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the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.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...

EFCC ARRAIGNS MAN, COMPANY FOR ALLEGED N53M FRAUD IN LAGOS. (PHOTO).


 EFCC Arraigns Man, Company for Alleged N53m Fraud in Lagos


The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Directorate 1, on Wednesday, February 18, 2026, arraigned Tunji Adewumi Adepoju and his company, West Quantum Auto Products Ltd, before Justice O. A. Okunuga of the Lagos State High Court sitting in Ikeja, Lagos, over an alleged N53,000,000 fraud. Adepoju and his company were arraigned on a two-count charge bordering on conspiracy and stealing. The defendant allegedly stole the proceeds from the sale of eight cars belonging to Mr. Idowu Raji, valued at N53,000,000, by converting the funds to personal use, contrary to Sections 41(1), 280(4), and 281 of the Criminal Law of Lagos State, 2011.

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