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.

Lithium     Abubakar Olusola Saraki     REO CAKES     CACOVID Palliatives     NYSC     Dogara     Age AbdulKareem     Quareeb Islamic Association     Public Holiday     Wahab Kunle Shittu     Oladipo Akanmu Tolani     Hijaab     Alaaya     Baba Issa Awoye     Isiaq Khadeejah     Abdulrazaq Adebayo     Igbomina     NFAI     Minister     Olupako     Suleiman Yahya Alapansapa     Ahmed Alhasssan     Women Radio     Kehinde Baale     Arandun     Garba Idris Ajia     Ahmed Dankaya     Chartered Institute Of Personnel Management Of Nigeria     Taofik Abdulkareem     Hamidu Olowo     Kwara 2015     Kazeem Adekanye     Suleiman Abubakar     Okasanmi Ajayi     Gbugbu International Market     United Nigeria Congress Party     Kwara Poly     Emir Of Shonga     Bola Shagaya     Jimoh Akani     Oko-Erin     Mutawalle     Muhammad Yahya     Summit University     TESCOM 2025     Orire     Abdullahi Imam Abdullahi     Lateef Ademola Olatunji     Bankole Omishore     GRA     Ayo Opadokun     Farouk Salim     Fola Consultant     Lawan     Rex Olawoye     Al-Adaby     Abdullahi Biffo     Tafida Of Ilorin     Harafat E. Mukadam     Timothy Olatunde Fadipe     Kwara Central     Olukotun Of Ikotun     Yusuf Ali     Yusuf Ibitokun Sherifat     Nurudeen Mohammed     Markaz Arabic And Islamic Training Institute, Agege     Ilorin East     AbdulRahman Saad     Ilorin Talaka Parapo (ITP)     Peculiar Allowance     Olatunji Ibrahim     Saraki     Pius Abioje     SGBN     Kwara State Fire Service     ER-KANG Mining     Yahaya Dumoye    

Cloud Tag: What's trending

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

Ibrahim Taiwo Road     Aisha Abodunrin Ibrahim     Abdulrazak Shehu Akorede     Abdulganiyu AbdulAzeez     Fatai Garuba Labaka     Joseph Offorjama     Idiagbon     Sidikat Akaje     Lanre Aremu     Galadiman Ngeri     CKNG     Kolo     Abdulraheem Olesin     Pacify Labs     Oke-Ode     Jimoh Saadudeen Muhammed     Gabriel Fashanu     Oniwa     Ibrahim Jawondo     IEDPU     08001000100     George Funsho Adebayo     COVID-19 Palliatives     Lanre Jimoh     SARS     TETFUND     Lateef Ademola Olatunji     Tunde Yusuf     Kwara State Health Insurance Agency     Aisha Ahman-Pategi     Yahaya Seriki Gambari     Toun Okewale-Sonaiya     Sulyman Abdulkareem     Obuh     Aishat Mohammed Lawal     AGILE Programme     Monthly Sanitation     Kehinde Boyede     Special Agro-Industrial Hub     Abdulrazaq Sanni     Kwara State Council Of Chiefs     Musa Abdullahi     Photo News     Zainab Abass     Arinola Lawal     Aliyu Kora Sabi     Abdulmumini Jawondo     Bayo Ojo     National Union Of Road Transport Workers     Abubakar Abdulraheem     Obasanjo     Sulyman Atolagbe Alege     Ishola Abdullahi     Sherif Sagaya     Diagnostic Centre     Tosho Yaqub     Jimoh Akani     Hamidat Sulyman-Yusuf     Damilola Yusuf     Taofeek Ibraheem     Muhammad Toyin Sanusi     Sulyman Buhari     Saka Aleshinloye     Jeunkunu-Malete-Bani     Aiyedun     Overland     NSCIA     BECE     UTME     Wahab Femi Agbaje     Abiodun Oyedepo     Muhammad Fawaz Abubakar     Ajibike Katibi     Otunba Taiwo Joseph     Adedeji Onimago     Abubakar Imam     Tafida Of Kaiama