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.

Ilorin Water Reticulation     Association Of Kwara State Online Media Practitioners     Aliyu Alhassan     Kawu Baraje     Toyosi Thomas     Toyin Abdullahi     Timothy Akangbe     Ahmad Uthman     Aminu Ado Bayero     AbdulQowiy Olododo     Kishira     Jumoke Monsura Gafar     Ayeyemi Sulaiman     Saad Omo\'ya     VADA     Jamiu Oyawoye     Pakata Patriots     Tunji Oyawoye     Kisira     CACOVID Palliatives     College Of Education     Kwara State Infrastructure Development Fund     Ndama Al-hassan     ITEM 7     Hijaab     Elerin Of Adanla     Amina El-Imam     Usman Rifun     ER-KANG     Aminat Omodara     Funmilayo Zubair     Umar Danladi Shero     Kumbi Titiloye     Muyideen Ajani Bello     Medview Airlines     Adamu Ibrahim Sabi     08001000100     Olatunji Bamgbola     Iyabo Adisa Ibiyeye     The Herald     Afolabi-Oshatimehin     Ganiyu Abolarin     Donatus Ejidike     Igosun     Abdulmajeed Wahab     Rihanat Ajia     Aminat Ahmed     Obuh     Aishat Sulu-Gambari     State Bureau Of Internal Revenue     Lateef Alagbonsi     Alikinla     Turaki     Goodluck Jonathan     Arik     NIPOGA     Hameed Oladipupo Ali     Sa\'adu Salahu     Mohammed Khadijat Kubura     Moshood Mustapha     Kola Ologbondiyan     Isiaka Saka Opobiyi     Bayo Lawal     S.O. Opowoye     Pakata Development Association     Pakata     Raji AbdulRasaq     Kwara State Sports Commission     Buari Edun     Olota Of Odo-Owa     Opobiyi     Akume     Henry Makinwa     Mohammed Jimoh Faworaja     Raliat AbdulRazaq     UNILORIN Alumni     Kale Ayo    

Cloud Tag: What's trending

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

Durosinlohun Atiku     Baakini     Garba Idris Ajia     National Association Of Nigerian Students     Gamji Members Association     Bashiru Makama     Lithium Deposit     Garba Ado Sanni     Adanla-Irese     Colleges Of Education Academic Staff Union     Cassava Growers\' Association     Maimunat Oloriegbe     UITH     Frootify     Bolakale Ayo     Makama Of Kaiama     Musa Aibinu     Kolawole Akande     Patigi Regatta     Kayode Issa     Olayinka Olaogun     Mohammed Abdulahi     Isaac Aderemi Kolawole     Dauda Adesola     James Kolo     Shehu Adaramaja     Kanu Agabi     Maryam Nurudeen     Abdullahi Adisa Akodudu     Abdulwasiu Bolaji Adeyi     Ndakene     Olaiya Lawal     Bola Tinubu     Obayomi Azeez     Oladipo Akanmu Tolani     Saka Saadu     Ibrahim Abduquadri Abikan     Gurei     Yahaya Dumoye     Ibrahim Labaika     University Road     Akeem Lawal     Bilikis Oladimeji     Raliat Islamic Foundation     Shuaib Boni Aliyu     Lanwa     Jimoh Akani     David Oyepinola Adedumoye     James Ayeni     Bayo Mohammed Onimode     Valsolar-Kwara Company Limited     Kwarareports.com     Salaudeen Oyewale     Ridhwanullah Al-Ilory     Yekini Adio     Onilupeju Of Ilupeju     M.Y. Abdulrahaman     Jawondo     National Union Of Road Transport Workers     Gbugbu     Raliat Elelu-Habeeb     Firdaos Amasa     Fatai Garuba Labaka     Government High School Adeta     Abdul Jimoh Mohammed     Abdulahi Abubakar Bata     Roheemat Hammed     Igosun     Federal College Of Education (Special), Afon     David Oyerinola Adedunmoye     Ahmed Saidu Rufai     Bursary     Elese Of Igbaja     ER-KANG     NYSC     ENetSuD     Lukman Adeloyin