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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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FG PARTNERS OYO STATE ON DRY PORT DEVELOPMENT. (PHOTO).

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 FG PARTNERS OYO STATE ON DRY PORT DEVELOPMENT


The Federal Government's resolve to make Nigeria a maritime hub has received further boost, with the official handover of Certificate of Occupancy (C of O) for 90 hectares of land by the Oyo State Government for Moniya Inland Dry Port development. 


​The Permanent Secretary, Federal Ministry of Marine and Blue Economy, Olufemi Oloruntola, while receiving the documents on behalf of the Federal Government, describes the gesture as a clear demonstration of partnership and shared vision between the Federal and State Governments to expand economic opportunities through modern trade.


The Permanent Secretary in a statement by the  Ministry's Director, Information and  Public Relations, Anastasia Ogbonna assures that the Moniya Inland Dry Port would be a strategic national project that brings shipping services closer to both importers and exporters, thereby stimulating industrial and agricultural growth across the entire South-West region.


​Oyo State Deputy Governor, Abdul-Raheem Lawal, appreciates the Federal Government for its resolve to develop vital transport infrastructure across the country, reiterating the state’s unwavering commitment to the project.

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