The Rivers State financial allocation court case recently underwent an appeal decision that could have a significant impact on the governance and economic stability of the region. The case, which pitted Rivers State Governor Siminalayi Fubara against the Court of Appeal in Abuja, took a major turn with the reversal of the previous judgment that had restricted the Central Bank of Nigeria (CBN) and the Accountant General of the Federation from releasing allocations to the state.
In a twist, the Court of Appeal ruled in favour of the Rivers State government, effectively reversing the initial decision that had frozen funds meant for the state. The judgment delivered by Justice Abdulmalik of the Federal High Court in Abuja had caused a storm by preventing the CBN from releasing the monthly allocations to Rivers State.
The decision was based on the fact that Fubara’s presentation of the 2024 budget before an illegitimate Regional Legislative Assembly was a flagrant violation of constitutional provisions. However, the Court of Appeal held that the Federal High Court had no jurisdiction to hear the matter and therefore set aside all previous decisions.
This decision of the Court of Appeal underscores the importance of respecting constitutional principles and the separation of powers. It also highlights the crucial role of the judicial institutions in protecting the rule of law and democracy.
In a tense political context marked by major economic issues, this case illustrates the challenges faced by regional and federal governments in ensuring good governance and financial stability.
Ultimately, this decision of the Court of Appeal in favour of the Rivers State Government paves the way for a peaceful and equitable resolution of the dispute, while underscoring the importance of respecting democratic processes and constitutional principles in the management of public affairs.