Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Understanding arbitrage funds: Strategy, returns, benefits, risks and key considerations
    • Don’t let market swing ruin your Mutual Fund portfolio: Expert explain when to review, rebalance, and what to avoid
    • How to take global exposure without buying international mutual funds
    • Why This 3-in-1 Equity Fund is a Smart Choice
    • ‘Why can’t I buy more ETFs in my pension?’ Calls grow to ease retirement fund investment cap
    • Which is Best Among FD, Mutual Funds and SCSS? – Money Insights News
    • Zerodha Launches Life Cycle Funds To Bring Target Date Investment For Indians | Here’s How It Works
    • Sebi Eases Intraday Borrowing Rules For Mutual Funds To Improve Liquidity Management
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Supreme Court strikes Osun’s suit on withheld local govt funds
    Funds

    Supreme Court strikes Osun’s suit on withheld local govt funds

    December 5, 2025


    The Supreme Court on Friday, in a split ruling, struck out a suit brought by the Osun State Attorney General against the Attorney General of the Federation (AGF) concerning withheld local government allocations.

    The apex court held that the Osun State Attorney General and Commissioner for Justice has no legal right to have instituted the case on behalf of the 30 local governments in the state.

    The court ruled that those who won the local government elections and have been inaugurated are the proper persons who can sue and be sued directly.

    In a judgment on Friday, the Supreme Court held that the federal government was wrong in withholding the local government funds, adding that the action was in grave breach of the 1999 Constitution.

    Justice Mohammed Baba Idris, who read the lead judgment, said that the hand of the federal government was soiled in its decision to unjustly seize the funds and admonished it to ensure that the funds are directly channeled to local accounts.

    The Court dismissed the AGF’s contempt allegations against Osun, adding that he was in greater contempt than Osun by not paying the funds as required by law.

    Justice Idris, however, said that since there was no evidence that the Osun Attorney General was briefed by the local governments, he ought not to have filed the case on their behalf.

    In a minority judgment, Justice Emmanuel Akomaye Agim disagreed with the six other justices, holding that the Osun Attorney General has the right to institute the case.

    Justice Agim said that the action of the federal government in withholding the local government funds was in bad taste because it was capable of crippling the activities of the councils.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Cleared Funds: Definition, How They Work, Importance, and Example

    June 18, 2026

    How to Switch from One Mutual Fund to Another?

    June 17, 2026

    Crypto Funds Are Booming. Do Investors Understand What They’re Buying?

    June 17, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Understanding arbitrage funds: Strategy, returns, benefits, risks and key considerations

    June 21, 2026

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Understanding arbitrage funds: Strategy, returns, benefits, risks and key considerations

    June 21, 2026

    Arbitrage funds are a type of hybrid mutual fund that aims to generate returns by…

    Don’t let market swing ruin your Mutual Fund portfolio: Expert explain when to review, rebalance, and what to avoid

    June 21, 2026

    How to take global exposure without buying international mutual funds

    June 20, 2026

    Why This 3-in-1 Equity Fund is a Smart Choice

    June 20, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Jessie Murph Teases Infectious New Song, ‘Sip’

    October 21, 2024

    Chinese investors snap up gold ETFs in first quarter amid global economic uncertainty

    April 30, 2025

    Volusia Council lowers tax rate, to use ARPA funds for roads

    August 26, 2024
    Our Picks

    Understanding arbitrage funds: Strategy, returns, benefits, risks and key considerations

    June 21, 2026

    Don’t let market swing ruin your Mutual Fund portfolio: Expert explain when to review, rebalance, and what to avoid

    June 21, 2026

    How to take global exposure without buying international mutual funds

    June 20, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.