CBN, AGF – Full List Of Those Court Stopped From Releasing Allocation To Rivers Government

informantonline.com.ng

October 30, 2024
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The Federal High Court in Abuja has issued an order prohibiting the Central Bank of Nigeria (CBN) from releasing monthly financial allocations to the Rivers State government.

This ruling also extends to the Accountant-General of the Federation (AGF), as well as Zenith Bank and Access Bank, where the state government maintains accounts.

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In her judgment, Justice Joyce Abdulmalik stated that Governor Siminalayi Fubara’s receipt and disbursement of monthly allocations since January 2024 constitutes a significant constitutional breach that cannot be permitted to continue.

Justice Abdulmalik described Fubara’s presentation of the 2024 Budget to a four-member Rivers House of Assembly as a violation of constitutional provisions.

She emphasized that Fubara’s implementation of an unlawful budget reflects serious infringements of the 1999 Constitution, which he vowed to uphold.

As a result, the judge ordered the CBN, AGF, Zenith Bank, and Access Bank to prevent Fubara from accessing funds from the Consolidated Revenue and Federation Account.