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Court Hears Allegation: CBN’s N124.86bn Withdrawal Not Approved by Finance Ministry

In a recent development, a witness of the Economic and Financial Crimes Commission (EFCC), Ali Mohammed, has made an alarming claim in court. According to Daily Post Nigeria, the witness testified that the N124.86 billion withdrawn from the Consolidated Revenue Account by the Central Bank of Nigeria (CBN) under Godwin Emefiele’s leadership did not pass through the Federal Ministry of Finance.

This claim comes as part of an ongoing investigation into the CBN’s activities, and it sheds light on a significant financial transaction that has sparked public interest. However, it is important to note that this allegation has yet to be independently verified by multiple sources.

The exact context and implications of this revelation are still unfolding, but it underscores the importance of transparency in Nigeria’s financial management. The CBN has not commented on the matter publicly, and the EFCC has not provided further details about the case at this time.

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