Court bars CBN from paying allocation to Rivers

The presentation of the 2024 budget by Governor Siminalayi Fubara before a four -member Rivers House of Assembly was an affront to the constitutional provision.”

By Deborah Hassan

365Daily  – The Federal High Court in Abuja has stopped the Central Bank of Nigeria (CBN) from paying monthly financial allocations to Rivers State Government henceforth.

She also restrained the Accountant General of the Federation, Zenith Bank, and Access Bank from further allowing Fubara to access money from the Consolidated Revenue and Federation Account.

The presiding judge, Justice Joyce Abdulmalik, on Wednesday,  October 30, 2024, declared that the presentation of the 2024 budget by Governor Siminalayi Fubara before a four -member Rivers House of Assembly was an affront to the constitutional provision.

According to her, the receipt and disbursement of monthly aallocationsto the state since January by Fubara is a constitutional somersault and aberration which must be stopped.

She also stated that the implementation of the unlawful budget by the governor is a gross violations of the 1999 Constitution he swore to protect.

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