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

November Nightmare: Naira Sinks Deeper as Foreign Currencies Tighten Their Grip
Business & Finance

November Nightmare: Naira Sinks Deeper as Foreign Currencies Tighten Their Grip

November 27, 2025
November Nightmare: Naira Sinks Deeper as Foreign Currencies Tighten Their Grip
Business & Finance

November Nightmare: Naira Sinks Deeper as Foreign Currencies Tighten Their Grip

November 26, 2025
November Nightmare: Naira Sinks Deeper as Foreign Currencies Tighten Their Grip
Business & Finance

November Nightmare: Naira Sinks Deeper as Foreign Currencies Tighten Their Grip

November 24, 2025
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

NDLEA stops drugs headed for London and Dubai at the port in Lagos.

NDLEA stops drugs headed for London and Dubai at the port in Lagos.

3 years ago
Nottingham Forest stun Manchester City with shock Callum Hudson-Odoi goal to seal 1-0 win

Nottingham Forest stun Manchester City with shock Callum Hudson-Odoi goal to seal 1-0 win

9 months ago
Popular Rapper, Eminem’s mother, Debbie Nelson Passes Away

Popular Rapper, Eminem’s mother, Debbie Nelson Passes Away

12 months ago
Naira Redesign Policy Responsible For Hunger, Economic Hardships – Tinubu’s Aide

Dollar, Euro and Pounds To Naira Exchange Rate For Today, August 17 2024

1 year 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 food 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 ukraine US
No Result
View All Result

Highlights

Prince Abdullah Claims Ronaldo Warrants His Wage, in Saudi Pro League

Carragher States Salah Has Surpassed His Prime Amid Liverpool’s Worsening Struggles

France: Government Announces Return of Mandatory National Service

General Takes Control of Guinea-Bissau After Military Power Grab

Turn NYSC Into Mini-Soldiers,’ Ashimolowo Urges Government

Why I May Have Kids Without Marriage – Mercy Eke

Trending

A Breakdown of Ulta Beauty’s "Holiday Happens Here" Campaign
Beauty

A Breakdown of Ulta Beauty’s “Holiday Happens Here” Campaign

bySomto Nwanolue
November 27, 2025
0

The annual holiday campaign is the most critical moment for any major beauty retailer, and Ulta Beauty’s...

White House Shooting Sparks Terror Alarm

White House Shooting Sparks Terror Alarm

November 27, 2025
Tinubu Hands Nigeria’s Security Strategy to US Partnership Team

Tinubu Hands Nigeria’s Security Strategy to US Partnership Team

November 27, 2025
Prince Abdullah Claims Ronaldo Warrants His Wage, in Saudi Pro League

Prince Abdullah Claims Ronaldo Warrants His Wage, in Saudi Pro League

November 27, 2025
Carragher States Salah Has Surpassed His Prime Amid Liverpool’s Worsening Struggles

Carragher States Salah Has Surpassed His Prime Amid Liverpool’s Worsening Struggles

November 27, 2025

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

  • A Breakdown of Ulta Beauty’s “Holiday Happens Here” Campaign
  • White House Shooting Sparks Terror Alarm
  • Tinubu Hands Nigeria’s Security Strategy to US Partnership Team

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