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.

Kayode Yusuf     Oniyangi Kunle Sulaiman     ER-KANG     20 Billion Bond     GAMA     Bahago     Roheemat Hammed     Ope Saraki     Dan Iya Of Ilorin     LABTOP     Mohammed Kamaludeen     Dan-Kazeem     Wasiu Odewale     Admiralty Villa     Aishat Sulu-Gambari     Opolo Global Innovation Limited     NAWOJ     SAPZ Project     Nupe     Ilorin Innovation Hub     Saka Saadu     Bayo Ojo     Saadu Yusuf     EndSARS     Olatunde Oyeyiola     Photo News     Forgo Battery Company Limited     Justina Oha     Modibbo Kawu     Adamu Attah     Akorede     Halimah Perogi     Dele Momodu     Women For Change And Development Initiative     Mohammed Jimoh Faworaja     AbdulQowiy Olododo     Kwara State University Of Education     Olusegun Adeniyi     Mustapha AbdulGaniyu     Yusuf Ali     Chief Imam Of Offa     Tanke Road     Gurei     Pategi     Tunji Oyawoye     Amada Jidda     ANCOPPS     Olatunde Michaels     Khadijat Ayoola Yusuf     Memunat Monsuma     Nigerian Medical Association     Ilorin Emirate Stakeholders Forum     Ilorin Curfew     Bashir Badawi     QuickWin     Taofik Abiodun Ahmed     Tunde Yusuf     LEAH Charity Foundation     Taofik Mustapha     ITP     Christopher Odetunde     Oniwa     Okanlawon Musa     Chikanda     Offa Descendants Union     Babaita     Imodoye Writer’s Enclave     Amina Susa\'a De Ahmed     Idris Garba     Kwara State Fish Farmers Association     Olatunji Ibrahim     Ibrahim Mashood     Muhammed Aliyu     AbdulKareem Yusuf Danhawa     2023 Elections     Prince Bola Ajibola     Kwara State Printing And Publishing Corporation    

Cloud Tag: What's trending

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

Ishak Mohammed Sabi     Ilorin East/South Federal Constituency     Innocent Okoye     Umar Saro     Charles Ibitoye     Ahman Pategi University     Bilikis Oladimeji     Ghali Alaaya     Umar Adelodun     Sanusi Abubakar     Rotimi Atere     Abdulkadir Akanbi-Oke     A.O. Belgore     Esinrogunjo     Akanbi-Oke     Salaudeen Oyewale     Bond     Kazeem Oladepo     Joseph Daudu     Suleman Abubakar     Bank Of Industry     Salary     Shaaba Lafiagi     Ijagbo Health Centre     Abdulwahab Ololele     Sambo Murtala     Durosinlohun Kawu     Abubakar Bature Sulu-Gambari     Mujtabah Bature     Sango-UITH Road     Mansurat Amuda-Kannike     BECE     UITH     Adolescent Girls Initiative For Learning And Empowerment     Council Of The Wise     Ilorin International Airport     Kwara South     Ramat Oganija     Folorunsho Alao     Bisi Kristien     Oyin-Zubair     Sulu Babaita Isiaka     Olanrewju Okanlawon Musa     Saraki     Hussein Olokooba     Olayinka Oladapo Jogunola     Lawyers Unite Against Corruption     Usman Rifun     Mary Kemi Adeosun     Bio Ibrahim     CCEPE     Bilikisu Oniyangi     Ado Bayero     Local Government     Durbar     IHS     Kawu Baraje     Sunday Otokiti     NSCIA     Abdulrasaq Alaro     Abubakar Atiku     Javed Khan     Suleiman Abubakar     Oba Mogaji Abdulkadir     Medview Airlines     Okala Baba     Monthly Sanitation     EndSARS     Senior Special Assistant On Student Affairs     Abdulquawiy Olododo     Offa Poly     Emir Of Ilorin     Ghali Muhammed     Col. Taiwo     Folaranmi Aro     Vishvas KOZ Tractors     Dar-Al-Handasah Consultants Ltd