Paris Club: We Didn't Receive N9b-KWSG

Date: 2017-01-08

Kwara State Government has described as outright falsehood media reports that it received N9b as its share of the London-Paris Loan Club refund from the federal government.

Reacting on behalf of the government, the State Commissioner for Finance, Alhaji Demola Banu explained that the state government has only received and declared N5billion so far from the federal government but was yet to receive the balance of about N3.7billion.

He emphasized however that the state government is in the process of getting the Federal Ministry of Finance, Abuja to process and release the balance.

Providing further explanation, Banu emphasized that all states were supposed to receive 25 per cent of their claim, which in the case of Kwara State, amounted to about N9b, pending final reconciliation. He said that only N5b of the claim was released to the state as announced earlier. He said that having made a strong case for the balance of the 25 per cent, the state government was expecting the release of approximately N3.7b from the federal government anytime from next week. Banu said that additional installments of the remaining seventy-five per cent was also being expected by the state once the figures are verified.

Providing further clarification, Dr. Muyideen Akorede, Senior Special Assistant on Media and Communication, revealed that the state governor, Alhaji Abdulfatah Ahmed was personally coordinating efforts to secure the outstanding and had travelled to Abuja on different occasions to meet with federal officials to ensure timely reconciliation and release.

Akorede assured that once the money is received, Governor Abdulfatah Ahmed will approve the release of local governments' share of the fund to pay the proportion of staff and pension arrears the fund can cover. He said there was no way the government will announce funds which it had not received from the Federal Government or any other source.

He recalled that from N5billion earlier received by the state government from Federal Government for the London-Paris Club loan over-deductions in November 2016, Governor Ahmed had directed the release of N1.4b to local governments to augment their allocation for the payment of November and December 2016 salaries, while another N892m was released to clear salary arrears at tertiary institutions in the state.

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

CELF     Abdulkadir Bolakale Sakariyah     Ahmad Uthman     Garba Ado Sanni     Temi Kolawole     Sabitiyu Grillo     Kwara State Fish Farmers Association     Abdullahi Imam Abdullahi     Offa     Afonja Descendants Union     Olawuyi     Monkey Pox     Vasolar Consultoria     Ilorin Anchor Men And Women     Funmilayo Mohammed     Orire     Alagbado     Umar Ahmed Gunu     Fatai Adeniyi Garba     Kwara State Television     Overland     Mopelola Abdulmaliq-Bashir     Aliyu U. Tilde     Colleges Of Education Academic Staff Union     11th Galadima     Gbajabiamila     Bello Abubakar     Hamza Usman     Ilota     Ajikobi     Isiaka Yusuf     Titus Suberu-Ajibola     Kudirat Arinola Lawal     Abdulwasiu Bolaji Adeyi     Dan Iya     Bashirat Bola Bello     Kwara State Infrastructure Development Fund     Jide Oyinloye     Afeyin-Olukuta     Ilorin.Info     ER-KANG     Buari Edun     Abdulahi Abubakar Bata     Ebun-Olu Adegboruwa     Abdulrazaq Magaji     Dogara     Mahmud Babatunde Baker     Oke-Ode     Usman Rifun     FOMWAN     Ahman Pategi University     Curfew     Saadu Gbogbo Iwe     Law School Scholarship     Adamu Atta     Baboko Primary School     Ubandawaki     Seni Saraki     KWAFFA     Popo-Igbonna     Onikijipa     Ibrahim Abdulkadir Abikan     Wasiu Odewale     Folashade Omoniyi     Kassim Babamale     Ubandoma Of Ilorin     Zaratu Umar     Tunde Akanbi     Bursary     Bola Magaji     Ahmed Dankaya     TIIDELab     Timothy Akangbe     Olota Of Odo-Owa     Oke-Kura     Razaq Ayobami Akanbi     International Aviation College    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Ridwan Agboola     Ridhwanullah Al-Ilory     Ita-Ore     SAPZ Project     Adeniyi Ojo     CKNG     Abdulrazaq Sanni     Gbenga Olawepo     Adanla-Irese     Roheemat Hammed     C2c@kwarastate.gov.ng     Radio Kwara     Shuaib Abdulkadir     Goodluck Jonathan     Oba Abdulrahim     Bamikole Omishore     Oasis Muslim Care Foundation     Bond     YAKOOYO     Shaaba Lafiagi     Abdulsalam Firdaous Amosa     Prince Sunday Fagbemi     Ilorin Water Reticulation     Ilorin Like-Minds     Ibrahim Abikan     Bilikis Oladimeji     Waziri Yakubu Gobir     Shuaib Olarongbe     ITP     Www.Kwarareports.com     Osuwa     Shoprite     Emir Of Lafiagi     Abdulkadri Ahmad Alaiye     Mansurat Amuda-Kannike     Oye Tinuoye     Turaki Of Ilorin     Oba Abu     Ibrahim Abdulqadir Abikan     Mohammed Jimoh Faworaja     Omoniyi M. Ayinla     Ishola Moses Abiodun     Fatimoh Lawal     Khadijat Ayoola Yusuf     Simeon Sule Ajibola     CACOVID Palliatives     Ile Arugbo     Nigerian Correctional Service     Eleyele     Musa Aibinu     Kisra     General Tunde Idiagbon International Airport     Adebayo Salami     Veterinary Teaching Hospital     Yusuf Amuda Abubakar     Kwara Coalition Of Business And Professional Associations     Muritala Olarewaju     Emir Of Shonga     M.Y. Abdulrahaman     Yoruba     Sanitation Exercise     Special Adviser On Digital Innovation     Onikijipa     Chief Of Staff     Salman Suleiman     Kola Adesina     Ghali Alaaya     Kaosarah Adeyi     Olatunji Moronfoye     Funmilayo Braithwaite     Ilorin Muslim Community     Gani Saadu     Gbajabiamila     Na\'Allah     Kwara Teaching Service Commission     A.G.F Abdulrasaq     Shuaibu Yaman