A Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) from further releasing monthly financial allocations to the Rivers state government.
The court held that the receipt and disbursement of monthly allocations since January this year by Gov. Siminalayi Fubara is a constitutional summersault and aberration that must not be allowed to continue.
Justice Joyce Abdulmalik, who issued the order on Wednesday, held that Fubara’s presentation of the 2024 budget before a four-member Rivers House of Assembly was an affront to constitutional provisions.
The judge specifically stated that Fubara’s implementation of an unlawful budget constituted grave violations of the 1999 Constitution, which he had pledged to uphold.
The judge, therefore, restrained CBN, Accountant General of the Federation, Zenith Bank, and Access Bank from further allowing Fubara to access money from the Consolidated Revenue and Federation Account.
Details shortly…
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