A prosecution witness told the Federal Capital Territory (FCT) High Court in Abuja on Thursday how the Central Bank of Nigeria (CBN) debited N124.86 billion from the Consolidated Revenue Account (CRA) without the National Assembly’s approval during Godwin Emefiele’s time as the CBN governor.
Hamisu Abdullahi, a deputy director working at CBN’s domestic settlement division handling interbank transactions, said the money was used to settle the CBN’s “internal debts”.
Mr Hamisu testified as the ninth prosecution witness in the trial of Mr Emefiele on various charges of illegal activities, including alleged unlawful redesign of the naira notes.
The case is one in a series Mr Emefile has been facing since his removal from office in June 2023 over corruption allegations and sundry malfeasances.
Led in evidence by prosecution lawyer A.O Mohammed on Thursday, the witness said the CBN incurred the N124.86 billion internal debts from various directives it received from the federal government to pay certain agencies without providing funds for the payments.
