BREAKING: Court stops further release of financial allocation to Rivers

A Federal High Court in Abuja has restrained the Central Bank of Nigeria (CBN) from further releasing financial allocations to the Rivers State Government pending when a lawful appropriation act is passed by a validly constituted House of Assembly.

Justice Joyce Abdulmalik issued the order on Wednesday in a  judgment on a suit filed by the Rivers State House of Assembly led by Martins Amaewhule.

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Justice Abdulmalik held that the decision by Governor Siminalayi Fubara to present the Rivers State’s 2024 Appropriation Bill to a four-member Assembly, that was not properly constituted, should not be allowed to stand.

Details shortly…

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