By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Court Halts CBN From Releasing Funds to Rivers State Government
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Court Halts CBN From Releasing Funds to Rivers State Government

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: October 30, 2024
Share
1 Min Read
Rivers State Governor, Siminalayi Fubara
Rivers State Governor, Siminalayi Fubara
SHARE

Justice Joyce Abdulmalik of the Federal High Court in Abuja has issued a ruling stopping the Central Bank of Nigeria (CBN) from further releasing monthly financial allocations to the Rivers State Government.

The decision comes amid concerns over constitutional violations by the state’s governor, Siminalayi Fubara.

In her ruling, Justice Abdulmalik held that the receipt and disbursement of monthly allocations by Governor Fubara since January 2024 were in breach of the Nigerian Constitution. The court declared that the presentation of the 2024 budgetby Fubara before a four-member Rivers House of Assembly was unconstitutional and an “aberration” that could not be allowed to continue.

The judge stated that Governor Fubara’s actions amounted to a “gross violation” of the 1999 Constitution, emphasizing the need to uphold the integrity of constitutional provisions.

- Advertisement -

As a result, the court has restrained the CBN, the Accountant General of the Federation, Zenith Bank, and Access Bank from allowing Governor Fubara to access funds from the Consolidated Revenue and Federation Account until further notice.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:CBNConstitutionCourt RulingFinancial AllocationsJustice Joyce AbdulmalikRivers State GovernmentSiminalayi Fubara
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByMuhammad A. Aliyu
Follow:
Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
Previous Article Ngozi Nwosu Actress Ngozi Nwosu Declares She Won’t Offer Free Services to Abia State After Lack of Support During Health Crisis
Next Article Senate Confirms Seven Ministerial Nominees Appointed by President Tinubu

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Okay.ng Logo

Parallel Market Rates

USD
Buy₦1,550.00
Sell₦1,560.00
GBP
Buy₦2,130.00
Sell₦2,170.00
EUR
Buy₦1,750.00
Sell₦1,790.00

Updated: 23 hours ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

0.00
ShareShareShare

Rates are for informational purposes only.

Okay.ng Logo Parallel Market Rates
USD
Buy
Sell
GBP
Buy
Sell
EUR
Buy
Sell
| okay.ng
- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Judiciary’s Role Crucial in Strengthening Nigeria’s Capital Market, Says VP Shettima
Economy
Tensions Mount in Senate as Senator Natasha Set to Make Controversial Return
News
ADC Accuses Presidency of Undermining Opposition Amidst Coalition Turmoil
Politics Top stories
Flood Devastation in Ondo Communities Sparks Urgent Calls for Government Intervention
News
Security and Electoral Bodies Confirm Full Preparedness for Upcoming Anambra Elections
News
- Advertisement -
Ad imageAd image

You May Also Like

Ruth Kadiri
Celebrities

Ruth Kadiri Reveals Why She Keeps Her Marriage Private

Damilola A.
Damilola A.
July 7, 2025
International

Trump Rages at Elon Musk’s ‘America Party’, Calls Move a “Train Wreck”

Damilola A.
Damilola A.
July 7, 2025
NewsSecurity

Anambra Police Intensify Crackdown on Cult Activities Amid Security Concerns

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 7, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?