Nigeria: CBN under Emefiele withdrew N124.86bn from CRA without approvals – witness

A Federal Ministry of Finance official testified that the Central Bank of Nigeria, under former governor Godwin Emefiele, withdrew N124.86bn from the Consolidated Revenue Account without required approvals from the Accountant General and Finance Ministry. The claim is part of an ongoing corruption trial, and the withdrawals' purpose and authorization remain under judicial scrutiny. This matters as it could implicate senior officials and affect institutional trust in Nigeria's fiscal governance.