison within days, potentially making him the first former French president to be incarcerated.

Prosecutors said that during his 2007–2012 presidency, Sarkozy received millions from Gadhafi in exchange for attempts to restore his standing with Western leaders. Gadhafi, who was killed in 2011, was internationally condemned for supporting terrorism, including the bombings of Pan Am Flight 103 and UTA Flight 772.

Sarkozy called the case politically motivated, saying, "What happened today … is of extreme gravity in regard to the rule of law and for the trust one can have in the justice system. If they absolutely want me to sleep in jail, I will sleep in jail, but with my head held high."

The former president has faced legal troubles before, including a 2021 conviction for exceeding the legal spending limit in his 2012 re-election campaign.

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