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Fubara reacts as Court stops FG from releasing financial allocation to Rivers

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Fubara reacts as Court stops FG from releasing financial allocation to Rivers

Rivers State Governor, Siminalayi Fubara, has reacted to the Federal High Court’s ruling that barred the Central Bank of Nigeria from releasing monthly financial allocations to the state.

Ekwutosblog reports that Justice Joyce Abdulmalik in her judgement on Wednesday found that Governor Fubara’s presentation of the 2024 budget to a four-member House of Assembly breached constitutional protocol.

The judge contended that the governor’s actions ignored constitutional requirements for budget approval by a fully constituted House of Assembly.

She restricted the CBN, the Accountant General of the Federation, and the state’s accounts at Zenith Bank and Access Bank from releasing any funds to Fubara.

Reacting to the development, Fubara said the decision of the court is “the least” of his problems.

He revealed this during a special thanksgiving service organised by the state government to celebrate his administration’s resilience amid escalating political crises, which began with the arson attack on the State House of Assembly complex exactly one year ago.

Governor Fubara assured that despite the court order, his administration would continue payments to contractors and ensure workers’ salaries are disbursed from tomorrow.

He also confirmed that allocations for the 23 Council Chairmen would be credited, as the Joint Accounts Allocation Committee (JAAC) procedures have been completed.

The governor encouraged his supporters to remain resilient, assuring them that all challenges are surmountable.

Reflecting on his administration’s success, Governor Fubara noted that despite predictions that his government would not last even a week, he has successfully led for over a year.

He said his administration has also conducted local government elections against all odds and maintained a full cabinet despite attempts to undermine his leadership through resignations.

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Dr Fabian Ihekweme, a critic to Governor Hope UZODINMA was abducted by policemen yesterday in front of his wife and children in their Abuja home and taken to Owerri.

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Dr Fabian Ihekweme, a critic was abducted by policemen yesterday in front of his wife and children in their Abuja home and taken to Owerri. His crime: criticizing Hope Uzodinma, Imo state governor.
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Suspected gunmen have reportedly abducted Fabian Ihekweme, the former commissioner for foreign affairs in Imo state.

In a viral video seen by TheCable, a woman who identified as Ihekweme’s wife pleaded for the release of her husband.

She added that the incident occurred on Wednesday afternoon at their residence.

“They first took my husband’s driver to my house and gave him the phone to call my husband, and when he came out, they picked him up,” the woman said.

“I do not know why they are trailing me; I don’t have any business with Imo politics; I don’t know why they are trailing my children.

“I don’t know where my husband is. They are still holding him now; Ndi Imo, please help me.”

Ihekweme, who served as a commissioner between 2020 and 2022 under the Hope Uzodimma-led administration, later defected to the Peoples Democratic Party (PDP).

In October, the former commissioner alleged that the governor refused to appreciate his efforts towards his reelection, despite all he did for him.

Henry Okoye, the Imo police spokesperson, told TheCable that the command had not been briefed about the abduction.

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Obasanjo Sends Strong Message To Those who Wish Him Dead

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Obasanjo Sends Strong Message To Those who Wish Him Dead
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Ekwutosblog has gathered that Former President Olusegun Obasanjo has debunked his death rumours making the rounds on social media, saying he’s alive.

The ex-president, who wondered why some people would wish him such, said he quickly informed his family members that he’s hale and hearty.

Obasanjo stated this on Tuesday during the inauguration of the Old Garage/Oke Fia-Lameco Dual carriageway in Osogbo, Osun State, one of the projects being inaugurated to commemorate the second anniversary of Governor Ademola Adeleke.

“I heard the rumour that I was dead. I saw it on the social media. I quickly told my children and my relations that it was not true and that I was alive. Those who want me dead, that is their wish but God still keeps me alive.

“Why would anyone wish me dead? Those who harbour such thoughts will not escape tragedy themselves.

“This kind of rumour is not only disturbing but shows the extent to which some people misuse technology. It is unacceptable,” Obasanjo stated.

Speaking at the event, the governor, Adeleke stated, that his government is committed to the state’s infrastructure development and provision.

“My dear people of Osun State, our administration has constructed over 120 kilometres of roads across the state. Two major flyovers are also progressing to completion at Osogbo while works are progressing at the Ile-Ife flyover and Ilesa dualisation.

“I have redirected our efforts and plan at the completion of Iwo-Osogbo Road. We have added the dualisation of Odoori-Adeeke Road inside Iwo to be executed in two phases. The first phase will reach the Post Office and the Oluwo Palace, while the second phase will take off from the Post Office to Adeeke Junction.

“I want our people to note for the record that for all our projects and programmes, we did not obtain any loan. We only block leakages in the state’s finances and employ local content to moderate project costs and enforce high stand

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House Approves 2025-2027 MTEF

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House Approves 2025-2027 MTEF
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The House of Representatives has passed the Medium Term Expenditure Framework and Fiscal Strategy Paper for 2025 to 2027 as submitted by President Bola Tinubu.

This followed the consideration and approval of the recommendations of the Joint Committee on Finance and National Planning which laid its report at Wednesday’s plenary.

The House adopted the projected oil benchmark prices pegged at 75 dollars per barrel for 2025, as well as 76.2 dollars and 75.3 dollars per barrel for 2026 and 2027.

Domestic Crude Oil Production Projections for 2025 is put at 2.06 million barrels per day representing a significant increase from 1.78 million barrels per day in the current year.

GDP growth rate is projected at 4.6, 4.4 and 5.5 percent for 2025 to 2027, respectively, while the projected exchange rate is pegged at 1,400 Naira to the US Dollar for years 2025, 2026 and 2027

The MTEF projections aim towards a realistic and sustainable foundation for Nigeria’s budget planning over the next three years.

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