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	<title>Central Bank of Nigeria Archives - Daily Dates Nigeria</title>
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		<title>Supreme Court Orders CBN to Halt Funds to Rivers State Govt, Directs Amaewhule to Resume</title>
		<link>https://dailydatesng.com/2025/02/28/supreme-court-orders-cbn-to-halt-funds-to-rivers-state-govt-directs-amaewhule-to-resume/</link>
		
		<dc:creator><![CDATA[DailyDatesNG]]></dc:creator>
		<pubDate>Fri, 28 Feb 2025 17:32:09 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Central Bank of Nigeria]]></category>
		<category><![CDATA[Martin Amaewhule]]></category>
		<category><![CDATA[Rivers State]]></category>
		<category><![CDATA[Siminalayi Fubara]]></category>
		<category><![CDATA[Supreme court]]></category>
		<guid isPermaLink="false">https://dailydatesng.com/?p=8531</guid>

					<description><![CDATA[<p>The Supreme Court of Nigeria has issued an order barring the Central Bank of Nigeria (CBN), the Accountant General of the Federation, and other relevant agencies from releasing funds to the Rivers State Government. This decision comes as a result of what the court described as the state&#8217;s flagrant disobedience to court orders. In a [&#8230;]</p>
<p>The post <a href="https://dailydatesng.com/2025/02/28/supreme-court-orders-cbn-to-halt-funds-to-rivers-state-govt-directs-amaewhule-to-resume/">Supreme Court Orders CBN to Halt Funds to Rivers State Govt, Directs Amaewhule to Resume</a> appeared first on <a href="https://dailydatesng.com">Daily Dates Nigeria</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>The Supreme Court of Nigeria has issued an order barring the Central Bank of Nigeria (CBN), the Accountant General of the Federation, and other relevant agencies from releasing funds to the Rivers State Government.</strong></p>
<p>This decision comes as a result of what the court described as the state&#8217;s flagrant disobedience to court orders.</p>
<p>In a judgment delivered by Justice Emmanuel Akomaye, the five-man panel unanimously dismissed the cross-appeal filed by Governor Siminalayi Fubara, which challenged the validity of the Rivers State House of Assembly presided over by Martin Amaewhule as the Speaker.</p>
<p>The court ruled that Martin Amaewhule should immediately resume sitting with all other elected members of the Rivers State House of Assembly.</p>
<p>The Supreme Court emphasized that Governor Fubara&#8217;s action of presenting an appropriation bill before a four-member House of Assembly was an aberration, depriving 28 constituencies of proper representation and violating a court order that mandated the governor to re-present the 2024 appropriation bill before a validly constituted Assembly under Amaewhule&#8217;s leadership.</p>
<p>The court further condemned Governor Fubara&#8217;s actions regarding the alleged defection of 28 members of the Rivers Assembly, describing it as an act of &#8220;brigandage and dictatorship,&#8221; aimed at obstructing the Assembly from carrying out its legitimate duties under the leadership of Amaewhule.</p>
<p>The judgement also criticised the demolition of the Rivers State House of Assembly Complex by Governor Fubara, calling it an excessive use of executive power to frustrate the functioning of the Assembly.</p>
<p>In a separate judgment, the Supreme Court declared the local government election held on October 5, 2024, by the Rivers State Independent Electoral Commission (RSIEC) invalid.</p>
<p>Justice Jamilu Tukur, delivering the ruling, found that the election violated the Electoral Act, with RSIEC continuing voter registration even after announcing the election date. The court ruled that the electoral process had been abridged in clear violation of Section 150 of the Electoral Act, rendering the election void for lack of substantial compliance with the law.</p>
<p>The post <a href="https://dailydatesng.com/2025/02/28/supreme-court-orders-cbn-to-halt-funds-to-rivers-state-govt-directs-amaewhule-to-resume/">Supreme Court Orders CBN to Halt Funds to Rivers State Govt, Directs Amaewhule to Resume</a> appeared first on <a href="https://dailydatesng.com">Daily Dates Nigeria</a>.</p>
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		<title>NFIU Bans Cash Withdrawals From Government Accounts</title>
		<link>https://dailydatesng.com/2023/01/05/nfiu-bans-cash-withdrawals-from-government-accounts/</link>
		
		<dc:creator><![CDATA[DailyDatesNG]]></dc:creator>
		<pubDate>Thu, 05 Jan 2023 16:01:59 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Central Bank of Nigeria]]></category>
		<category><![CDATA[NFIU]]></category>
		<guid isPermaLink="false">https://dailydatesng.com/?p=6086</guid>

					<description><![CDATA[<p>The Nigeria Financial Intelligence Unit (NFIU) has banned the Federal, State, and Local Governments from cash withdrawals from government accounts. In a bid to address corruption in government offices, the ban would take effect from March 1, 2023, Daily Dates Nigeria reports. Addressing journalists in Abuja on Thursday, the NFIU CEO, Moddibo Tukur, said the [&#8230;]</p>
<p>The post <a href="https://dailydatesng.com/2023/01/05/nfiu-bans-cash-withdrawals-from-government-accounts/">NFIU Bans Cash Withdrawals From Government Accounts</a> appeared first on <a href="https://dailydatesng.com">Daily Dates Nigeria</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>The Nigeria Financial Intelligence Unit (NFIU) has banned the Federal, State, and Local Governments from cash withdrawals from government accounts.</strong></p>
<p><img decoding="async" src="https://dailydatesng.com/wp-content/uploads/2023/01/b89d7129cebc00841b5bc1c0d12505e9.png" alt="NFIU" /></p>
<p>In a bid to address corruption in government offices, the ban would take effect from March 1, 2023, <a href="http://www.dailydatesng.com">Daily Dates Nigeria</a> reports.</p>
<p>Addressing journalists in Abuja on Thursday, the NFIU CEO, Moddibo Tukur, said the ban was necessary to curb the rate at which monies are withdrawn from public accounts in flagrant disregard to the money laundering laws and sometimes for corruption purposes.</p>
<p>He noted that the decision was in sync with the full transition of Nigeria into a cashless economy which the Central Bank of Nigeria has been leading.</p>
<p>Tukur added that any government official who flouts the order will be prosecuted alongside his or her accomplices.</p>
<p>The post <a href="https://dailydatesng.com/2023/01/05/nfiu-bans-cash-withdrawals-from-government-accounts/">NFIU Bans Cash Withdrawals From Government Accounts</a> appeared first on <a href="https://dailydatesng.com">Daily Dates Nigeria</a>.</p>
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		<item>
		<title>CBN Governor Emefiele Joins Presidential Race</title>
		<link>https://dailydatesng.com/2022/05/06/cbn-governor-emefiele-joins-presidential-race/</link>
		
		<dc:creator><![CDATA[DailyDatesNG]]></dc:creator>
		<pubDate>Fri, 06 May 2022 17:24:11 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Central Bank of Nigeria]]></category>
		<category><![CDATA[Emefiele]]></category>
		<category><![CDATA[Godwin Emefiele]]></category>
		<guid isPermaLink="false">https://dailydatesng.com/?p=4601</guid>

					<description><![CDATA[<p>The Governor of the Central Bank of Nigeria, Godwin Emefiele, has formally announced his intention to run for the office of the Nigerian president. Emefiele announced this after meeting with President Muhammadu Buhari at the State House, Abuja. He said he would leave the villa to pick his N100 million nomination form of the ruling [&#8230;]</p>
<p>The post <a href="https://dailydatesng.com/2022/05/06/cbn-governor-emefiele-joins-presidential-race/">CBN Governor Emefiele Joins Presidential Race</a> appeared first on <a href="https://dailydatesng.com">Daily Dates Nigeria</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>The Governor of the Central Bank of Nigeria, Godwin Emefiele, has formally announced his intention to run for the office of the Nigerian president.</strong></p>
<p>Emefiele announced this after meeting with President Muhammadu Buhari at the State House, Abuja.</p>
<p>He said he would leave the villa to pick his N100 million nomination form of the ruling party, APC.</p>
<p>This is a developing story.</p>
<p>The post <a href="https://dailydatesng.com/2022/05/06/cbn-governor-emefiele-joins-presidential-race/">CBN Governor Emefiele Joins Presidential Race</a> appeared first on <a href="https://dailydatesng.com">Daily Dates Nigeria</a>.</p>
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