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.

Adeniyi Ojo     Yahya Mohammed     Cassava Growers\' Association     Standard Organization Of Nigeria     Toyin Abdullahi     Gbemi Saraki     Ayinke Saka     Government High School Adeta     Offa Descendants Union     Savannah Centre For Diplomacy, Democracy And Development     Afeyin-Olukuta     Abegunde Goke     Stephen Fasakin     Bashir Adigun     Abdulquowiyu Olododo     Doyin Awoyale     Sanitation Exercise     GANZY     Wasiu Odewale     Hassan Saliu     Gbemisola Saraki     Alabere     Federal Allocation     Omoniyi M. Ayinla     AbdulRasaq Abdulmajeed Alaro     Halimah Perogi     Shao     Sheikh Ridhwanullah     YAKOOYO     Baba Isale     Halidu Danbaba     Olokoba     Saliu Alamoyo     Fatima Abolore Jimoh     Yakub Ali-Agan     Tunji Ajanaku     Muhammed Danjuma     Titus Ashaolu     Bello Oyebanji     Iyiola Oyedepo     Egbewole     Muhammad Fawaz Abubakar     Seed Technologies     Modupe Oluwole     Iyabo Adisa Ibiyeye     Federal Road Maintenance Agency     Overland     S.O. Opowoye     Ajeigbe     NIRSAL     Gobir     Ishola Abdullahi     March 28     Tunji Folami     National Information Technology Development Agency     Moremi High School     Samari     Yoruba     Tanke Flyover Bridge     Paul Odama     Peter Amogbonjaye     Kwha.gov.ng     Oba Abdulrahim     Minister     Eruku     Muhammadu Buhari     Abdulraheem Olesin     Yahaya Muhammad     Kola Olota     Muhammad Mustapha Suleiman     Yusuf Badmus     AbdulRaheem Ahmad Shayi     Abdulwahab Olarewaju Issa     Afin Descendants Union Of Odo-Owa     Abdulmumini AbdulRazaq     Y.A. Abdulkareem     Shoprite    

Cloud Tag: What's trending

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

Segun Adeniyi     Abdullahi Samari     Sabi     Osinbajo     Oloruntoyosi Thomas     Salihu Ajibola Ajia     Olokoba Sulyman     VADA     Maimunat Oniyangi     Aliyu Alhassan     Buari Edun     AbdulRazaq Abubakar Jiddah     International Aviation College     Odo-Owa     Raliat AbdulRazaq     GGDSS Pakata     Yahaya A Paniyaro     Adamu B. Yaqubu     KSIRS     Moses Afolayan     Ilorin Talaka Parapo (ITP)     Village Alive Development Association     Iyeru Grammar School     Abdullahi Dasilva Yussuf     Tosho Yaqub     Yunus Lawal     Funmilayo Isiaka Oniwa     SDP     Shuaib Abdulkadir     Ishola Balogun Fulani     Rafiu Ibrahim     Yakubu Dogara     Tunde Akanbi     Kayode Bankole     Baakini     Okin Biscuit     Fareedah Dankaka     Yusuf Lawal     Ibrahim Abdulqadir Abikan     Share     Patigi Regatta     Lukman Oyebanji Fagbemi     Abdulkadir Bolakale Sakariyah     Kehinde Boyede     CELF     Oko-Olowo     Modibo Kawu     Hydro-electric Power Producing Areas Development Commission     Shehu Alimi Foundation For Peace And Development     Paul Olawoore     Oke-Odo     2017 Budget     Farouk Salim     Bolakale Ayo     Danladi     Razaq Ayobami Akanbi     TIC     Abubakar Usman Jos     Amoyo     Femi Agbaje     Najim Yaasin     Raliat Elelu-Habeeb     Photo News     Binta Abubakar Mora     Maryam A. Garuba     Mustapha Akanbi     March 28     Ekweremadu     Chief Imam Of Offa     Garba Idris Ajia     Ita-Ore     IYA YUSUF     Ilesha-Baruba-Gwanara     Kwara United     Colleges Of Education Academic Staff Union     Bashir Badawi     20 Billion Bond