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.

Senate     Muideen Olaniyi Alalade     Sunset Workers     Muyiwa Oladipo Kanu     Abdulwahab Oba     Kwara Teaching Service Commission     Adaramaja     Third Estate     SAPZ Project     Folorunsho Alao     Adamu Attah     Lotus Bank     Majlis For Sadaqah, Zakat And Waqf     Daud Adeshola     Idiagbon     Nigeria Computer Society     Balogun-Ojomu     Aisha Ahman-Pategi     Kisira     Abdulkadir Remi Hawawu     Muhammed Mahe Abdulkadir     Offa Grammer School     Ilorin Muslim Community     Ilorin Emirate Stakeholders Forum     Ibrahim Jawondo     MalHub     Aminat Omodara     Standard Organization Of Nigeria     Adegoke Bamidele     CACOVID     Ibikunle Ogunleye     Lithium Deposit     Saka Abimbola Isau     Tunji Arosanyin     Shoprite     Yaru     Adamu B. Yaqubu     Adamu Jemilat-Baki     Ophthalmological Society Of Nigeria     Olabimpe Olani     Federal Polytechnic Offa     Salake     Marafan Shonga     Yusuf Zulu-Gambari     Onilu     Kulende     Ahmed     Old Oyo     Ilorin West/Asa Federal Constituency     Kunle Akogun     Special Agro-Industrial Hub     Bamikole Omishore     Ibrahim Bio     Yusuf Ali     Salami Adekunle     New Naira Notes     Gambari     Crystal Corner Shops     Michael Imoudu National Institute For Labour Studies     Park     Monthly Sanitation     Javed Khan     Federal Road Maintenance Agency     Surajudeen Akanbi     Sulyman Tejidini     Borgu     Maryam Nurudeen     Aishat Mohammed Lawal     Aliyu Salihu     Ambassador Kayode Laro     Chikanda     Alore     Shaaba Lafiagi     Bello Oyedepo     Vasolar Consultoria     Iyaloja-General     Academic Staff Union Of Universities    

Cloud Tag: What's trending

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

Oke-Ero     Tunde Kazeem     Salami Adekunle     Veterinary Teaching Hospital     Saad Belgore     Bond     Cornelius Adebayo     Raji AbdulRasaq     Neo Mundo Ltd     National Information Technology Development Agency     Kwara State Branch Of The National Library     CT Ayeni     Isiaka Oniwa     Clement Yomi Adeboye     Ayegbeni     Ibikunle Ogunleye     Yusuf Amuda Abubakar     Amuda Aluko     Alaiye     Ope Saraki     Olatomiwa Williams     Kunle Akogun     Niyi Osundare     Babajide Ajayi     Sa\'adu Salau     Omotosho     Kassim Babamale     Raliat AbdulRazaq     Ayedun     Shuaib Abdulkadir     Valsolar Consortium     Benin Republic     Ebola     Lanre Jimoh     Saliu Oluwole     Summit University     Sheikh Ariyibi     Abiodun Musa Aibinu     Abatemi Usman     Abikan     Otoge     SWAN     Dele Momodu     Olugbense     Abdullahi Saadudeen Alikinla     Aliyu Olatunji Ajanaku     Abraham Ojo     Barakat Community Secondary School     Doyin Awoyale     Saliu Ajia     Ella Supreme Tissue Paper     Assayomo     Aishatu Ahmed Gobir     Mohammed Yahaya Barki     Mohammed Lawal     Yahaya Oloriegbe     Ekweremadu     Amuda Musbau     AbdulRazaq Abubakar Jiddah     Prince Sunday Fagbemi     Onilorin Of Ilorin     Kolawole Bashirat     Razaq Atunwa     Rotimi Oyedepo     Sarah Jubril     Idi-Ape     Smart School     CBT     Funmilayo Zubair     Irepodun     HYPPADEC     International Aviation College     Forgo Battery Company Limited     Toun Okewale-Sonaiya     UNILORIN Alumni     Kemi Adeosun     Umaru Saro