Court Orders CBN to Halt Monthly Allocations to Rivers State – Landslide News
  • Latest
  • Trending
  • All
  • Business
  • Politics
  • Global
  • Lifestyle
  • Tech

Court Orders CBN to Halt Monthly Allocations to Rivers State

October 30, 2024

Court Clears Goodluck Jonathan to Contest 2027 Presidential Election

May 26, 2026

FG cancels $717m World Bank power loan amid blackouts

May 26, 2026

Atiku Defeats Amaechi, Wins ADC Presidential Primary in Ebonyi

May 26, 2026

Wike speaks as Fubara quits Rivers guber race, backs Chinda

May 26, 2026

I Don’t Need More Than Four Years to Rebuild Enugu – Uche Nnaji

May 26, 2026

Obi’s Christian Supporters Now Backing Tinubu Yilwatda

May 26, 2026

Senator Shehu Buba Umar Dumps APC

May 26, 2026

Leicester Confirm Aribo Exit After Loan Spell

May 25, 2026

NCF names Stephen Mangongo new Nigeria cricket coach

May 25, 2026

Tinubu says opposition without clear vision won’t be allowed to take Nigeria backward in 2027

May 25, 2026

Rennes Eye Move for Nigerian Wonderkid Zadok Yohanna

May 25, 2026

Okpekpe Road Race Set for Worldwide Streaming on May 30

May 25, 2026
Landslide News
  • Home
  • Breaking News
  • Global
  • Business
  • Entertainment
    • Movies
    • Music
  • Fashion
  • Health
  • Lifestyle
  • Politics
  • Sports
  • Advertise
Create a Channel
No Result
View All Result
Landslide News
  • Home
  • News Insights @ LandslideNews
  • Breaking News
  • Politics
  • Global
  • Business
  • Entertainment
    • Movies
    • Music
  • Fashion
  • Health
  • Lifestyle
  • Sports
  • Tech
  • Advertise

Court Orders CBN to Halt Monthly Allocations to Rivers State

byGrace Amos
October 30, 2024
in Breaking News, Politics
0

In a decisive ruling on Wednesday, Justice Joyce Abdulmalik of the Federal High Court in Abuja ordered the Central Bank of Nigeria (CBN) to halt further disbursement of monthly financial allocations to the Rivers State Government. The judgment comes amid controversy surrounding Governor Siminalayi Fubara’s 2024 budget presentation before a four-member Rivers House of Assembly, which Justice Abdulmalik described as a “blatant affront to constitutional provisions.”

The court highlighted that Governor Fubara’s ongoing receipt and use of monthly federal allocations since January constitute a “constitutional somersault” that undermines the integrity of Nigeria’s legal framework. Justice Abdulmalik characterized these actions as gross violations of the 1999 Constitution, emphasizing that they must be immediately halted to uphold the rule of law.

In her ruling, Justice Abdulmalik instructed the CBN, alongside the Accountant General of the Federation and key financial institutions including Zenith Bank and Access Bank, to prevent Fubara from accessing funds from the Consolidated Revenue and Federation Account until further notice.

This court decision amplifies mounting legal and political scrutiny over the Rivers State budgetary process, especially given the constitutional implications of Fubara’s budget activities. Legal analysts have warned of escalating tensions if the Rivers State government does not address these judicial concerns swiftly.

The Rivers State government has yet to respond to the ruling, which raises pivotal questions about financial governance and constitutional adherence in state budgetary processes across Nigeria.

Grace Amos

Grace Amos

Related Posts

Court Clears Goodluck Jonathan to Contest 2027 Presidential Election

byMmekili Isichei-Okafor
33 minutes ago
0

Former President Goodluck Jonathan has been cleared by a Federal High Court in Abuja to contest the 2027 presidential election....

Atiku Defeats Amaechi, Wins ADC Presidential Primary in Ebonyi

byMmekili Isichei-Okafor
2 hours ago
0

Former Vice President Atiku Abubakar has emerged winner of the African Democratic Congress (ADC) presidential primary election in Ebonyi State...

Wike speaks as Fubara quits Rivers guber race, backs Chinda

byRosemary Ani Pius
2 hours ago
0

Federal Capital Territory Minister, Nyesom Wike, has disclosed that Rivers State Governor Siminalayi Fubara’s withdrawal from the All Progressives Congress...

I Don’t Need More Than Four Years to Rebuild Enugu – Uche Nnaji

byMmekili Isichei-Okafor
2 hours ago
0

  Former Minister of Innovation, Science and Technology, Uche Nnaji, has declared that he needs only one four-year term to...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.