Nigeria, Oct. 6 -- A Federal Ministry of Finance director told the FCT High Court in Maitama, Abuja, on Tuesday that N124.86 billion was withdrawn from the Consolidated Revenue Account (CRA) during Godwin Emefiele's tenure as the Central Bank of Nigeria (CBN) governor without necessary approvals.

Ali Muhammed, who is the 10th prosecution witness presented by the Economic and Financial Crimes Commission (EFCC) in the ongoing trial of the former CBN governor, said such withdrawals required the approvals of the finance ministry and the Office of the Accountant General of the Federation (OAGF).

"The deduction of N124.8 billion is not known to the Federal Ministry of Finance," the prosecution witness said, speaking to one of the charges brou...