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.

Salihu Ajibola Ajia     CLAY POT     Kawu     Timothy Olatunde Fadipe     Kayode Alabi     Mary Kemi Adeosun     Neo Mundo Ltd     Valsolar     Baakini     Iyabo Dupe Adekeye     Code Of Conduct Bureau     Falokun-Oja     Wahab Abayawo     Firdaos Amasa     Mohammed Yisa     Ita-Ore     Mohammed Abdulahi     Rasheed Jimoh     Kwara Politics     Tafida Of Ilorin     Femi Oladiji     Gaa Olobi     Monsurat Omotosho     Kola Adesina     Agor Market     Dapo Teni Nig Enterprise     Abubakar Ndakene     Presidential Election     Mashood Abdulrafiu Agboola     Local Government Pension Board     Sam Okaula     IYA YUSUF     Femtech     Otuka     Fatimat Saliu     Ronke Adeyemi     Ganmo Power Sub-Station     Towobola Abdulrahman Toyin     Belgore     Olam Food Ingredients     Olateju Lukman     Abdulganiyu Salahudeen     Aliyu Kora Sabi     Ahmed     Moses Afolayan     Awili Pedro     Iyiola Oyedepo     Shola Odetundun     AIT Ilorin     Nigerian Medical Association     Olofa Of Offa     Okin Malt     Aiyedun     Kamaldeen Ajibade     Dogara     Christopher Tunji Ayeni     Suleiman Alege Kuranga     Peculiar Allowance     Mohammed Abduraheem     Abikan     FERMA     Alimi Abdulrazaq     REO CAKES     Muhammed Aliyu     Fatimah Abdulkadir     Makama     Ibrahim Mashood     TESCOM 2025     Muideen Olaniyi Alalade     Abdulkareem Alabi     Agboola Abdulraheem     Toyin Olayinka Tejidini     Saraki     Okin Biscuits     Abdullah Janet Amudat     Overland     Kudirat Arinola Lawal    

Cloud Tag: What's trending

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

Jare Olatundun     Kwara State Internal Revenue Service     Ayodele Shittu     Saad Omo\'ya     Alabere     Mustapha Akanbi     Neo Mundo Ltd     Mutawalle     Ibrahim Kayode Adeyemi     LEAH Charity Foundation     Offa     Oro Grammar School     Abdulrasheed Akogun     SWAN     Ilorin West     Akanbi-Oke     George Funsho Adebayo     Dogara     MINILS     College Of Education     Mahmud Babatunde Baker     Bola Magaji     Kwara Muslim Pilgrims Welfare Board     Sherif Sagaya     Olota Of Odo-Owa     Quareeb     Bolaji Nagode     Yahaya Dumoye     Plat Technologies Limited     Gbenga Awoyale     Ebola     Edu     Kawu Baraje     Lola Olabayo     Markaz Arabic And Islamic Training Institute, Agege     Muyiwa Oladipo Kanu     Dele Momodu     Tosin Saraki     Modibo Kawu     Umar Adelodun     Olubukola Kifayat Adedeji     Abegunde Goke     Abdulmutalib Shittu     Kwara TV     Abdul-Rahoof Bello     Ajikobi     Dumagi     Baboko Primary School     Demola Banu     Lateef Fagbemi     Adegoke Bamidele     TESCOM     Amuda Musbau     Oni Adebayo     Moji Makanjuola     Muhammadu Gobir     Mamatu Abdullahi     Eleja     Maigida     Damilola Yusuf     Jaiz Bank     General Tunde Idiagbon International Airport     Muritala Olarewaju     Lai Gobir     Abdulrosheed Okiki     Ndakene     AbdulQowiy Olododo     Wahab Olasupo Egbewole     Valsolar     Sobi FM     CCT     BIR     Razaq Atunwa     Oyedun Juliana Funke     NURTW     Taofik Abdulkareem     Dauda Adeniran Adeshola