Close Menu
Chronicle NG
    Trending Stories
    Ekiti 2026: APC confirms Oyebanji as consensus candidate after Omolayo’s withdrawal 

    APC confirms Oyebanji as 2026 Ekiti governorship candidate

    October 27, 2025
    Trump threatens additional 10% tariffs on BRICS, partner countries

    Trump undergoes MRI scan over health concerns

    October 27, 2025
    Four killed in Cameroon as opposition protests Biya's re-election

    Four killed in Cameroon as opposition protests Biya’s re-election

    October 27, 2025
    Facebook X (Twitter) Instagram
    Trending
    • APC confirms Oyebanji as 2026 Ekiti governorship candidate
    • Trump undergoes MRI scan over health concerns
    • Four killed in Cameroon as opposition protests Biya’s re-election
    • Biya re-elected for 8th term as Cameroon president
    • JAMB approves 85 underage candidates for exceptional admission
    • PDP postpones screening of aspirants for national convention
    • Kanu cancels plan to enter defence, insists on no-case submission
    • Police warn Sowore against protests over Lagos demolitions
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Monday, October 27
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    Court bars CBN from releasing allocation to Rivers

    Vincent OsuwoBy Vincent OsuwoOctober 30, 2024No Comments1 Min Read
    Facebook Twitter Telegram WhatsApp
    Court: Fubara presents 2024 Rivers budget to lawmakers
    Fubara presenting the 2024 Rivers budget to lawmakers
    Facebook Twitter WhatsApp

    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.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Ekiti 2026: APC confirms Oyebanji as consensus candidate after Omolayo’s withdrawal 

    APC confirms Oyebanji as 2026 Ekiti governorship candidate

    Trump threatens additional 10% tariffs on BRICS, partner countries

    Trump undergoes MRI scan over health concerns

    Four killed in Cameroon as opposition protests Biya's re-election

    Four killed in Cameroon as opposition protests Biya’s re-election

    President Paul Biya has been leader of Cameroon since 1982

    Biya re-elected for 8th term as Cameroon president

    JAMB registrar fires back at critics over resignation calls, 'truck pushers cannot direct pilots'

    JAMB approves 85 underage candidates for exceptional admission

    2027: PDP zoning ticket to South shows insensitivity to problems in Nigeria - ADC

    PDP postpones screening of aspirants for national convention

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Ekiti 2026: APC confirms Oyebanji as consensus candidate after Omolayo’s withdrawal 

    APC confirms Oyebanji as 2026 Ekiti governorship candidate

    October 27, 2025
    Trump threatens additional 10% tariffs on BRICS, partner countries

    Trump undergoes MRI scan over health concerns

    October 27, 2025
    Four killed in Cameroon as opposition protests Biya's re-election

    Four killed in Cameroon as opposition protests Biya’s re-election

    October 27, 2025
    President Paul Biya has been leader of Cameroon since 1982

    Biya re-elected for 8th term as Cameroon president

    October 27, 2025
    JAMB registrar fires back at critics over resignation calls, 'truck pushers cannot direct pilots'

    JAMB approves 85 underage candidates for exceptional admission

    October 27, 2025
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2025 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.