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.

Oladimeji Thompson     Rachael Obisesan     Adedayo Yusuf Abdulkareem     Kwara State Branch Of The National Library     Mufutau Gbadamosi Esuwoye     AbdulHakeem Ajibola Akanbi     Sabi     Abdulfatai Salman Baakini     Joseph Yemi Ajayi     Oba Of Jebba     Ganmo Power Sub-Station     Adanla-Irese     Ahmad Belgore     International Vocational Centre     Shade Omoniyi     Garba Idris Ajia     Taiwo Joseph     Isiaka Alikinla     Oloriegbe     Oba Abdulrahim     Omu Aran     Nigeria Foundation For Artificial Intelligence     Bisi Kristien     Abdulrahman Abdulrazak     Katibi Ibraheem Adeola     Niyi Ogundiran     Communication Network Support Services     Bamidele Aluko     Sulu Gambari     Olabimpe Olani     Saba Jibril     Odolaye Aremu     IF-K     Teachers Specific Allowance     Zubair Folorunsho Erubu     Salihu S. Yaru     Amasa     Chief Imam Of Omu-Aran     Lateef Alagbonsi     Roseline Oni Aremu     Col. Adedipe     Special Agro-Industrial Hub     Tunde Saad     GAMA     Taofeek Ibraheem     Sulaiman Gado     Wale Oladepo     Gbadeyan Gbadura Yomi     Saba Mamman Daniel     Amos Justus Sayo     Ubandawaki     Oniwa     Ahmad Lawan     Ajase-Ipo     Yusuf Zulu-Gambari     Kwarareports     ARMTI     Basic Education Certificate Examination     National Broadcasting Commission     Gabriel Fashanu     Abdulrahman Abdulrasak     SUBEB     James Kolo     Otoge     Samuel Elizabeth Keatswa     Ilesha-Gwanara     Mujtabah Bature     AbdulKareem Yusuf Danhawa     Theophilus Oyebiyi     Saheed Alakoso     Isiaq Khadeejah     Kunbi Titiloye     Umaru Saro     Bibire Ajape     Muftau Akanbi Oke     Government House     Adaramaja    

Cloud Tag: What's trending

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

Abdulrazaq Solihudeen     Shuaib Abdulkadir     Kwara Primary Health Care Development Agency     Oyin-Zubair     Kehinde Boyede     Musibau Akanji     Atunwa     Moshood Mustapha     Kassim Babamale     Lola Olabayo     Roseline Oni Aremu     Bayo Mohammed Onimode     Ajayi Okasanmi     Olatunji Moronfoye     Bashirat Bola Bello     Kayode Oyin Zubair     Jide Ashonibare     Ibrahim Akaje     LEAH Charity Foundation     Iponrin     Ajeigbe     Elekoyangan     Abdulmumini Sanni Jawondo     Malete     Pacify Labs     IYA ALFA NLA     Hamidat Sulyman-Yusuf     Habeeb Abdullahi Al-Ilory     Tunji Ajanaku     AbdulHamid Adi     Government House     Gambari     Segun Adeniyi     Curfew     Seni Saraki     Yusuf Babatunde Abdulwahab     Maimunat Oloriegbe     Rihanat Ajia     Rasheed Jimoh     Muhammad Yahya     Elerin Of Adanla     Mumini Ishola Hanafi     Aliyu Muhammad Saifudeen     National Party Of Nigeria     Yunus Lawal     Abraham Ojo     PPS     Ajidagba     Abdulmajeed Abdullahi     Ayinde Oyepitan     Kannike     Rashidi Yekini     Kolawole Akande     Oju Ekun Sarumi     Ilorin West     Zulu Gambari     Galadima     N-Power     Air Peace     Sabi     Bello Taoheed Abubakar     Bukola Ajikobi     Dar-Al-Handasah Consultants Ltd     CT Ayeni     Olatunji Ayeni     Kayode Yusuf     Ilorin East     Joana Nnazua Kolo     Isiaq Khadeejah     Olaitan Buraimoh     Tafidan Kaiama     Ajibike Katibi     Abdullah Janet Amudat     Shonga Farm Project     Government High School Adeta     Centre For Community Empowerment And Poverty Eradication     Talaka Parapo