Gov Fubara
Court stops CBN from releasing allocation to Rivers Govt
The Federal High Court in Abuja has ordered the Central Bank of Nigeria, CBN, to stop further release of the monthly financial allocations to the Rivers State Government.
Justice Joyce Abdulmalik, who issued the order on Wednesday, held that the receipt and disbursement of monthly allocations since January this year by Governor Siminalayi Fubara was unconstitutional and aberration and should not continue.
The stated that the presentation of the 2024 budget by Fubara before a four-member Rivers House of Assembly was against the Constitutional provision.
The judge said specifically that Fubara’s implemention of unlawful budget was gross violations of the 1999 Constitution he swore to protect.
Consequently, the judge restrained the CBN, the 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.
About The Author
