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.

Abdulmumin Yinka Ajia     Aliyu Muhammed     Olumide Daniel Ibitoye     Ramadhan     Damilola Yusuf Adelodun     Garba Idris Ajia     Chartered Institute Of Personnel Management Of Nigeria     Umar Adelodun     Onikijipa     Elelu     Raymond Olaitan     Falokun-Oja     Olatunji Ayeni     Neo Mundo Ltd     Countryside Emerging Leaders Fellowship     Paul Olawoore     FOMWAN     Ndakene     Kwasu     Budo Egba     Olaoye B. Felix     Maimunat Oloriegbe     Rihanat Ajia     UNIFEMGA     Magaji Are     Igosun     Coalition Of Kwara North Groups     Samuel Adaramola     3MTT     Adeola Abraham     Opaleke Bukola Iyabo     Ola Falade     Kwara State Coalition Of Business And Professional Associations     Abatemi-Usman     Wasiu Odewale     Albert Ogunsola     Ganmo Power Sub-Station     Charcoal     Ishak Mohammed Sabi     Musibau Akanji     Busari Toyin Isiaka     Sayomi     Y.A. Abdulkareem     Abdullahi AbdulMajeed     Illyasu Abdullahi     Woro     Sun Qing Rong     Wahab Femi Agbaje     Titus Suberu-Ajibola     Ayo Salami     Ahmed Dankaya     Shehu Jimoh     Yusuf Amuda Aluko     SGBN     Umar Danladi Shero     Shuaib Boni Aliyu     Omotosho     Haruna Tambiri Mohammed     KWASEIC     Ibrahim Agboola Gambari     SAPZ Project     COVID     Idofin     Ibrahim Taiwo     Ahmed Mohammed Rifun     Gobir     Ganmo Electricity Sub-Station     Bola Tinubu     Akorede     Tunde Kazeem     Ahmed Bayero     Suleiman Mora Omar     Abubakar Lah     Kudirat Arinola Lawal     Haleeman Salman     Fulani     Kwara State Polytechnic    

Cloud Tag: What's trending

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

Durbar Festival     Sulyman Buhari     Elerin Of Adanla     Valsolar Consultoria     SAPZ Project     Bamidele Aluko     Kawu     Abdulrasheed Akogun     Oyeyemi Olasumbo Florence     Ilorin Innovation Hub     Ibrahim Abiodun     Ahmed Ayinla Jimoh     Smart School     Yahaya Abdulkareem     General Tunde Idiagbon International Airport     Yusuf Abdulwahab     Academic Staff Union Of Universities     Musa Aibinu     Plat Technologies Limited     Aliyu Kora Sabi     Iponrin     Royal FM     Segun Abifarin     Ekweremadu     Bisi Oyeleke     Kayode Oyin Zubair     Zulkifli Ibraheem     John Olajide Adedipe     Idi-Ape     UNILORIN Alumni Association     CCB     Okin Biscuit     REO CAKES     Ola Falade     Yakubu Gobir     Kayode Issa     Odo-Owa     MINILS     Kwara State Geographic Information Service     Ishaq Oloyede     Baaziki Sulaiman     Kupchi Hosea Maxwell     Ajia-Bako     Idowu Aremu     Yunus Lawal     Yomi Adeboye     Kwara State Football Association     Agboola Abdulraheem     Maryam Ado Bayero     Abdulrasheed Lafia     Frootify     Modupe Oluwole     Gambari     Jebba     08001000100     Turaki     ENetSuD     Chief Imam Of Omu-Aran     Olaitan Buraimoh     Offa Descendants Union     Yahaya Seriki     Abdulrazaq Aiyelabegan     Alfa Yahaya Road     Al-Hikmah University     AbdulRazaq Abubakar Jiddah     Illyasu Abdullahi     Mohammed Ajia Ibrahim     Boko Haram     Rapheal Ashaolu     Yusuf Abdulkadir     Ibrahim Abdullahi     Igbomina     Basit Olatunji     Onilorin     Shuaib Abdulkadir     Mike Omotosho     Basic Education Certificate Examination