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.

MalHub     Tunji Folami     Kwara NIPR     First Lady     Yusuf Olaolu Ali     Ophthalmological Society Of Nigeria     Nigerian Army     Akume     Plat Technologies Limited     Adesoye     Bello Oyedepo     MATTA Girls Foundation     Park     Tsaragi-Share     Salihu Alhaji Musa     Danladi     Olomu Of Omu-Aran     Abdulrasaq Alaro     Binta Abubakar Mora     Sheu Ndanusa Usman     Oke-Ero     Ishaq Oloyede     Risikat Lawal     Mansur Alfanla     Jaigbade Alao     Kunle Okeowo     Ilesha Gwanara Road     Shonga     Ayo Adeyemi     AbdulGafar Tosho     Afin Descendants Union Of Odo-Owa     Yusuf Abdulraheem     CUTI     Mashood Abdulrafiu Agboola     REO CAKES     Buari Edun     Sabitiyu Grillo     Yahaya Dumoye     Bola Sagaya     Pakata     Babs Iwarere     Shagari     Senior Staff Union Of Colleges Of Education     Iyabo Adewuyi     Kunle Akogun     UNILORIN Alumni Association     Sa\'adu Gambari     Taibat Ayinke Ahmed     Saheed Akinwumi     Olaitan Adefila     Ambassador Kayode Laro     Orire     Elese Of Igbaja     Inside Kwara     Muslimah Entrepreneurship Forum     Fatai Garuba Labaka     Dankaka     Sobi FM     Kayode Oyin Zubair     Yakubu Danladi     Rebecca Olanrewaju     Patigi Regatta     Aisha Gobir     Lawal Arinola Kudirat     Third Estate     College Of Health     Abdulmumin Yinka Ajia     Bukola Saraki     Mohammed Yisa     Wahab Agbaje     Olota Of Odo-Owa     Titus Suberu-Ajibola     Is\'haq Modibbo Kawu     Amuda Aluko     Isin     Government High School Adeta     International Aviation College    

Cloud Tag: What's trending

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

Vasolar     Oko-Erin     UNILORIN Alumni Association     Saad Omo Iya     Olosi Of Osi     Ilorin Likeminds Foundation     Tafida Of Kaiama     Alfa Modibo Belgore     Garba Dogo     Iliasu     Joseph Alex Offorjama     Aisha Gobir     Ola Falade     Unilorin     Elewu     Segun Abifarin     Maigida     Jide Oyinloye     Osuwa     Ariyo     RTEAN     Umar Bayo Abdulwahab     Amina Susa\'a De Ahmed     Funmilayo Mohammed     Ilorin Emirate Staff Association     Ahman Pategi University     Yetunde Balogun     Ayinde Oki     Salihu S. Yaru     HICA     Abdullahi Saadudeen Alikinla     Ramadhan     Olatunji Ibrahim     Saka Asiat Ayinke     Moshood Bakare     Afonja     Abubakar Imam     Asiwaju Bola Tinubu     Okin Biscuits     Jani Ibrahim     Donatus Ejidike     Abdulrauf Yusuf     Oja-Oba     Alanamu     Patience Jonathan     Okin Biscuit     Gbugbu     Col. Taiwo     Sai Kayi     AbdulQowiy Olododo     Okanlawon Musa     Idi-Ape     Kemi Adeosun     TESCOM     Nupe     Hassan Saliu     Abdulraufu Mustapha     Democracy Day     Tunji Ajanaku     Pius Abioje     Ayobami Akanbi     Femi Ogunsola     Eghe Igbinehi     Mohammed Kamaludeen     Tunde Akanbi     Kwara State Branch Of The National Library     Tunji Olawuyi     Baba Idris     Hamza Usman     Allocation     Twitter     Vasolar-Kwara Company Ltd     Olayinka Oladapo Jogunola     Emir Of Shonga     Adewuyi Funmilayo     Ayo Salami     Abdulrazaq Adebayo