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.

Halimat Yusuf     Yahaya Oloriegbe     Oko-Olowo     Baba Issa Awoye     Muhammadu Gobir     Olam Food Ingredients     Wahab Isa     Saliu Shola Taofeek     Tunde Kazeem     Ali Ahmad     Oluwatoyin Lukman     Kwara State Government     Osuwa     Muyideen Ajani Bello     Muhammed Aliyu     Kayode Oyin Zubair     Hakeem Idris     Park     Lukman Adeloyin     Photo News     Local Government Pension Board     Oke-Ero     Eghe Igbinehin     Sobi     Kwara State Internal Revenue Service     Ilorin Water Reticulation     Modibbo Kawu     John Obuh     NIPR     KWSIEC     Salihu Ajibola Ajia     NITDA     Yunus Oniboki     Oju Ekun Sarumi     Saliu Alamoyo     Abdulfatai Salman Baakini     Suleiman Alege Kuranga     Chief Imam Of Ilorin     Sunday Popo-Ola     Kwara Restoration Project     Sayomi     Ishaq Abdulkarim     Musa Yeketi     Alfa Modibbo Belgore     Yahaya Abdulkareem     Hassan Saliu     Riskat Opakunle     Moremi High School     Gbenga Olawepo     Laboratory-to-Product     Yahaya Dumoye     Alloy Chukwuemeka     Salihu Yahaya     Ekweremadu     Abdullahi Biffo     Oloruntoyosi Thomas     Akorede     Muhammad-Mustapha Suleiman     Samuel Elizabeth Keatswa     Mahe Abdulkadir     Kisra     Ebola     Sabo-Oke     Kwara State Health Insurance Agency     Rex Olawoye     Mogaji Aare     Saadu Alanamu     Fatai Garuba Labaka     Yakubu Gobir     Abdulazeez Uthman     Aisha Ahman Pategi     Olaiya Victor Mobolaji     JAAC     Maimunat Oloriegbe     Khadijat Ayoola Yusuf     Abegunde Goke     Saad Omo\'ya    

Cloud Tag: What's trending

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

Hajj     Guber Aspirant     Rapheal Ashaolu     Akanbi-Oke     Halidu Danbaba     Donatus Ejidike     Kehinde Boyede     Elerin Of Adanla Irese     Kolo     Sa\'adu Salahu     Buhari     Omotoso     Abdulquawiy Olododo     Ridhwanullah Al-Ilory     Ishola Moses Abiodun     Ahmad Ali     Oko-Olowo     Yahaya Jibril Usman     Oba Of Jebba     Aliyu Kora Sabi     Garba Ayodele Wahab     Rasheed Jimoh     Just Event Online     National Broadcasting Commission     Abdulmalik Bashir Mopelola Risikatullahi     Chief Of Staff     Ridwan Agboola     Shaykh Luqman Jimoh     Bayo Lawal     Victor Gbenga Yusuf     Theophilus Oyebiyi     April 11     Ahmed Shuaib Buranga     Sidikat Alaya     Olabode Towoju     Olatunji Moronfoye     Muhammad Akande Olarewaju Odunade     SGBN     Razak Atunwa     IQRA College     Abdulrazaq Adebayo     Sebastine Obasi     MMWG     Shururat Olatinwo     Oba Abu     Saliu Shola Taofeek     Musa Ayinla Yeketi     Abubakar Lah     Seni Saraki     Offa Poly     National Union Of Road Transport Workers     Moji Makanjuola     Government Girls’ Day Secondary School Pakata     Hijaab     Tosho Yaqub     Labaeka     Valsolar-Kwara Company Limited     Abatemi-Usman     Wahab Abayawo     Obasanjo     Sarakite     Bilikisu Oniyangi     Vishvas KOZ Tractors     A.G.F Abdulrasaq     Bayo Onimago     Segun Ogunsola     Muhammed Akanbi     Sheikh Hamzat Yusuf Ariyibi     Zara Umar     Budo Egba     KFA     ITP     Bolaji Abdullahi     Eleja     Balogun Ajikobi     Baaziki Sulaiman     Sam Okaula