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.

Oke-Ode     Kaosarah Adeyi     Bature Bello     Rotimi Atere     Adeniyi Ojo     M.Y. Abdulrahaman     Adijat Adebiyi     Tinubu     Oke-Ero     Plat Technologies Limited     Olokoba Sulyman     Lawan     Yusuf Abdulwahab     Medview Airlines     Aliyu Kora Sabi     Fatima Abolore Jimoh     Aliyu Umar     Balogin Alanamu     CACOVID     HAMFAT Clinic And Maternity     Abdulkadir Jimoh     Galadiman Ngeri     Wahab Egbewole     Tosho Yaqub     Afolasade Opeyemi Kemi     Mohammed Ghali Alaaya     Bamidele Adegoke Oladimeji     Geri-Alimi Split Diamond Interchange     Bola Iyabo Ibiyeye Adisa     Yusuf Abdulraheem     National Party Of Nigeria     Metro Park     AbdulHamid Adi     Gaa Olobi     N-Power     Oya State     Ayodele Olaosebikan     Khairat Gwadabe     Maryam Nurudeen     Segun Olawoyin     James Kolo     Mumini Ishola Hanafi     CKNG     Gobirawa     Sa\'adatu Modibbo-Kawu     Ibrahim Oniye     Daud Adeshola     Olomu     Aisha Abodunrin Ibrahim     Budo Egba     KSIRS     Magaji Erubu     Ramat Oganija     Okala Baba     Funmilayo Braithwaite     Samari     Ilorin Emirate     Yusuf Ali     Kwara Restoration Project     Lawal Jimoh     TESCOM     Orire     Kwara State Council Of Chiefs     Olufolake Abdulrazaq     Adama Isa     Omotosho     Gbugbu International Market     Sanitation Exercise     Ezekiel Yissa Benjamin     Umar Saro     Kwara State Coalition Of Business And Professional Associations     Kwara     Dan Iya Of Ilorin     Saka Onimago     Ajibola Saliu Ajia     Yomi Adeboye     Benin Republic    

Cloud Tag: What's trending

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

Harafat E. Mukadam     Olanrewju Okanlawon Musa     Ahman Patigi     Taofik Mustapha     Abdulwaheed Musa     Akanbi-Oke     Rice Farmers Association Of Nigeria     T And K FOODS     Suleiman Abubakar     Aso Ofi     Aremu Odolaye     Abdulkarim Adisa     Sherif Shagaya     Sabi     Funke Adedoyin     Alfa Yahaya Road     Kwara State Infrastructure Development Fund     Adanla-Irese     Ibrahim Akaje     Kwara State Printing And Publishing Corporation     Ezekiel Yissa Benjamin     Osi     Yahaya Abdulkareem     Jimoh Lambe Abdulkareem     Mohammed Jimoh Faworaja     11th Galadima     Agboola Babatunde     COVID     New Naira Notes     Bolakale Ayo     Neuropsychiatric Hospital     NAWOJ     Aminu Adisa Logun     Chemiroy Nigeria Limited     Isiaka Rafiu Mope     Kwara Muslim Pilgrims Welfare Board     Mustapha AbdulGaniyu     Buari Edun     Afin Descendants Union Of Odo-Owa     Rafiu Olasile     Kwara State Pension Board     Offa     Alabi Olayemi Abdulrazak     Bukola Saraki     Kwara Restoration Project     Lafia Aliyu Korasabi     Bankole Omishore     Sheu Ndanusa Usman     Magaji Nda     SSA Youth Engagement     Kwara 2019     KWACOBPA     Islamiya Abdulraheem     Kabir Shagaya     ARMTI     Bashiru Makama     Onilorin     Raliat Islamic Foundation     Tope Daramola     Fatai Adeniyi Garba     Akom Construction And Engineering Synergy Ltd     Olomu     Taofik Abiodun Ahmed     PPS     BECE     Oye Tinuoye     MMWG     Mohammed Lawal     Ibraheem Abdullateef     Trader Moni     Salihu S. Yaru     Gbemisola Oguntimehin     Charles Ibitoye     Folorunsho Erubu     Asa LGEA School     Twitter     Joseph Offorjama