Federal Government Suspends Rivers State FAAC Allocation
The Federal Government has confirmed the suspension of Rivers State FAAC allocation.
This move is in compliance with a recent court order.
The court has earlier ordered the federal government to suspend Rivers State FAAC allocation due to irregularities surrounding the local government election and non compliance to INEC regulations.
The federal government disclosed that the monthly financial allocation from the Federation Account Allocation Committee (FAAC) would no longer be paid to the Rivers State government.
This announcement was made by Bawa Mokwa, the spokesperson of the Office of the Accountant General of the Federation.
Bawa Mokwa said the office of the accountant general made the decision in obedience to a court order on the political situation in Rivers State.
Meanwhile, Mokwa confirmed that the federal government is yet to pay any state of the federation the FAAC for the month of October.
He however said that, the FG will respect the court order on Rivers State whenever payment will be made to all the states of the federation.
“What I got is that the October 2024 FAAC has not been distributed yet. However, the Federal Government will obey the court order on the matter of Rivers State allocation,” He said.
Celebritynote recalls that a court had earliy ordered the Central Bank of Nigeria (CBN) and the federal government to stop the payment of FAAC revenue to Rivers State.
Additionally, the ruling issued by Justice Joyce Abdulmalik of Abuja Federal High Court prohibited the CBN, the Accountant-General of the Federation, Zenith Bank, and Access Bank from granting Governor Sim Fubara access to funds from the Federation Account.
The court order remains valid until Rivers State Governor, Sim Fubara, presents the state’s budget to the House of Assembly again.
