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     Abubakar Aliagan     Abdullahi Adisa Akodudu     Abubakar Suleiman     Rashidi Yekini     Abdulwahab Oba     Emmanuel Bello     Ishaq Abdulkarim     Illyasu Abdullahi     Saka Onimago     Ahmad Lawan     Sai Kayi     Shehu Jimoh     Muhammed Aliyu     Raheem Adaramaja     Aso-ofi     Turaki     Abioye Bello     Tanke Flyover Bridge     Ilorin West     Lawyers Unite Against Corruption     Idofin     Akanbi-Oke     Bello Oyebanji     Mogaji Aare     Azeez Salawu     Ayedun     Bolakale Ayo     KFA     Olokoba     Alabe     Mahee Abdulkadir     Musibau Akanji     Bilikis Oladimeji     Mansurat Amuda-Kannike     Olusin Of Ijara Isin     Hamidu Olowo     Fatai Adeniyi Garba     Damilola Yusuf Adelodun     Mamman Saba Jibril     Air Peace     Muslim Stakeholders Of Kwara State     Abdulfatai Baakini     Olajumoke Monsura Gafar     Ilesha-Gwanara     Yoonus Lawal     ER-KANG Mining     Kale Bayero     Pakata Development Association     Gurei     Kale Kawu     Kamaldeen Ajibade     Kwara     Anilelerin     Danhawa     Okeose Christian Cementary     Bolaji Gambari     Issa Memunat Moyosore     Olubukola Kifayat Adedeji     Riskat Opakunle     Sarah Jubril     Muideen Olaniyi Alalade     Kwara State Infrastructure Development Fund     Bibire Ajape     Erubu     Babatunde Idiagbon     Shehu Raheem Adaramaja     Babaloja-General     Afin Descendants Union Of Odo-Owa     Maja     Yusuf Abubakar     Lanre Olosunde     Ijagbo     Abdulrazaq Akorede     Mohammed Lawal     Olupako     Kwara State Coalition Of Business And Professional Associations    

Cloud Tag: What's trending

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

Eleyele     Olatunji Ayeni     Kola Ologbondiyan     Ajakaye     Soffiyyallah Kamaldeen     Siddiq Adebayo Idowu Salawu     Nupe     Dorcas Afeniforo     Dapo Teni Nig Enterprise     Sobi     Mohammed Abduraheem     Amina Susa\'a De Ahmed     Niyi Osundare     Michael Imoudu National Institute For Labour Studies     Okedare     Transition Implementation Committee     Ayodele Olaosebikan     Adegoke Bamidele     Islamiya Abdulraheem     Oja-Oba     Hauwa Nuru     Aiyedun     Mustapha AbdulGaniyu     Toun Okewale-Sonaiya     Tunde Kazeem     Apata Ajele Secondary School     Okanlawon Musa     Adedeji Onimago     Solomon Edojah     Maryam Ado Bayero     Abdulfatai Baakini     Olatunde Michaels     Aliyu Muhammed     Lateef Alagbonsi     Tunji Folami     Joshua Adeyemi Adimula     Ojo Isekuse     Joana Nnazua Kolo     Overland     Kwara Poly     Ubandoma Of Ilorin     Raji Ayodele Kamaldeen     Olofa Of Offa     Bank Of Industry     Government High School Adeta     Kwara State Polytechnic     Ali Ahmad     Kwara State Branch Of The National Library     Taofik Mustapha     Adekunle David Dunmade     Titus Suberu-Ajibola     Baba-Isale     Adeleke Ogungbe     Rachael Obisesan     Alliance For Democracy     Samuel Adedoyin     Busari Toyin Isiaka     Mary Kemi Adeosun     Ilorin Talaka Parapo     Omupo     Innocent Okoye     Christian Association Of Nigeria     Sheikh Ridhwanullah     Ndakene     Akeem Olatunji     Turaki Of Ilorin     Nnazua     Balogun-Ojomu     Ohoro Of Shao     Isa Aremu     Allocation     Oyelere Oyinloye     Bashir Adigun     Sunset Workers     Gobir     Reuben Paraje     Olokoba Abdullahi Ayinla