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Court stops CBN from further release of financial allocation to Rivers
A federal high court in Abuja has restrained the Central Bank of Nigeria (CBN) from further disbursing 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.
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
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