Further releasing of monthly financial allocations by the Central Bank of Nigeria (CBN), to the Rivers State government was Wednesday stopped by the Federal High Court in Abuja.
The court held that the receipt and disbursement of monthly allocations since January this year by Governor Siminalayi Fubara was a constitutional somersault and aberration that must not be allowed to continue.
Justice Joyce Abdulmalik, who issued the order on Wednesday, held that the presentation of the 2024 budget by Fubara before a four-member Rivers State House of Assembly was an affront to the Constitutional provision.
The Judge specifically, said that Fubara’s action in implementing unlawful budget smacked gross violations of the 1999 Constitution he swore to protect.
The court therefore restrained the CBN, the Accountant-General of the Federation, Zenith Bank and Access Bank from further allowing Fubara to access money from the Consolidated Revenue and Federation Account.
