The Federal High Court in Abuja has ordered the Accountant General and major banks to cease the release of federal funds to Rivers State....CLICK HERE TO CONTINUE READING.>>
This decision follows a ruling against Governor Siminalayi Fubara for violating constitutional guidelines in managing state finances.
Thank you for reading this post, don't forget to subscribe!Justice Joyce Abdulmalik characterized Fubara’s receipt and distribution of federal allocations as a “constitutional somersault” and imposed restrictions on accessing funds from the Consolidated Revenue and Federation Accounts.
The Central Bank of Nigeria, Accountant General, and banks such as Zenith and Access Bank are prohibited from facilitating any financial transactions for Fubara until further notice.
This ruling could significantly impact governance in Rivers State, disrupting essential services reliant on federal funding.
Stakeholders are closely monitoring the situation as further developments are expected.READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>
