The Central Bank of Nigeria (CBN) has been ordered by a federal high court sitting in Abuja not to further release financial allocations to the Rivers state government.
The court held that monies from the federation account should not be released to the state pending the passage of a lawful appropriation act by a validly constituted house of assembly.
Joyce Abdulmalik, presiding judge, issued the verdict on Wednesday while delivering judgment on a suit filed by the Rivers state house of assembly led by Martins Amaewhule.
Abdulmalik held that Siminalayi Fubara, the Rivers governor, was wrong to have presented the state’s 2024 Appropriation Bill to a five-member assembly “that was not properly constituted”.
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