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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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PVAC, UNICEF PARTNER TO EMPOWER NIGERIAN YOUTH IN HEALTH MANUFACTURING INDUSTRIES . (PHOTO).

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 PVAC, UNICEF Partner To Empower Nigerian Youth In Health Manufacturing Industries 

The Presidential Initiative on Unlocking the Healthcare Value Chain (PVAC) and UNICEF have launched a new initiative to empower Nigerian youth in the manufacturing sector. The program, under the Enabling Local Manufacturing (ELM) initiative, will identify high-demand roles, train 200 young Nigerians with a special focus on women and girls and facilitate their placement in the manufacturing industry.


At a stakeholder dialogue on workforce development in Nigeria’s health and nutrition commodity manufacturing sector in Abuja, the National Coordinator of PVAC, Dr. Abdu Mukhtar, identified six key barriers hindering industrialization - including policy, regulatory and legal frameworks; access to finance; market access; human capital development; research and development; and infrastructure.


Dr. Mukhtar emphasized the need for practical solutions to bridge these gaps and strengthen Nigeria’s local manufacturing capacity. The dialogue, which held as a side event to the Nigeria-EU Health Investment Forum, signals the start of a coordinated process to map job roles, mobilize youth, train, certify, and connect them to industry opportunities.


The event also brought together manufacturers, development partners, and young people to discuss the future skills required to drive Nigeria’s health manufacturing industry.

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