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Ministry of Finance director Ali Muhammed testified at the FCT High Court in Maitama, Abuja, that N124.86 billion was withdrawn from the Consolidated Revenue Account during Godwin Emefiele's tenure as Central Bank of Nigeria governor without required approvals.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, requiring legislative authorization via the Appropriation Act for any expenditures; prosecutorial evidence suggests Emefiele bypassed these protocols.
- Muhammed, acting on an inquiry from a special investigator, confirmed the Office of the Accountant General of the Federation denied knowledge of the transaction, describing it as a "direct debit" executed by the CBN without recourse.
- Trial judge Maryanne Anenih admitted the correspondence as evidence after defense counsel Olalekan Ojo, a Senior Advocate of Nigeria, offered no objections, adjourning proceedings until Wednesday for cross-examination.
- This testimony builds on earlier claims from former CBN deputy director Hamisu Abdullahi, who alleged the funds settled "internal debts," positioning the case within ongoing prosecutions Emefiele has faced since his 2023 removal from office.
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Crimes Commission, EFCC, Ali Mohammed has told the High Court of the Federal Capital Territory that the N124.86 billion withdrawn from the Consolidated Revenue Account by the Central Bank of Nigeria, CBN under Godwin Emefiele did not pass through the Federal Ministry of Finance.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
