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

Crisis: Saraki Leads PDP Delegation To Enugu, Meets Gov Mbah

May 23, 2025

Defect with me or resign – Akwa Ibom state governor, Umo Eno tells his Commissioners

May 23, 2025

Harvard sues the Trump administration over ban on enrolling foreign students

May 23, 2025
Facebook X (Twitter) Instagram
Trending
  • Crisis: Saraki Leads PDP Delegation To Enugu, Meets Gov Mbah
  • Defect with me or resign – Akwa Ibom state governor, Umo Eno tells his Commissioners
  • Harvard sues the Trump administration over ban on enrolling foreign students
  • FCTA set to take possession of 4794 revoked properties
  • Denmark raises retirement age to 70 — the highest in Europe
  • Sit-At-Home Order Losing Grip, Southeast Security Improving – Ribadu
  • President Trump bars Harvard from enrolling international students
  • INEC creates AI division to modernise electoral process
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 Comments2 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

Akpabio, Yahaya Bello to testify as FG files criminal charge against Natasha Akpoti

May 22, 2025

FG Defends Rivers State Emergency Rule At Supreme Court

May 11, 2025

Court Dismisses MultiChoice’s Suit Against FCCPC, Affirms Company’s Right To Set Prices

May 8, 2025

Leave A Reply Cancel Reply

Top Posts

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202483

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

January 20, 202546

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

October 15, 202440

FG Reportedly Lists 15 Persons, BDCs As Terrorism Financiers

March 20, 202427
Don't Miss
Politics
Politics By VardiafricaMay 23, 20253 Mins Read0

Crisis: Saraki Leads PDP Delegation To Enugu, Meets Gov Mbah

By VardiafricaMay 23, 20250 Politics Updated:May 23, 202503 Mins Read

In a bid to address the crisis rocking the Peoples Democratic Party, (PDP), the party’s…

Defect with me or resign – Akwa Ibom state governor, Umo Eno tells his Commissioners

May 23, 2025

Harvard sues the Trump administration over ban on enrolling foreign students

May 23, 2025

FCTA set to take possession of 4794 revoked properties

May 23, 2025
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

Crisis: Saraki Leads PDP Delegation To Enugu, Meets Gov Mbah

May 23, 2025

Defect with me or resign – Akwa Ibom state governor, Umo Eno tells his Commissioners

May 23, 2025

Harvard sues the Trump administration over ban on enrolling foreign students

May 23, 2025
Most Popular

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202483

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

January 20, 202546

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

October 15, 202440

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