News

Court bars CBN, AGF, others from releasing allocation to Rivers govt

The Federal High Court sitting in Abuja has restrained the Central Bank of Nigeria (CBN) from further releasing monthly financial allocations to the Rivers State Government.

The order also affected the Accountant-General of the Federation (AGF), Zenith Bank, and Access Bank where the state government also do financial transactions.

The presiding judge, Justice Joyce Abdulmalik, in a judgement on Wednesday, October 30, 2024, held that the receipt and disbursement of monthly allocations since January 2024 by Rivers State Governor Siminalayi Fubara is a constitutional somersault and aberration that must not be allowed to continue.

Appeal Court nullifies Rivers budget passed by pro-Fubara lawmakers

Justice Abdulmalik held that the presentation of the 2024 budget by Fubara before a five-member Rivers State House of Assembly was an affront to the constitutional provision.

The judge said Fubara’s action in implementing unlawful budget had smacked gross violations of the 1999 Constitution he swore to protect.

She, consequently, ordered CBN, AGF, Zenith Bank, and Access Bank to stop Fubara from further allowing him to access money from the Consolidated Revenue and Federation Account.

The Star

Segun Ojo

Recent Posts

Flood kills 51 in Spain

51 people have been confirmed dead in a flood sweeping the eastern Spanish region of…

1 hour ago

U.S. election: Kamala Harris’ lead over Trump drops to one point

Vice President Kamala Harris' lead over Donald Trump has dwindled in the final stretch of…

2 hours ago

Ebonyi varsity bans post-examination celebration by final year students

The management of Ebonyi State University (EBSU) has placed a ban on post-examination celebration in…

3 hours ago

Man United put Antony on transfer list as Adebayor urged to become politician in Togo

Manchester United have placed Antony on the transfer list following the sacking of Erik ten…

5 hours ago

Amorim breaks silence on Manchester United move

Ruben Amorim has broken silence as Manchester United and Sporting remain in advanced negotiations for…

6 hours ago

Kano governor approves N71,000 minimum wage for workers

Kano State Governor Abba Yusuf has approved a new minimum wage of N71,000 for civil…

6 hours ago

This website uses cookies.