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.

Alao Ayotunde     Abdulrahman Abdullahi Kayode     Kwara Primary Health Care Development Agency     Sa\'adu Salau     Okiki     Towoju     Shagari     Medview Airlines     Yoonus Lawal     Idris Garba     S.O. Opowoye     Al-Adaby     Ilofa     Razaq Ayobami Akanbi     Saba Jibril     Lateef Alagbonsi     Ibrahim Jawondo     Suleiman Yahya Alapansapa     Christopher Ayeni     Bukola Ajikobi     Malete     Roseline Oni Aremu     Abdulganiyu AbdulAzeez     Pakata Patriots     KSIRS     Manzuma     Pakata Development Association     Bello Bature     Alfa Belgore     Akom Construction And Engineering Synergy Ltd     Bamidele Adegoke Oladimeji     Raliat AbdulRazaq     Mujtabah Bature     Amina Susa\'a De Ahmed     Odo-Owa     Dar-Al-Handasah Consultants Ltd     National Pilot     Baruten     Mashood Abdulrafiu Agboola     Abdulsalam Firdaous Amosa     Ganiyu Abolarin     Adedayo Yusuf Abdulkareem     NIPR     Salami Adekunle     Akume     Ibrahim Abikan     Ahmed Dankaya     KWASIEC     AbdulGaniyu Kareem     Colleges Of Education Academic Staff Union     Ayodele Olaosebikan     Mutawalle     Kwara 2023     Air Peace     Garba Dogo     Abdulrahman Abdulrazaq     Olumide Daniel Ibitoye     Gobir     MAI Akande     Kale Ayo     Gbugbu International Market     Sam Okaula     Matthew Babaoye     Adijat Adebiyi     Apado     Abdulwaheed Musa     Buhari     Ahmed Bolaji Nagode     Student Learning Support Helpline     Nigerian Army     Abdulfatah Ahmed     Yusuf Ali     ITEM 7     Segun Ogunsola     Olusin Of Ijara Isin     Solomon Edojah     Abdulrahman Abdulrazak    

Cloud Tag: What's trending

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

Garba Ado Sanni     Ibrahim Bio     CBT     Charles Ibitoye     Mohammed Lawal     Kola Olota     Jimoh Saadudeen Muhammed     Mohammed Halidu     Wahab Agbaje     Kwabes     Ile Arugbo     Olusegun Adeniyi     Jamila Bio Ibrahim     Tanke Flyover Bridge     Ogbondoroko     Alikinla     College Of Health     Kolade Solagberu     Yomi Adeboye     Ubandoma Of Ilorin     Ishaq Oloyede     Tunde Kazeem     Fareedah Dankaka     IQRA College     Abdulrahman Abdulrazaq     Ogidi-Oloje     Ndama Al-hassan     Azeez Bello     Ahmed Mohammed Rifun     Isiaq Khadeejah     Yusuf Babatunde Abdulwahab     Abdulmumini Sanni Jawondo     Ganiyu Taofiq     College Of Education     Modibo Kawu     Saadu Gbogbo Iwe     Ibraheem Abdullateef     Rachael Obisesan     Shuaib Boni Aliyu     Valsolar Consultoria     Kassim Babamale     Opolo Global Innovation Limited     Salman Alada     Erin-ile     Abdulkarim Adisa     Pakata Patriots     Sa\'adu Gambari     Aliyu Kora Sabi     Popo-Igbonna     Olabode George Towoju     Emir Of Ilorin     TETFUND     Moji Makanjuola     Busari Toyin Isiaka     Patience Jonathan     Kwara Pdp     Ahmad Olayiwola Kamaldeen     Kwara State Polytechnic     Ghali Alaaya     Olokoba Abdullahi Ayinla     Abdulrazaq Solihudeen     Oyawoye     Opobiyi     Idris Amosa Saidu     Ajasse-Ipo     Razaq Atunwa     Oro Grammar School Old Students Association     Sun Qing Rong     Abdulraufu Mustapha     Micheal Imoudu     Yakubu Mohammed Abdullahi     KWSUED     Salman Suleiman     Bureau Of Lands     Ramadhan     Oyun     Hauwa Nuru