The federal high Court in Abuja has stopped the Central Bank of Nigeria CBN from further releasing monthly financial allocations to Rivers state government.
The court presided over by Justice Joyce Abdul Malik ruled on Wednesday that the receipt and disbursement of monthly allocations since January this year by governor Siminalayi Fubara is a purely against the provisions of the nation’s Constitution and aberration that must not be allowed to continue.
Justice Joyce Abdulmalik further held that the presentation of the 2024 budget by Fubara before a 4-member Rivers House of Assembly was an affront to the Constitutional provision.
Specifically, the Judge said that Fubara action in implementing unlawful budget smacked gross violations of the 1999 Constitution he swore to protect.
The judge therefore restrainined CBN, Accountant General of the Federation, Zenith Bank and Access Bank from further allowing Fubara to access money from the Consolidated Revenue and Federation Account.
Recall that a former military group in the South South had predicted this ruling on.monday, even as it threatened to return to war after with the state if the court makes such order.
While the group had accused former governor and minister of the FCT, Nyesom Wike of being behind the plot, the Rivers state chapter of the All Progressives Congress (APC), loyal to the ministry said it was the party that dragged the matter to court and not Wike
