Emefiele: Ministry Did Not Approve Withdrawal of N124.86bn by CBN- EFCC Witness Tells Court
The witness said ministry and Accountant General approvals were required, and letters tendered in court showed both offices denied knowledge of the transfer.
- On Tuesday, Federal Ministry of Finance director Ali Muhammed testified at the FCT High Court in Maitama, Abuja, that N124.86 billion was withdrawn from the Consolidated Revenue Account during Godwin Emefiele's tenure as Central Bank of Nigeria governor without required approvals.
- The Consolidated Revenue Account serves as the federal government's central repository for revenues, with expenditures requiring legislative authorization through an Appropriation Act or budget; prosecutorial evidence suggests Emefiele bypassed these protocols.
- Muhammed confirmed the Office of the Accountant General of the Federation denied knowledge of the transaction, characterizing it as a "direct debit" executed by the CBN without recourse to any other office.
- Trial judge Maryanne Anenih admitted the correspondence between the ministry and the OAGF as evidence after defense counsel Olalekan Ojo, a Senior Advocate of Nigeria, offered no objections, adjourning proceedings until Wednesday for cross-examination.
- Former CBN deputy director Hamisu Abdullahi previously alleged the N124.8 billion was used to settle the CBN's "internal debts," while the trial represents one of several prosecutions Emefiele has faced since his removal from office in June 2023.
15 Articles
15 Articles
CBN under Emefiele withdrew N124.86bn from consolidated revenue account without approvals – Official
The witness, a Federal Ministry of Finance official, said withdrawals from the Consolidated Revenue Account (CRA) required the approvals of the Office of the Accountant General of the Federation and the Federal Ministry of Finance.
Emefiele: Ministry did not approve withdrawal of N124.86bn by CBN- EFCC witness tells court
A witness of the Economic and Financial Crimes Commission, EFCC, Ali Mohammed has told the High Court of the Federal Capital Territory that the N124.86 billion withdrawn from the Consolidated Revenue Account by the Central Bank of Nigeria, CBN under Godwin Emefiele did not pass through the Federal Ministry of Finance. The witness, who is […] Emefiele: Ministry did not approve withdrawal of N124.86bn by CBN- EFCC witness tells court
Emefiele: Finance Ministry unaware of N124.86bn CBN withdrawal, Witness tells court — National Accord Newspaper %
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
Emefiele: Finance Ministry Unaware Og N124.86bn CBN Withdrawal, Witness Tells Court
A Director in the Federal Ministry of Finance, Ali Mohammed, has told the Federal Capital Territory High Court in Maitama, Abuja, that the ministry was unaware of the withdrawal of N124.86 billion from the Central Bank of Nigeria (CBN) during Godwin Emefiele’s tenure as governor.
How CBN Withdrew N124.86bn Under Emefiele With no Record at Finance Ministry— EFCC Witness
The Federal Ministry of Finance had no record or knowledge of the N124.86 billion withdrawn from the Consolidated Revenue Account by the Central Bank of Nigeria (CBN) under former Governor Godwin Emefiele, an Economic and Financial Crimes Commission (EFCC) witness has told the High Court of the Federal Capital Territory. The witness, Ali Mohammed, a […]
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
