UPDATED: Court stops Rivers govt’s monthly allocations

The Federal High Court in Abuja restrained on Wednesday the Central Bank of Nigeria (CBN) from further releasing monthly allocations to the Rivers State Government.

The News Agency of Nigeria (NAN) reports that the order also affected the Accountant-General of the Federation (AGF) and the state government’s bankers – Zenith Bank and Access Bank.

The judge, Joyce Abdulmalik, in a judgement, held that the receipt and disbursement of monthly allocations since January 2024 by…