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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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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NETFLIX FACES ANTITRUST LAWSUIT OVER WARNER BROS. ACQUISITION PLAN. (PHOTO).

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Netflix faces antitrust lawsuit over Warner Bros. acquisition plan

An HBO Max subscriber has filed a nationwide antitrust class action against Netflix over its proposed $72 billion acquisition of Warner Bros. Discovery, claiming the deal could harm consumers by raising prices and reducing content diversity. The complaint, filed in the Northern District of California, argues that merging Netflix’s dominant global streaming platform with Warner Bros. Discovery’s studios and streaming services would significantly decrease competition in the U.S. subscription video-on-demand market.

Plaintiff Michelle Fendelander, representing subscribers who paid for HBO Max since December 2021, asserts that the merger would allow Netflix to raise subscription fees, limit content quality and availability, and reduce innovation, while making it harder for new competitors to enter the market. The lawsuit cites Section 7 of the Clayton Act and seeks to protect consumers from diminished choice and higher costs. The filing comes as Paramount Skydance launched a rival bid to acquire Warner Bros. Discovery, promising more cash to shareholders and arguing its deal would increase competition. Political figures, including Senator Elizabeth Warren, have raised antitrust and national security concerns over both bids, while former President Donald Trump has said he is still assessing the market implications. Netflix has not commented on the lawsuit.


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