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.

Prince Bola Ajibola     Saduki Lafiagi     Toyin Sanusi     Aasiyat Bello Oyedepo     Moshood Mustapha     Mohammed Jimoh Faworaja     Saka Aleshinloye     Ishaq Oloyede     NITDA     Kwara Teaching Service Commission     Oloriegbe     Kwara Restoration Project     Aliyu Kora-Sabi     Kumbi Titilope     Lafia Aliyu Korasabi     Nigerian Army     Sayomi     Road Transport Employers Association Of Nigeria     Frootify     Abubakar Atiku     Shettima     GRA     Bayo Ojo     Chief Of Staff     VADA     Oniyangi Kunle Sulaiman     AbdulFatai Adeniyi Dan-Kazeem     Amoyo     Oke-Kura     Isiaka Saka Opobiyi     Diagnostic Centre     Olayinka Oladapo Jogunola     National Union Of Road Transport Workers     Matthew Babaoye     Olaitan Buraimoh     Oke-Odo     Florence Saraki     Elelu     Nnazua     Ojuekun Sarumi     Ilorin South Constituency     Ayotunde Emmanuel Alao     Ubandoma Of Ilorin     Young Progressives Party     Revenue Court     Owo Arugbo     Adamu B. Yaqubu     Ilesha Gwanara Road     Facemasks     CKNG     Abdulganiyu Salahudeen     RTEAN     Saka Abimbola Isau     Yusuf Abdulkadir     Sambo Murtala     Suwa-Arabs     A.O. Belgore     Al-Ilory     Asiwaju Bola Tinubu     08001000100     Abubakar Abdulraheem     Kayode Ibrahim     Baba Idris     Ethical College     Abikan     Sulu Gambari     JMK Construction Company Limited     Ibrahim Jawondo     Marafan Shonga     Ahmed Mohammed Rifun     Omoniyi Ayinla     Olatomiwa Williams     Olomu     Akande Idowu Ayoola Muhammed     Kaiama     Apado     Sobi FM    

Cloud Tag: What's trending

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

CT Ayeni     Adamu B. Yaqubu     Adebara     Kanu Agabi     Abdul Jimoh Mohammed     Lithium     Pategi     C2c@kwarastate.gov.ng     Sun Qing Rong     Toyin Abdullahi     Ramadhan     Stephen Fasakin     Babs Iwarere     Code Of Conduct     Ogbondoroko     Unilorin     Akande Idowu Ayoola Muhammed     Ibrahim Sulu Gambari     Abiodun Abdulkareem     Revenue Court     Fatai Olodo     2017 Budget     Abdulkadri Ahmad Alaiye     Peter Obi     Abdullah Janet Amudat     Societe Generale Bank Of Nigeria     High Court     Adama Isa     Tunde Saad     Yusuf Abdulkadir     Bukola Ajikobi     Tafida Of Ilorin     Moses Rahman Popoola     Kpotum Mohammed Baba     Muhammad Toyin Sanusi     ITP     Saheed Popoola     Federal Neuro-Psychiatric Hospital     Kola Shittu     Ibrahim Issa Jetti     Isiaka Saka Opobiyi     Ilorin Talaka Parapo     Ilorin South     Ajibike Katibi     CELF     Abdulkarim Adisa     Gbenga Awoyale     Busari Toyin Isiaka     Olayinka Jelili Yusuf     Okanlawon Musa     Boko Haram     Hakeem Lawal     Wahab Abayawo     Saadu Gbogbo Iwe     Taofeeq Olateju     Niyi Osundare     Yekeen Alabi     Owu Fall     Ilorin Descendants Progressive Union     Atiku Abubakar     Haleeman Salman     Rachael Obisesan     Yusuf Zulu-Gambari     Olaiya Lawal     Sa\'adatu Modibbo-Kawu     Dan-Kazeem     Umaru Saro     Baruba     Fatimah Abdulkadir     Bola Ahmed Tinubu     Olateju Lukman     Mustapha Olanipekun     Albert Ogunsola     Mashood Dauda     New Model Police Station     CCEPE     Iliasu