Court orders CBN to freeze Rivers State allocations

The Federal High Court in Abuja, has ordered the Central Bank of Nigeria (CBN), to suspend the release of monthly financial allocations to the Rivers State Government

This decision follows Governor Siminalayi Fubara’s alleged breach of constitutional provisions by presenting the 2024 budget to a four-member Rivers House of Assembly.

According to Channels TV, the court ruled that Fubara’s actions since January violated the 1999 Constitution.

Consequently, the CBN, Accountant General of the Federation, Zenith Bank, and Access Bank are barred from allowing Fubara access to funds from the Consolidated Revenue and Federation Account.

This development stems from a lawsuit filed by a faction of the Rivers State House of Assembly, led by RT Hon Martin Amaewhule, challenging the governor’s presentation of the budget to the rival assembly faction led by RT Hon Edison Ehie.

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