Court Bars CBN from Allocating Funds to Rivers State Government
Court Bars CBN from Allocating Funds to Rivers State Government
The Federal High Court in Abuja has issued an injunction preventing the Central Bank of Nigeria (CBN) from releasing monthly financial allocations to the Rivers State government.
The court ruled that Governor Siminalayi Fubara’s acceptance and distribution of these allocations since January constitutes a significant constitutional violation that cannot continue.
Justice Joyce Abdulmalik emphasized that Fubara’s presentation of the 2024 budget to a four-member Rivers House of Assembly undermines constitutional protocols. She highlighted that his actions in executing an unlawful budget represent serious breaches of the 1999 Constitution, which he vowed to uphold.
As a result, the judge has restrained the CBN, the Accountant General of the Federation, Zenith Bank, and Access Bank from allowing Fubara access to funds from the Consolidated Revenue and Federation Account.
TRENDING SONGS
Lagos Security Operatives Nab Suspected Burglar, Recover Locally Made Gun in Ikorodu
Trump Rejects Immediate Peace Deal With Iran as War Escalates, Israel Launches Fresh Strikes
Pope Leo XIV Urges Immediate Ceasefire, Renewed Dialogue in Middle East
NDLEA Nabs 74-Year-Old With 11kg Cocaine Hidden in Pepper at Abuja Airport
“Things Haven’t Been Easy” – ‘Papa Ajasco’ Actor Opens Up on Life After Fame
Surge in Boko Haram, ISWAP Attacks Targets Military Bases, Civilians in North-East
PDP Reconciliation: Wike, Governors’ Camps Set for Monday Talks
D’Tigress Storm Back to Beat Philippines 101-84 in FIBA Qualifiers
Nigeria Mourns as 1980 AFCON Legend Henry Nwosu Dies at 62
France Rejects Claims of Warship Deployment to Strait of Hormuz
Share this post with your friends on 
