Court Stops CBN From Releasing Allocation To Rivers State Government
A Federal High Court sitting in Abuja, on Wednesday, October 30, 2024, ordered the Central Bank of Nigeria (CBN) to stop further releasing of monthly financial allocations to Rivers State government.
The court presided over by Justice Joyce Abdulmalik, held that the receipt and disbursement of monthly allocations since January this year by Governor Siminalayi Fubara is a Constitutional somersault and an aberration that must not be allowed to continue.
Justice Abdulmalik also held that the presentation of the 2024 budget by Fubara before a 4-member Rivers House of Assembly was an affront to the Constitutional provision.
The Judge specifically said that the action by Governor Fubara in implementing unlawful budget smacked of gross violations of the 1999 Constitution which he swore to protect.
The Court therefore restrained the CBN, Accountant General of the Federation, Zenith Bank and Access Bank from further allowing Governor Fubara to access money from the Consolidated Revenue and Federation Account.
