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.

Moses Afolayan     Alaro     Tafida     Ilorin.Info     Oko-Erin     Olohungbebe     Halimah Perogi     Femi Oladiji     Ilesha-Baruba     Islamiya Abdulraheem     Ajike People Support Centre     Abiodun Jacob Ajiboye     Dan Iya     Folashade Omoniyi     Sherif Shagaya     ER-KANG     United Nigeria Airline     CCB     Taofik Mustapha     Kwara     Ganmo Power Sub-Station     Association Of Kwara State Online Media Practitioners     Iliasu     HAMFAT Clinic And Maternity     Isiaka Rafiu Mope     Salary     Ahmed Ayinla Jimoh     Radio SBS     Kumbi Titilope     Yomi Ogunsola     Sun Qing Rong     Okasanmi Ajayi     General Tunde Idiagbon International Airport Ilorin     Aliyu Alhassan     Ilorin East     NFAI     Bankole Omishore     Kuliyan Geri     Ayobami Seriki     Theophilus Oyebiyi     3MTT     Oya State     Mansur Alfanla     Awili Pedro     Valsolar     Elerin Of Erin-Ile     Shao     Abdulkareem Alabi     Ilorin Metro Park     Ibikunle Ogunleye     Saka Keji     Pakata     Kwasu     Bahago     Ayo Opadokun     Onilupeju Of Ilupeju     Local Government Pension Board     Salman Alada     Bayo Mohammed Onimode     Yomi Adeboye     Funmilayo Isiaka Oniwa     Abubakar Ndakene     Michael Ologundea     Dan Masanin     Mahfouz Adedimeji     Suleiman Abubakar     2023 Elections     Baboko Primary School     Ganiyu Taofiq     CELF     Omoniyi M. Ayinla     Offa Metropolitan Club     Isiaka Abdulrazak     Dapo Teni Nig Enterprise     Ilorin Muslim Community     Durbar     NNPP    

Cloud Tag: What's trending

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

Afonja     Smart School     Lafia Aliyu Korasabi     Bayo Onimago     Dele Belgore     Segun Abifarin     Babaloja-General     Eghe Igbinehi     Abubakar Kawu Baraje     Abdulkadir Orire     Bamidele Adegoke Oladimeji     AbdulRazaq Abubakar Jiddah     Abdulazeez Arowona     Ayodele Kuburat Olaosebikan     Isaac Gbenle     Bola Iyabo Ibiyeye Adisa     Kwara Poly     Wasiu Onidugbe     Gbadeyan Gbadura Yomi     Femi Agbaje     Okin Biscuits     Omoniyi Ayinla     Ile Arugbo     Aliyu Umar     Olatunji Moronfoye     Bond     Jumoke Gafar     Olusin Of Ijara Isin     State Bureau Of Internal Revenue     Apado     Mufti Of Ilorin     Lanre Issa Onilu     Dar-Al-Handasah Consultants Ltd     Gwanara     Bayer Nigeria Limited     Lucky Omoluwa     Alfa Yahaya Road     Sam Okaula     Amos Justus Sayo     Abdulrasheed Lafia     Chief Imam Of Omu-Aran     CACOVID     Abdulrazaq Aiyelabegan     Lateef Ademola Olatunji     Jamiu Oyawoye     SDP     Ilorin Airport     Ahmed Dankaya     Taofik Abdulkareem Babaita     Yahaya Seriki     Balogun Ajikobi     Senate     Mohammed Lawal     Vasolar-Kwara Company Ltd     Ijagbo     Muhammad Toyin Sanusi     Garment Factory     Abdulganiyu Oladosu     NITDA     International Vocational Centre     Olupako Of Share     Hajj     Baruba     Sardauna Of Ilorin     Nagode     Issa Manzuma     Ridhwanullah Al-Ilory     Sidikat Uthman Ajibola     Obasanjo     Ibrahim Abiodun     Riskat Opakunle     Gani Saadu     Bukola Saraki     Tsaragi-Share     Quareeb     Tunde Kazeem     Oyedun Juliana Funke