Nigeria, Jan. 22 -- A prosecution witness at the FCT High Court in Maitama, Abuja, on Wednesday narrated how he disbursed over N1.6 billion on the instruction of the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

The third prosecution witness, Richard Agulu, a staff member of the Nigerian Communications Commission, (NCC), said the money he received and disbursed was not domiciled in Mr Emeifele's personal account in Zenith Bank but kept in the bank's vault or certain accounts.

The witness presented by the Economic and Financial Crimes Commission (EFCC) said the funds were disbursed based on the instructions of the former CBN governor through his aide, Eric Ocheme.

Mr Agulu, a former staff member of Zenith Bank, ...