JUST IN: Court stops CBN from releasing Financial allocation to River State
The federal high court in Abuja, led by Justice Joyce Abdulmalik, has ordered the Central Bank of Nigeria to stop River State monthly financial allocation.
Joyce Abdulmalik started the Governor of River State, Governor Siminalayi Fubara to go against the constitution by presenting the state’s 2024 Appropriation Bill to a five-member assembly “that was not properly constituted”.
She also stated that the disbursement of River State’s monthly financial allocation since January has been inappropriate.
Justice Joyce Abdulmalik also held that Governor Siminalayi Fubara’s implementation of the state budget is unlawful and against the 1999 constitution, on which he swore into power.
Siminalayi Fubara in December 2023, presented an N800 billion budget estimate to the Edison Ehie faction of the house of assembly.
The budget was titled ‘Budget of Renewed Hope, Consolidation and Continuity’, which was held at the governor’s house.
Also Read: RCCG pastor accused of S*xually @buse of Teenagers
In July River State House of Assembly filed a law suit which was led by Amaewhule, the suit was marked FHC/ABJ/CS/984/24 against the CBN and nine others.
The court has dismissed all objections by Siminalayi Fubara, and all transactions on the state accounts be placed on hold.
Justice Joyce also restrained the 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.
More details coming soon……
