Federal High Court Orders CBN to Halt Allocations to Rivers State Over Financial Mismanagement Allegations
On October 30, 2024, Justice Joyce Abdulmalik of the Federal High Court in Abuja issued a restraining order against the Central Bank of Nigeria (CBN), halting the release of monthly financial allocations to Rivers State. The court order stems from a legal dispute concerning the utilization and distribution of public funds allocated to the state….