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.

Royal FM     Mohammed Khadijat Kubura     Ilorin Muslim Community     Christopher Ayeni     Baakini     Tafida     Saka Keji     Ajasse-Ipo     Abubakar Olusola Saraki     Ope Saraki     Abdulkadir Remi Hawawu     Kola Shittu     Kazeem Gbolagade     Bolakale Kawu     Adebayo Salami     Abubakar Ndakene     Kamaldeen Gambari     Adedipe     Sardauna     Funke Adedoyin     Ijakadi     Jamiu Oyawoye     Basit Olatunji     Gambari     Kayode Oyin Zubair     Ahmad Olayiwola Kamaldeen     Ganiyu Abolarin     Forgo Battery Company Limited     Aliyu Muhammed     Tunde Yusuf     Shuaibu Yaman     Sheu Ndanusa Usman     Plat Technologies     Bola Shagaya     Ilorin Descendants Progressive Union     VADA     Olokoba Abdullahi Ayinla     Ilorin     TETFUND     National Party Of Nigeria     Abdulrasheed Na\'Allah     Metro Park     Garba Dogo     Dogara     Mufutau Gbadamosi Esuwoye     Afolasade Opeyemi Kemi     Bilikisu Gambari     Rice Farmers Association Of Nigeria     Alore     Abdulsalam A. Yusuf     Sodiya     ER-KANG Mining Nigeria Company Limited     Ibrahim Kayode Adeyemi     Tunde Mukaila Mustapha     SDP     Jelili Yusuf     Odo-Owa     Apata Ajele Secondary School     Awili Pedro     Fatai Garuba Labaka     James Kolo     AGF Abdulrazaq     Isiaka Danmeromu     Pakata Patriots     Irepodun     Saadu Alanamu     Alao Ayotunde     Kolawole Bashirat     Oni Adebayo     AbdulRazaq Jiddah     Kwara Primary Health Care Development Agency     Eruku     Abdulfatai Ahmed     UNIFEMGA     Isin     Alagbado     Mohammed Halidu    

Cloud Tag: What's trending

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

Basit Olatunji     Mohammed Tunde-Jimoh     Voices Of Tomorrow     Lafiagi     Yemi Sanni     Jimoh Bashir     Emir Of Ilorin     Issa Oloruntogun     Solomon Edoja     Abdulmajeed Wahab     Lawal Olohungbebe     Suleman Abubakar     Balogin Alanamu     Kawu     Oko Erin     Jamiu Oyawoye     Rotimi Atere     Maigida Soludero Transit     Joseph Alex Offorjama     Ilorin Emirate     Abdulfatai Salman Baakini     Muhammad Akande Olarewaju Odunade     Ishaq Oloyede     Saliu Tunde Bello     KWSUED     Yusuf Olaolu Ali     Umar Gunu     Abatemi-Usman     Ilorin International Airport     Musa Ayinla Yeketi     Edret Sabi Abel     Nigeria Foundation For Artificial Intelligence     Oloye     Peter Amogbonjaye     Yeketi     Maja     Oniyangi     Ndakene     Iyabo Adewuyi     Afolayan     Adamu Jemilat-Baki     Adegoke Bamidele     Gafaru Olayiwola Olorisade     Femi Oladiji     Ilorin Airport     Modupe Oluwole     Kazeem Oladepo     Joseph Offorjama     AbdulQowiy Olododo     Oluwole Dupe     Chief Imam Of Offa     Yekini Adio     Taofeek Sanusi     Justina Oha     Aremu Bose Deborah     Arinola Lawal     Doyin Agbamu     Ibrahim Bio     Charles Ibitoye     Jawondo     Abdulkadir Bolakale Sakariyah     Adedipe     Gbemi Saraki     Saad Belgore     Haleeman Salman     Mutawalle     COEASU     Abdulrahman Onikijipa     Abdulhakeem Adelaja Amao     Pius Abioje     Ganmo Electricity Sub-Station     Yomi Ogunsola     Tope Daramola     Kisira     Alaiye     Olubukola Kifayat Adedeji     Abdulkadir Remi Hawawu