December 10, 2024
Justice Abdulmalik Orders CBN to Stop Financial Releases to Rivers State Government
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Justice Abdulmalik Orders CBN to Stop Financial Releases to Rivers State Government

Justice Abdulmalik Orders CBN to Stop Financial Releases to Rivers State Government

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

The ruling came after the court determined that Governor Siminalayi Fubara’s receipt and disbursement of these funds since January, as well as the presentation of the 2024 budget to a four-member House of Assembly, violated constitutional provisions.

Justice Abdulmalik described the governor’s actions as a breach of the 1999 Constitution and subsequently restrained the CBN, Accountant General of the Federation, and two banks from allowing Mr. Fubara access to state funds.

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