The Federal High Court in Abuja on Monday heard a suit filed by the Osun State Government against the Central Bank of Nigeria (CBN) and the Accountant-General of the Federation (AGF) over the handling of local government funds.
Justice Emeka Nwite presided as both parties made their appearances.
The Osun government accused the CBN and the AGF of plotting to divert allocations meant for local governments into private accounts allegedly managed by individuals impersonating government officials. According to the state, this violates Nigeria’s Constitution and public finance regulations.
The government further argued that the alleged move undermines ongoing Supreme Court cases on the control and management of local government funds in Osun State.
The dispute arises from political tensions between APC and PDP officials following conflicting court rulings on the validity of the October 2022 local government elections.
The case continues, with stakeholders closely watching its outcome due to its implications for financial transparency and constitutional governance in Nigeria.
#Osun #CBN #CourtUpdate
Justice Emeka Nwite presided as both parties made their appearances.
The Osun government accused the CBN and the AGF of plotting to divert allocations meant for local governments into private accounts allegedly managed by individuals impersonating government officials. According to the state, this violates Nigeria’s Constitution and public finance regulations.
The government further argued that the alleged move undermines ongoing Supreme Court cases on the control and management of local government funds in Osun State.
The dispute arises from political tensions between APC and PDP officials following conflicting court rulings on the validity of the October 2022 local government elections.
The case continues, with stakeholders closely watching its outcome due to its implications for financial transparency and constitutional governance in Nigeria.
#Osun #CBN #CourtUpdate
The Federal High Court in Abuja on Monday heard a suit filed by the Osun State Government against the Central Bank of Nigeria (CBN) and the Accountant-General of the Federation (AGF) over the handling of local government funds.
Justice Emeka Nwite presided as both parties made their appearances.
The Osun government accused the CBN and the AGF of plotting to divert allocations meant for local governments into private accounts allegedly managed by individuals impersonating government officials. According to the state, this violates Nigeria’s Constitution and public finance regulations.
The government further argued that the alleged move undermines ongoing Supreme Court cases on the control and management of local government funds in Osun State.
The dispute arises from political tensions between APC and PDP officials following conflicting court rulings on the validity of the October 2022 local government elections.
The case continues, with stakeholders closely watching its outcome due to its implications for financial transparency and constitutional governance in Nigeria.
#Osun #CBN #CourtUpdate
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