Court order freezes CBN allocation to Rivers state

Court order freezes CBN allocation to Rivers state

Visit Leadership News

LEADERSHIP

Jolustice Joyce Abdulmalik of the Federal High Court in Abuja, on Wednesday, stopped the Central Bank of Nigeria (CBN) from further releasing monthly allocations from the Federation Account to Rivers State government.

The court held that the receipt and disbursement of monthly allocations since January this year by Governor Siminalayi Fubara was a constitutional sommersault and aberration that must not be allowed to continue.

The Court held that the presentation of the 2024 budget of Rivers State by Governor Fubara before a 4-member Rivers House of Assembly was an affront to the Constitutional provision.

Specifically, the Judge said that Fubara’s action in implementing unlawful budget smacked gross violations of the 1999 Constitution he swore to protect.

The judge, therefore, restrainined CBN, Accountant…

More

Leave a Reply

Your email address will not be published. Required fields are marked *

Court order freezes CBN allocation to Rivers state

 

Log In

Or with username:

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.