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.

Lawyers Unite Against Corruption     Khairat Gwadabe     Alfa Belgore     Adamu Atta     AGM Professional Services     Hikmah AbdulKareem     Muhammad Fawaz Abubakar     Tunde Mukaila Mustapha     Doyin Awoyale     AbdulRaheem Ahmad Shayi     Bilikisu Oniyangi     Gbenga Adebayo     Ilesha-Baruba     Special Agro-Industrial Hub     Olupako     Yemi Sanni     Kale Kawu     Opobiyi     Muhammed Abdullahi     Aliyu Muyideen     Atiku     Assayomo     Moronfoye     Shuaib Boni Aliyu     Esinniobiwa Quareeb     Maimunat Oloriegbe     Hamidu Olowo     Bayo Onimago     Salihu Ajibola Ajia     Nigeria Customs Service     LAK Jimoh     Admiralty Villa     Rotimi Samuel Olujide     AbdulGafar Tosho     Taofeeq Olateju     Ganiyu Abolarin     National Party Of Nigeria     Ilorin.Info     Bolaji Abdullahi     Nigerian Medical Association     Abdulrauf Yusuf     Maryam Nurudeen     Adamu B. Yaqubu     Niyi Osundare     Orisun Igbomina     Afolabi-Oshatimehin     Adaramaja     Sarah Jubril     Special Adviser On Digital Innovation     Oko Erin     Albert Ogunsola     Abdullahi Biffo     Laolu Saraki     Shehu Adaramaja     Akanji     2023 Elections     Kehinde Baale     Ope Saraki     Taofik Abdulkareem Babaita     Abiodun Oyedepo     Aisha Buhari     Alao Ayotunde     Musbau A. Akanji     Sardauna Of Ilorin     Ahmed \'Lateef     Harrison Osauwagboe     Valsolar     Muhammad Yahya     Grillo     Babajide Ajayi     Frootify     Abdulazeez Uthman     Owo Arugbo     Ademola Kiyesola     Harmony Holdings     NNPP     Kwara 2023    

Cloud Tag: What's trending

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

Olubukola Kifayat Adedeji     Bashiru Makama     Ishola Moses Abiodun     Issa Baba     Omar Gambari     Pius Abioje     Anilelerin     Kale Bayero     Bilikisu Gambari     Abdulrasheed Akogun     Yusuf Abubakar     Tafida Of Kaiama     Shaykh Luqman Jimoh     Lawal Jimoh     Ibrahim Abdulqadir Abikan     Taofik Abiodun Ahmed     Abubakar Lah     Oba Abdulkadir La\'aro     Face Masks     Lafiagi     Offa Metropolitan Club     Olatunji Ibrahim     Danladi     Amuda Aluko     CLAY POT     Aminat Omodara     Salihu Ajibola Ajia     Vasolar-Kwara Company Ltd     Senior Special Assistant On Student Affairs     Yahaya Dumoye     Idris Amosa Saidu     Shuaib Jawondo     Muhammad Akande Olarewaju Odunade     Justina Oha     Makama Of Kaiama     Abdulsalam Firdaous Amosa     Isiaka Abdulrazak     Hakeem Lawal     Musbau A. Akanji     Ileloke     Salaudeen Oyewale     Demola Banu     Mohammed Abdulahi     Ilorin Metro Park     Apaola     Ayekale     AbdulKareem Yusuf Danhawa     Allocation     Salau Kabiru Abdullahi     Temi Kolawole     Eleja Taiwo Banu     Arca Santa     Kolawole Akande     Yahaya Jibril Usman     Bashir Badawi     Kola Shittu     Abdullahi G. Mohammad     Damilola Yusuf Adelodun     FERMA     Adedeji Onimago     LEAH Charity Foundation     Raymond Olaitan     Ahmed Alhasssan     Farouk Salim     Balogun Ajikobi     Kwara State Sports Commission     Simeon Ajibola     School Of Nursing     Odo-Owa     Mansurat Amuda-Kannike     Omu-aran     Mohammed Kamaludeen     Fatimah Abdulkadir     Oniwasi Agbaye     Abdulganiyu AbdulAzeez     Bola Shagaya     Razaq Ayobami Akanbi