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.

Jimoh Olusola Imam     Afonja Descendants Union     CKNG     Park     Ojuekun Sarumi     Sambo Murtala     Bolakale Saka     Shuaibu Yaman     Tunde Akanbi     Goodluck Jonathan     Shaaba Lafiagi     Katibi Ibraheem Adeola     Funke Adedoyin     John Kehinde Salako     Christian Association Of Nigeria     Mustapha AbdulGaniyu     Mohammed Ghali Alaaya     Raliat Elelu-Habeeb     REO CAKES     Ibrahim Orire     Funmilayo Braithwaite     Kunle Suleiman     Oba Mogaji Abdulkadir     Muhammad Sirajo Aliyu     Odo-Owa     NSCIA     Kamoru Kadiri     Ayedun     Plat Technologies Limited     Iyabo Dupe Adekeye     Jawondo     AbdulHamid Adi     Ibrahim Abduquadri Abikan     Christopher Odetunde     James Ayeni     Lanre Aremu     Societe Generale Bank Of Nigeria     NURTW     Bareke     Ayodele Kuburat Olaosebikan     Eruku     Saka Onimago     Aliyu Umar     Kwara Restoration Project     KW-GIS     Bibire Ajape     Salake     Raymond Olaitan     Ishola Moses Abiodun     Nurudeen Muhammed     Wahab Femi Agbaje     Jimoh Bashir     Ibrahim Akaje     Kwara State University Of Education     Nigeria Governors\' Forum     Sola Saraki Educational Foundation     Saeedat Aliyu     IEDPU     Gurei     Kola Shittu     Amule     Fola Consultant     Usman Yunusa     Olawuyi     Mumeen Lah     Balogun-Ojomu     Ibrahim Sulu Gambari     Tayo Alao     Harrison Osauwagboe     Jimba Babatunde     David Oyepinola Adedumoye     Ghali Muhammed     Adamu Ibrahim Sabi     Sarah Alade     Muslim Cementary     Abdulkareem Alabi     Hassan Taiye Salam    

Cloud Tag: What's trending

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

Yoruba     BIR     Michael Nzwekwe     Smart School     Ella Supreme Tissue Paper     Hussein Oloyede     Ibrahim Abikan     Baba-Isale     Olohungbebe     Ajayi Okasanmi     Olaiya Victor Mobolaji     Kwara State Printing And Publishing Corporation     Air Peace     Mohammed Abduraheem     Plat Technologies     Funmilayo Isiaka Oniwa     Olayinka Jelili Yusuf     AGILE Programme     Yusuf Ibitokun Sherifat     Kwara 2019     Sai Kayi     Special Adviser On Digital Innovation     Kolo     NaAllah     Durosinlohun Atiku     Aliyu Olatunji Ajanaku     Mustapha Akanbi     Imodoye Writer’s Enclave     Stephen Fasakin     RTEAN     Abiodun Jacob Ajiboye     Oniyangi Kunle Sulaiman     Mahe Abdulkadir     Jumoke F. Ajao     Isiaka Gold     Joseph Bamigboye     Abdulmumin Yinka Ajia     Sheu Ndanusa Usman     Saidu Isa     Age AbdulKareem     Zulkifli Ibraheem     National Association Of Nigerian Students     Apaola     Bello Oyedepo     Ndama Al-hassan     Sherif Shagaya     Toyosi Thomas     Oasis Muslim Care Foundation     Atiku Abubakar     Harrison Osauwagboe     Abdullahi AbdulMajeed     Amusa Bello     Oladipo Akanmu Tolani     SSA Youth     GGDSS Pakata     Oyeyemi Olasumbo Florence     Hamidat Sulyman-Yusuf     Doyin Awoyale     Ilorin East/South Federal Constituency     Otoge     Lithium Deposit     Falokun-Oja     Muyideen Ajani Bello     ARMTI     Aliyu Umar     Tsado Manman     Javed Khan     Lanre Issa Onilu     Olosi Of Osi     Habeeb Saidu     Sam Onile     Abdulrahman Abdullahi Kayode     Charles Ibitoye     Wahab Abayawo     Mutawali Of Ilorin     Mukhtar Shagaya     NURTW