Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

Federal High Court Orders CBN to Withhold Rivers State’s Federal Allocation

Nnaemeka OkwarabyNnaemeka Okwara
October 30, 2024
in Business & Finance
0
Federal High Court Orders CBN to Withhold Rivers State’s Federal Allocation
Share on FacebookShare on TwitterShare on Whatsapp

The Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) from releasing monthly financial allocations  to the Rivers State government. Justice Joyce Abdulmalik delivered the judgment on Wednesday, saying that Governor Siminalayi Fubara’s presentation of the 2024 budget to a small group of 4 people in the Rivers House of Assembly was not allowed by the law.

The court said that Fubara’s actions since January 2024 were like doing a flip in the law, which is not right, and needed to be stopped. Judge Abdulmalik believed that the governor’s use of this wrong budget breaks the 1999 Constitution.

Consequently, the court told the CBN, the Accountant General of the Federation, Zenith Bank, and Access Bank not to let Governor Fubara use money from the Consolidated Revenue and Federation Account.

This development comes as Rivers State is facing a big problem, with people questioning if Fubara’s leadership is really allowed by the law.

Tags: cbnFederal Allocationfederal characterFederal high CourtFederal High Court Orders CBN to Withhold Rivers State's Federal AllocationPoliticsrivers state
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking. Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation. As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

Related Posts

ASOS Co-Founder Dies in Thailand Balcony Fall
Business & Finance

ASOS Co-Founder Dies in Thailand Balcony Fall

February 20, 2026
A Bleak Start to 2026 as Black Market FX Batters the Naira
Business & Finance

February 2026: Black Market FX Continues to Batter the Naira

February 20, 2026
Bill Gates Pulls Out of India AI Summit Hours Before Speech Amid Epstein Files Controversy
Business & Finance

Bill Gates Pulls Out of India AI Summit Hours Before Speech Amid Epstein Files Controversy

February 19, 2026
Next Post
Canada Accuses Indian Minister of Plot Against Sikh Separatists

Canada Accuses Indian Minister of Plot Against Sikh Separatists

Cristiano Ronaldo Picks Davido Over Wizkid as His Favourite Nigerian Singer

Cristiano Ronaldo Picks Davido Over Wizkid as His Favourite Nigerian Singer

FCCPC Investigates Banks Over Service Disruptions

FCCPC Investigates Banks Over Service Disruptions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Why The Average Nigerian Man Hates Feminism

Why The Average Nigerian Man Hates Feminism

4 years ago
February 2026: Black Market FX Continues to Batter the Naira

September Surrender: Naira Kneels as Dollar, Euro, Pound Dance on Its Weakness

5 months ago
Israel Strikes Back at Iran in Response to Attacks

Israel Strikes Back at Iran in Response to Attacks

2 years ago
Gombe State Government Exposes 523 Ghost Workers After Implementing Biometric Verification Register

Gombe State Government Exposes 523 Ghost Workers After Implementing Biometric Verification Register

2 years ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump UK ukraine US
No Result
View All Result

Highlights

Eric Dane, ‘Grey’s Anatomy’ and ‘Euphoria’ Star, Dead at 53

Tunisia MP Lands in Prison for a Facebook Post

ASOS Co-Founder Dies in Thailand Balcony Fall

Turkish Authorities Detain 32 in Expanding Match-Fixing and Illegal Betting Scandal

February 2026: Black Market FX Continues to Batter the Naira

How Epstein Files Toppled Royalty—While US Elites Stayed Safe

Trending

Epstein Fallout: Police Release Prince Andrew
Government

Epstein Fallout: Police Release Prince Andrew

byEriki Joan Ugunushe
February 20, 2026
0

Prince Andrew Mountbatten-Windsor, younger brother of King Charles, walked free from police custody following hours of questioning....

Do Not Give Away Diego Garcia!” Trump Warns Britain

Do Not Give Away Diego Garcia!” Trump Warns Britain

February 20, 2026
Police Raid Royal Mansion as Andrew Investigation Deepens

Police Raid Royal Mansion as Andrew Investigation Deepens

February 20, 2026
Eric Dane, 'Grey's Anatomy' and 'Euphoria' Star, Dead at 53

Eric Dane, ‘Grey’s Anatomy’ and ‘Euphoria’ Star, Dead at 53

February 20, 2026
Tunisia MP Lands in Prison for a Facebook Post

Tunisia MP Lands in Prison for a Facebook Post

February 20, 2026

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Epstein Fallout: Police Release Prince Andrew
  • Do Not Give Away Diego Garcia!” Trump Warns Britain
  • Police Raid Royal Mansion as Andrew Investigation Deepens

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com