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.

Ayo Adeyemi     C2c@kwarastate.gov.ng     Kwara     Mahmud Durosinlohun Atiku     Saadu Yusuf     Ajibike Katibi     Garuba Alikinla Shittu     Sambo Murtala     Dairo Kunle Paul     Lawyers Unite Against Corruption     Mohammed Saidu     Dunmade     Press Release     Olota Of Odo-Owa     Kwara Primary Health Care Development Agency     Shuaibu Yaman Abdullahi     Olumide Daniel Ibitoye     Offa Poly     Egbewole     Bola Sagaya     Aremu Bose Deborah     BECE     Sadiq Buhari     Idris Garba     International Aviation College     Oba Mogaji Abdulkadir     Ajase-Ipo     Sam Onile     Harmony Holdings     Abiodun Musa Aibinu     Ayinde Oki     Theophilus Oyebiyi     Taofik Abdulkareem     Elerin Of Adanla     Babs Iwarere     Bolakale Saka     Kwara State Governor     Bola Magaji     Iyabo Dupe Adekeye     Olomu     Sa\'ad Alanamu     Pakata Development Association     Deji Ajani     Kulende     Yusuf Amuda Aluko     Abdulfatai Ahmed     Ileloke     TESCOM 2025     Oke-Ero     Yusuf Babatunde Abdulwahab     SWAN     Muhammed Akanbi     Bashir Badawi     Ilorin Anchor Men And Women     Abdulquawiy Olododo     Orisa Bridge     Salihu Ajia     Balogin Alanamu     Ndakene     Suleiman Yahya Alapansapa     Oke-opin     RTEAN     Yusuf Olaolu Ali     Musbau A. Akanji     Raheem Adaramaja     Galadiman Ngeri     Buari Edun     Babata     Alapansapa     Issa Baba     Solomon Edojah     Yusuf Zulu-Gambari     Ayinde Oyepitan     Demola Banu     Veterinary Teaching Hospital     Oke-Odo     Siraj Oyewale    

Cloud Tag: What's trending

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

NIPOGA     Ashiru     Sa\'adatu Modibbo-Kawu     Yusuf Zulu-Gambari     Awodun     KWASEIC     Adamu Atta     Oke-Ode     Esinrogunjo     Issa Manzuma     Elerin Of Adanla     Idowu Laro     Mahmud Ayinla Giwa     Congress For National Consensus     CLAY POT     Fareedah Dankaka     Susan Modupe Oluwole     3MTT     NYSC     Ridwan Agboola     Elerin Of Adanla Irese     Olusola Saraki     United Nigeria Congress Party     Gabriel Fashanu     Abdulrahman Iliasu     Adesoye College     Saheed Alakoso     Code Of Conduct Tribunal     KFA     Ramadhan     Federal Neuro-Psychiatric Hospital     Isiaka Saka Opobiyi     Aliyu Umar     Kwara South     Ayobami Akanbi     Iliasu     Stephen Fasakin     Oladipo Akanmu Tolani     Trader Moni     Ophthalmological Society Of Nigeria     KWASSIP     Mohammed Yahaya Barki     Ajibola Ademola Julius     V.O. Abioye     Okiki     IQRA College     TIIDELab     Yekeen Alabi     Post-utme     Suwa-Arabs     Simeon Sayomi     Bareke     Tsado Manman     Durosinlohun Atiku     Edret Sabi Abel     Omotoso Musa     Yusuf Lanre Badmus     Special Agro-industrial Processing Zone     Oluwarotimi Boluwatife Adenike     Igbaja     Universal Basic Education Commission     TVC Female National Debate     Lateef Alagbonsi     Dagbalodo     Alabere     Mohammed Kamaludeen     Odo-Owa     Okin Biscuits     Rice Farmers Association Of Nigeria     Folaranmi Aro     Abdul Jimoh Mohammed     Kupchi Hosea Maxwell     Ebola     Yusuf Amuda Aluko     Apaokagi     Abdulfatai Baakini     Kisira