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.

Muftau Akanbi Oke     Adebayo Mohammed Kamaldeen     Folorunsho Alao     Kwara North     AGF Abdulrazaq     Moses Adekanye     Kishira     Umar Yakubu Jaja     Abdulrasheed Akogun     Mohammed Haruna     Vasolar-Kwara Company Ltd     Babatunde Idiagbon     Woro     Radio Kwara     Abegunde Goke     Transition Implementation Committee     Simeon Sule Ajibola     Hakeem Lawal     Salman Jawondo     Abdulrazaq Adebayo     Kunle Okeowo     Olokoba     Olatunji Abdulmumeen     Amuda Aluko     Geri-Alimi Split Diamond Interchange     Ilorin Like-Minds     Adesina Simon Sodiya     Micheal Imoudu     Owu Fall     Gambari     Isin     Olatinwo     Shehu Salau     Jalala     Christian Association Of Nigeria     IYA ALFA NLA     Shaykh Luqman Jimoh     Mansurat Amuda-Kannike     Omotosho     Kudirat Arinola Lawal     Rebecca Bake     Jide Oyinloye     Timothy Olatunde Fadipe     Asa LGEA School     Iyeru Grammar School     Kanu Agabi     Muritala Awodun     Earlyon Technologies     Funmilayo Zubair     Ibrahim Abduquadri Abikan     Shuaib Abdulkadir     Bello Taoheed Abubakar     Kwara Poly     Ijakadi     CBT     Muhammadu Buhari     Durbar Festival     Ayeyemi Sulaiman     SSA Youth     Ibikunle Ogunleye     Ahmed Ayinla Jimoh     Tricycle Owners Association Of Nigeria     Aliyu Muhammad Saifudeen     Sanusi Abubakar     Ajase-Ipo     SAPZ Project     Halimah Perogi     Olohungbebe     Abdulquowiyu Olododo     Eruku     Marufat Oladosu     Ibrahim Oniye     Kayode Ogunlowo     Muhammad Fawaz Abubakar     Bola Magaji     Baba Issa     07039448763    

Cloud Tag: What's trending

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

KWASIEC     Olaitan Adefila     Mahmud Ajeigbe     Mohammed Danjuma     Prince Mahe Abdulkadir     Jimoh Lambe Abdulkareem     Abdulganiyu AbdulAzeez     Adeleke Ogungbe     Lanwa     Amuda Musbau     John Dara     Moji Makanjuola     Abraham Ojo     Yahaya A Paniyaro     SSUCOEN     Olota Of Odo-Owa     Egbewole     Kola Adesina     Bolaji Aladie     Turaki     Chief Of Staff     Muhammed Aliyu     CCT     James Kolo     Sa\'adatu Modibbo-Kawu     Biliaminu Aliu     Ilorin Emirate Stakeholders Forum     Oye Tinuoye     Shero     Hausa     Abdulfatai Salman Baakini     Osinbajo     AbdulKareem Yusuf Danhawa     Garuba Alikinla Shittu     Alao Ayotunde     Ajia-Bako     Kunle Suleiman     Toyin Saraki     Bashiru Makama     Jimba Babatunde     Muhammed Danjuma     Erubu Oba Zubair     Young Progressives Party     Yakub Ali-Agan     Adolescent Girls Initiative For Learning And Empowerment     Ilorin Central Mosque     Sulaiman Gado     Tunde Saad     Kayode Yusuf     Paul Olawoore     Oyedepo     Mumeen Lah     Bankole Omishore     Javed Khan     Ilorin Emirate     REO CAKES     Kwara State Internal Revenue Service     Samuel Adedoyin     General Hospital     Jani Ibrahim     Police Commissioner     Emmanuel Olatunji Adesoye     Nigerian Medical Association     Akeem Olatunji     Towobola Abdulrahman Toyin     Babs Iwarere     V.O. Abioye     Shade Omoniyi     Bilikisu Gambari     Rotimi Atere     Musa Yeketi     Sola Saraki University     Kazeem Oladepo     Oja-Oba     Bayer Nigeria Limited     Lawal Olohungbebe     Harafat E. Mukadam