President Bola Tinubu’s administration has confirmed that it has stopped the October monthly Federation Account Allocation Committee (FAAC) revenue payment to Rivers State......See Full Story>>.....See Full Story>>
This was disclosed in a statement by the spokesman of the Office of the Accountant General of the Federation, Mr Bawa Mokwa.
He said the decision is in respect to the court injunction over the political situation in the oil rich state.
Though, this development comes amid the ongoing face-off between Simi Fubara and the Minister of Federal Capital Territory, Nyesome Wike.
Mokwa revealed that the Office of the Accountant General of the Federation (OAGF) will respect the court order, which barred the Central Bank of Nigeria (CBN) and the Nigerian government from disbursing monthly allocations to the Rivers State government.
He said, “What I got is that the October 2024 FAAC has not been distributed yet. However, the Federal Government will obey the court order on the matter of Rivers State allocation.
“We are going to follow due diligence as long as there is no contrary order. In case there is a contrary, the status will remain.”
He added, “The process of disbursement of the October 2024 monthly allocation is going.”
Meanwhile, the court order throwing up this commotion was obtained by the factional Rivers State Assembly, led by Martin Amaewhule, who had filed an originating summons against the Rivers State Executive, under the leadership of Simi Fubara.
The Amaewhule faction had alleged that the Rivers State Executive was yet to comply with the order of a Federal High Court directing it to re-present the 2024 appropriation bill to the faction of the Rivers State House of Assembly.