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Breaking News : Court Stops CBN, Two Other Banks From Releasing Allocation To Rivers Govt

 


Justice 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 somersault 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




Justice Abdulmalik consequently directed the Office of the Accountant- General, CBN, Zenith Bank and Access Bank from allowing the Rivers State any access to the Consolidated Revenue Account.

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