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    Court bars CBN from releasing allocation to Rivers

    Vincent OsuwoBy Vincent OsuwoOctober 30, 2024No Comments1 Min Read
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    Court: Fubara presents 2024 Rivers budget to lawmakers
    Fubara presenting the 2024 Rivers budget to lawmakers
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    Justice Joyce Abdulmalik of the Federal High Court sitting in Abuja on Wednesday stopped the Central Bank of Nigeria (CBN) from further releasing monthly financial allocations to the Rivers State Government.

    The court ruled that Governor Siminalayi Fubara’s presentation of the 2024 budget to a four-member Rivers House of Assembly violated constitutional provisions.

    She called Fubara’s receipt and disbursement of monthly appropriations since January of this year a constitutional somersault and aberration that cannot be tolerated.

    Justice Abdulmalik further ruled that Fubara’s actions in executing an illegal budget constituted gross violations of the 1999 Constitution, which he promised to safeguard.

    She then directed the CBN, the Accountant General of the Federation, Zenith Bank, and Access Bank to prevent Fubara from further accessing funds from the Consolidated Revenue and Federation Account.

    Fubara presented the 2024 Appropriation Bill to five members of the state House of Assembly who are loyal to him on 13 December, 2023..

    The presentation occurred just minutes after the demolition of the Rivers State House of Assembly complex began.

    The 27 House members loyal to the Minister of the Federal Capital Territory, Nyesom Wike, were absent from the meeting.

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    Three ministers quit as Tinubu enforces Electoral Act

    Three ministers resign as Tinubu enforces Electoral Act

    April 1, 2026
    The Central Bank of Nigeria (CBN) has instructed banks to complete a mandatory cybersecurity self-assessment within three weeks

    CBN orders banks to complete cybersecurity self-assessment

    April 1, 2026
    Plateau State residents were thrown into mourning and shock on Tuesday following the discovery of a woman’s corpse in a river in the Bukuru Lowcost community in the Jos South Local Government Area of the state.

    Plateau woman’s corpse found in river raises fears of reprisal murder

    April 1, 2026
    Terrorist rehabilitation does not honor soldiers killed by bandits - Lawyer

    Terrorist rehabilitation does not honor soldiers killed by bandits – Lawyer

    April 1, 2026
    Sanwo-Olu The Lagos State Internal Revenue Service has declared that it will use third-party agents to collect unpaid taxes from defaulting taxpayers, including banks, employers, debtors, tenants, and business partners.

    Sanwo-Olu launches 2026 Lagos economic blueprint

    April 1, 2026
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