BREAKING: Wike vs Fubara: Nigerian government stops October FAAC revenue to Rivers State

The Nigerian government has confirmed that it has stopped
the October monthly Federation Account Allocation Committee, FAAC revenue
payment to Rivers State amid the ongoing face-off between Governor Simi Fubara
and the Minister of Federal Capital Territory, Nyesome Wike.

The Spokesperson of the Office of the Accountant General of
the Federation, Bawa Mokwa, disclosed this exclusively on Friday.

This comes as the Nigerian Government on Wednesday announced
the approval for the disbursement of N1.1411 trillion as the October 2024
Federation Accounts Allocation Revenue to Federal, State, and local government
councils.

However, a report emerged that FAAC revenue in October was
not disbursed to Rivers State following a court stopping the Central Bank of
Nigeria and the Nigerian government from carrying out such action.

Reacting to the development, Mokwa said the OAGF as a
government agency will respect the court order.

Meanwhile, he stated that the October monthly FAAC revenue
has not been disbursed to respective states as of filing the report.

“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 disclosed.

He added, “The process of disbursement of the October 2024
monthly allocation is going.”.

Recall that on October 30, this year, Justice Justice
Abdulmalik of the Federal High Court barred CBN and the Nigerian government
from disbursing monthly allocations to the Rivers State government.

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