Close Menu
Chronicle NG
    Trending Stories
    Kylian Mbappe unveiled as Real Madrid player

    ‘Mbappe out’ petition gets over 70m Madrid fans’ signatures

    May 11, 2026
    Iran to mark Eid al-Fitr tomorrow

    Iran executes man accused of spying for CIA, Mossad

    May 11, 2026
    Police bust spirit fraud syndicate targeting Kano residents

    Police arrest Ogene Jude, 11 other cultists in Edo

    May 11, 2026
    Facebook X (Twitter) Instagram
    Trending
    • ‘Mbappe out’ petition gets over 70m Madrid fans’ signatures
    • Iran executes man accused of spying for CIA, Mossad
    • Police arrest Ogene Jude, 11 other cultists in Edo
    • Gunmen kill UNIBEN student, injure others
    • Abbas seeks fifth term, says 2027 not time for experiment
    • WHO oversees evacuation of Hantavirus-hit cruise ship in Spain
    • Barcelona clinch La Liga title after beating Real Madrid 2-0
    • Adeleke names Victoria Samson as new UNIOSUN chancellor
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Monday, May 11
    • 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

    Iran to mark Eid al-Fitr tomorrow

    Iran executes man accused of spying for CIA, Mossad

    Police bust spirit fraud syndicate targeting Kano residents

    Police arrest Ogene Jude, 11 other cultists in Edo

    Gunmen kill UNIBEN student, injure others

    Gunmen kill UNIBEN student, injure others

    Speaker Abbas Tajudeen addressing supporters during his fifth term declaration rally in Zaria.

    Abbas seeks fifth term, says 2027 not time for experiment

    The MV Hondius cruise ship anchored offshore near Tenerife during emergency Hantavirus evacuation operations.

    WHO oversees evacuation of Hantavirus-hit cruise ship in Spain

    Osun 2026: Adeleke joins Accord Party after dumping PDP

    Adeleke names Victoria Samson as new UNIOSUN chancellor

    Subscribe to News

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

    Kylian Mbappe unveiled as Real Madrid player

    ‘Mbappe out’ petition gets over 70m Madrid fans’ signatures

    May 11, 2026
    Iran to mark Eid al-Fitr tomorrow

    Iran executes man accused of spying for CIA, Mossad

    May 11, 2026
    Police bust spirit fraud syndicate targeting Kano residents

    Police arrest Ogene Jude, 11 other cultists in Edo

    May 11, 2026
    Gunmen kill UNIBEN student, injure others

    Gunmen kill UNIBEN student, injure others

    May 11, 2026
    Speaker Abbas Tajudeen addressing supporters during his fifth term declaration rally in Zaria.

    Abbas seeks fifth term, says 2027 not time for experiment

    May 11, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

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