A suit filed by the Osun State Government against the Central Bank of Nigeria (CBN) and the Accountant General of the Federation (AGF) was heard at the Federal High Court on Monday, with Justice Emeka Nwite presiding over the case.
The article states that the lawsuit is part of an ongoing “legal tussle” between the state and the apex bank over the disbursement of local government allocations.
The Osun State Government alleged that the CBN and the Office of the AGF are plotting to divert “funds meant for local governments into private accounts” operated by individuals who are “impersonating government officials.”
The state government views this as a “gross violation of public finance regulations and the Nigerian Constitution.”
The state also argued that the plan would “undermine pending legal actions before the Supreme Court” regarding the administration of local government funds.
The dispute stems from a political conflict between officials of the All Progressives Congress (APC) and the Peoples Democratic Party (PDP) following “conflicting court rulings” on the legitimacy of the October 2022 local government elections.
Join Informant Online WhatsApp Channel With Link Below: https://whatsapp.com/channel/0029VaihFajBadmT29ufud2
To Publish Articles, News, Place Advert, Contact Informant Online With Email Link Below: informantonline.com.ng@gmail.com
