Emefiele: Finance Ministry didn’t query CBN withdrawal of N124.86bn — EFCC witness
The 10th prosecution witness (PW10) in the ongoing trial of the immediate past governor of the Central Bank of Nigeria (CBN), Godwin Emefiele... The post Emefiele: Finance Ministry didn’t query CBN withdrawal of…
Godwin Emefiele, who served as Central Bank of Nigeria governor before his suspension and subsequent removal in 2023, is facing multiple criminal charges brought by the Economic and Financial Crimes Commission (EFCC) bordering on alleged abuse of office and financial impropriety during his tenure. The case being heard at the FCT High Court in Maitama, Abuja, is one of several legal battles Emefiele has had to contend with since leaving office, and the trial has drawn significant public interest given his previously powerful role overseeing Nigeria's monetary policy and foreign exchange regime.
The two reports agree on the core testimony: a prosecution witness, identified by Vanguard as Dr Ali Mohammed, told the court that Emefiele was not a signatory to the withdrawal of N124.86 billion from a federal government account, and that the Finance Ministry did not raise any query over the transaction at the time. Neither outlet provides further detail on which account the funds were withdrawn from, what the money was used for, or how this testimony fits into the broader charges against Emefiele, leaving those specifics for subsequent proceedings in the trial.