Close Menu
Vardiafrica
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

President Tinubu Directs Renewed Hope Ambassadors to Distribute Rice Nationwide

March 15, 2026

President Tinubu Hosts Sultan of Sokoto at Presidential Villa

March 15, 2026

SERAP urges Tinubu to probe alleged N5.9bn NNPC rebranding expenditure

March 15, 2026
Facebook X (Twitter) Instagram
Trending
  • President Tinubu Directs Renewed Hope Ambassadors to Distribute Rice Nationwide
  • President Tinubu Hosts Sultan of Sokoto at Presidential Villa
  • SERAP urges Tinubu to probe alleged N5.9bn NNPC rebranding expenditure
  • NCAA summons Air Peace over flight disruptions, passenger complaints
  • No Going Back On FAAN’s Cashless Policy, Says Keyamo
  • 33 Young Engineers Begin Training in Pipeline Pigging, Corrosion Control, as NCDMB Reiterates Mandate
  • Tinubu charges media to hold states and local governments accountable 
  • Central Bank Sets N20,000 Limit On Newly Activated Banking Apps For First 24 Hours
Facebook X (Twitter) Instagram
VardiafricaVardiafrica
Demo
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance
Vardiafrica
Home»Legal»Court Stops CBN From Releasing Allocation To Rivers Govt
Legal

Court Stops CBN From Releasing Allocation To Rivers Govt

VardiafricaBy VardiafricaOctober 30, 2024No Comments16 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Justice Joyce Abdulmalik of the Federal High Court Abuja has stopped the Central Bank of Nigeria (CBN) from further releasing monthly financial allocations to the Rivers State Government.

Justice Abdulmalik held that the receipt and disbursement of monthly allocations since January this year by the Rivers State Governor, Siminalayi Fubara, was a breach of the Constitution and an aberration that must not be allowed to continue.

The judge held that the presentation of the 2024 budget by Fubara before a four-member Rivers House of Assembly was an affront to the constitutional provision.

Justice Abdulmalik specifically said that the governor’s action was a gross violation of the 1999 Constitution.

The judge subsequently restrained the Central Bank of Nigeria, the Accountant General of the Federation, Zenith Bank and Access Bank from further allowing Fubara to access money from the Consolidated Revenue and Federation Account.

Earlier in October, the Court of Appeal in Abuja affirmed the judgment of the Federal High Court which set aside the N800 billion budget passed by five members of the Rivers State House of Assembly which was led by Edison Ehie-led.

The appellate court dismissed the appeal filed by Fubara on grounds that it lacked merit.

The court held that Fubara withdrew his counter-affidavit at the lower court in the matter and as such cannot commence an appeal in a matter he did not challenge at the trial stage.

In the unanimous judgement, the court said that Governor Fubara is expected to apply the rule of law and not the rule of might.

The court further says that the situation in Rivers State House of Assembly is an executive dictatorship by the governor and a joke taken too far.

Justice Omotosho had nullified the 2024 Rivers budget passed by pro-Fubara lawmakers and set aside the presentation and passage of the Rivers State 2024 budget.

In the judgment delivered Omotoso ordered the governor to re-present the budget to the legally constituted House of Assembly under Martin Amaewhule.

Fubara had presented the budget titled: ‘Budget of Renewed Hope, Consolidation and Continuity’ of N800 billion to five out of the over 30 lawmakers of the state house of assembly in December 2023.

In the judgment, Justice Omotoso ordered Fubara to release all funds accruable to the Rivers House of Assembly and barred the governor from interfering with the activities of the assembly

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Vardiafrica
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

Related Posts

IGP Asks Court To Dismiss El-Rufai’s ₦1bn Enforcement Suit

March 12, 2026

Gov Aiyedatiwa loses appeal against suit challenging his eligibility for 2028 Ondo guber

March 9, 2026

Appeal Court Affirms Judgment Barring INEC From Validating PDP Convention

March 9, 2026

Leave A Reply Cancel Reply

Top Posts

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202495

Trump set for White House return, vows to sign 100 Executive Orders in ‘Hours’ 

January 20, 202549

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 202545

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202442
Don't Miss
Government
Government By VardiafricaMarch 15, 20263 Mins Read0

President Tinubu Directs Renewed Hope Ambassadors to Distribute Rice Nationwide

By VardiafricaMarch 15, 20260 Government 03 Mins Read

President Bola Tinubu has directed the Renewed Hope Ambassadors to distribute rice to Nigerians to…

President Tinubu Hosts Sultan of Sokoto at Presidential Villa

March 15, 2026

SERAP urges Tinubu to probe alleged N5.9bn NNPC rebranding expenditure

March 15, 2026

NCAA summons Air Peace over flight disruptions, passenger complaints

March 15, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the verified news.

Email Us: info@vardiafrica.com
Contact: +234 905 338 5856

Facebook X (Twitter) Instagram YouTube WhatsApp
Our Picks

President Tinubu Directs Renewed Hope Ambassadors to Distribute Rice Nationwide

March 15, 2026

President Tinubu Hosts Sultan of Sokoto at Presidential Villa

March 15, 2026

SERAP urges Tinubu to probe alleged N5.9bn NNPC rebranding expenditure

March 15, 2026
Most Popular

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202495

Trump set for White House return, vows to sign 100 Executive Orders in ‘Hours’ 

January 20, 202549

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 202545

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