A director in the Federal Ministry of Finance, Ali Mohammed, has told the High Court of the Federal Capital Territory that a ₦124.86 billion withdrawal from the Consolidated Revenue Account by the Central Bank of Nigeria during Godwin Emefiele’s tenure did not pass through the ministry.
![](https://thenigerialawyer.com/wp-content/uploads/2026/09/2026-IDRI-Masterclass.png")
Mohammed, who testified on Tuesday as a prosecution witness for the Economic and Financial Crimes Commission, said neither the relevant divisions of the ministry nor the Office of the Accountant-General of the Federation acknowledged knowledge of the transaction.
Testifying before Justice Maryanne Anenih, the witness explained that the ministry received a letter seeking information about the withdrawal from the Special Investigator appointed by President Bola Tinubu to investigate the CBN under Emefiele.
Mohammed said he supervised three divisions under the ministry’s Home Finance Unit and convened an emergency meeting of their heads after receiving the correspondence.
According to him, the heads of the three divisions denied knowledge of the alleged withdrawal.
Following their responses, he wrote to the Accountant-General of the Federation through the ministry’s Permanent Secretary, seeking clarification on the transaction.
Mohammed told the court that the Office of the Accountant-General also denied knowledge of the withdrawal and concluded that the transaction must have been carried out by the CBN.
He said the findings were subsequently communicated to the special investigation unit in response to its inquiry.
The prosecution witness tendered the correspondence from the Federal Ministry of Finance and the Office of the Accountant-General of the Federation. The court admitted the documents as exhibits after Emefiele’s counsel, Olalekan Ojo, SAN, raised no objection.
Justice Anenih adjourned further hearing until October 7, 2026, for the defence to cross-examine Mohammed.
The testimony forms part of the prosecution’s case, and the witness’s account remains subject to cross-examination.
[A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials
Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation
______________________________________________________________________ “Enhance Legal Practice With Authoritative Reports” — Alexander Payne Offers Comprehensive Law Reports, Spanning Over A Century Of Nigerian Jurisprudence
Interested buyers are encouraged to place their orders and enquiries via:
0704 444 4777, 0704 444 4999, 0818 199 9888
Website: www.alexandernigeria.com
