In a recent ruling, the Federal High Court in Abuja ordered the Central Bank of Nigeria (CBN) to stop releasing financial allocations to the Rivers State Government. This decision will remain until the Rivers State House of Assembly, legally constituted, passes a valid budget law.

Justice Joyce Abdulmalik made the ruling on October 30, following a lawsuit from the Rivers State House of Assembly members, led by Speaker Martins Amaewhule. According to Justice Abdulmalik, the Rivers State 2024 budget bill presented by Governor Siminalayi Fubara to a four-member Assembly was not lawful, as the Assembly was not fully formed.

The court’s decision reflects the ongoing political conflict in Rivers State. Tensions have been high between Governor Fubara and his predecessor, Nyesom Wike, leading to questions about the current governance and budgetary decisions in the state. This court ruling emphasizes the need for lawful procedures in budget approvals and may affect future political and financial decisions in Rivers State.

The outcome of this case could have a significant impact on the state’s finances and governance, as it highlights the importance of following proper legal frameworks in government processes.