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.

National Party Of Nigeria     Kayode Ogunlowo     Muhammad Akande Olarewaju Odunade     Yoonus Lawal     Tunde Oyawoye     Anilelerin     Baba Issa Awoye     Musa Alhassan Buge     Tunji Moronfoye     Sobi FM     Neuropsychiatric Hospital     Jimoh Olusola Imam     Abdulrazak Shehu Akorede     Ibrahim Orire     Salmon Babatunde Salmon     Bolaji Nagode     Nigerian Army     Ope Saraki     Maryam Ado Bayero     Olanrewju Okanlawon Musa     Okiki     Falokun-Oja     Old Oyo     Yaman     Abdulmumin Yinka Ajia     Balogun Ajikobi     Lawan     Split Diamond Interchange     Jeunkunu-Malete-Bani     Code Of Conduct Tribunal     Amos Justus Sayo     Joseph Daudu     Muhammadu Buhari     Damilola Yusuf Adelodun     IQRA College     Kolawole Bashirat     Shero     Amule     David Oyerinola Adedunmoye     General Hospital, Offa     Olatunde Jare     Mohammed Abdulahi     Halimat Yusuf     Cornelius Adebayo     Sun Qing Rong     Ndama Al-hassan     Moremi High School     Makama Of Ilorin     Afin Descendants Union Of Odo-Owa     Jebba     Ishaq Oloyede     Osinbajo     Ishaq Salman     High Court     Olaiya Zuberu     Kabir Shagaya     Muhammad Sirajo Aliyu     KWSUED     Ella Supreme Tissue Paper     Deji Ajani     Akeem Olatunji     Ajibola Ademola Julius     Gobirawa     Moses Afolayan     Sarakite     Oba Abdulkadir La\'aro     Musibau Akanji     Umar Ahmed Gunu     Tricycle Owners Association Of Nigeria     Olayinka Olaogun     Adesina Simon Sodiya     KSIRS     Kamaldeen Kehinde     Oke-Ogun     Esinniobiwa Quareeb     Medinat Folorunsho Salman     Isiaka Oniwa    

Cloud Tag: What's trending

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

Michael Nzekwe     Tunde Akanbi     Centre For Community Empowerment And Poverty Eradication     Tunde Yusuf     Agor     Moronfoye     Ahmed Saidu Rufai     Muhammed Taofeeq Abdulrazaq     Olosi Of Osi     Ibrahim Abikan     Ganmo     National Union Of Road Transport Workers     Olabode George Towoju     Aisha Gobir     Rice Farmers Association Of Nigeria     Tunde Idiagbon Road     Federal Allocation     Split Diamond Interchange     Osi     Waheed Ibrahim     IYA ALFA NLA     Shaaba Lafiagi     Mohammed Haruna     All Confederation Of Principals Of Secondary Schools     Abdulrosheed Okiki     Muhammed Danjuma     Kwara State Television     Saliu Tunde Bello     Bayo Ojo     Aliyu Muhammed     Musibau Akanji     Neuropsychiatric Hospital     Aliyu Muyideen     Apado     Sheikh Ridhwanullah     Bello Bature     Umar Gunu     Salman Alada     Dunmade     Oyedun Juliana Funke     University Road     Awodun     Jalala     Umar Adelodun     IsDB     NSCIA     Bolaji Aladie     Madawaki Of Ilorin     Prince Sunday Fagbemi     Mike Omotosho     Dauda Adeniran Adeshola     Ndama Al-hassan     Oke-Kura     Kayode Zubair     Samari     Gbugbu     Siddiq Adebayo Idowu Salawu     Vasolar-Kwara Company Ltd     GRA     Adekunle David Dunmade     Emir Of Yashikira     Muhammad Akande Olarewaju Odunade     Adesina Simon Sodiya     Abdulganiyu Salahudeen     Siraj Oyewale     Seun Bolaji     Raji AbdulRasaq     Ibrahim Abduquadri Abikan     Firdaos Amasa     Suleiman Yahya Alapansapa     Damilola Yusuf     ASMAU PLAZA     Sunday Fagbemi     Ilorin Airport     LABTOP     Rebecca Olanrewaju     Balogun-Ojomu