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VEO News > Blog > Hot Stories > Court Orders CBN To Stop Allocation to Rivers State
Hot Stories

Court Orders CBN To Stop Allocation to Rivers State

Samuel Olugbeminiyi
Last updated: 2024/10/30 at 3:58 PM
Samuel Olugbeminiyi Published October 30, 2024
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Justice Joyce Abdulmalik of the Federal High Court in Abuja has ordered the Central Bank of Nigeria to stop the release of monthly financial allocations to Rivers State Government.

The judge’s directive was premised on the notion that the presentation of the 2024 budget by Governor Siminalayi Fubara before a four -member Rivers House of Assembly was an affront to the constitutional provision.

The judge held that Fubara’s action in implementing an unlawful budget smacked gross violations of the 1999 Constitution and added that the receipt and disbursement of monthly allocations since January this year by Fubara was a constitutional somersault and aberration that must not be allowed to continue.

She proceeded to restrain the CBN, Accountant General of the Federation, and the State Government’s bankers from further allowing Fubara to access money from the Consolidated Revenue and Federation Account.

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TAGGED: Central Bank of Nigeria, Featured, Governor Siminalayi Fubara, Justice Joyce Abdulmalik, Rivers
Samuel Olugbeminiyi October 30, 2024
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