Court Blocks CBN from Releasing Funds to Rivers State

An Abuja Federal High Court has ordered the Central Bank of Nigeria (CBN) to stop disbursing monthly funds to the Rivers State government, potentially impacting the state’s budget and essential services. The order was issued by Justice Joyce Abdulmalik on Wednesday. Eyes Of Lagos reports,

According to her, the receipt and disbursement of monthly allocations since January this year by governor Siminalayi Fubara is a Constitutional sommersault and aberration that must not be allowed to continue.

She 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.

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