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Court stops CBN, Zenith, Access banks, others from releasing federal allocation to Rivers State

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From Godwin Tsa Abuja

The Abuja division of the Federal High Court has stopped the Federal Government from further releasing monthly allocations to Rivers State.

Justice Joyce Abdulmalik in her judgment yesterday specifically restrained the Central Bank of Nigeria, CBN, from allowing the state to draw funds from the consolidated revenue account.

The judgement followed a suit marked:…

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