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.

Gambari     Shehu Alimi Foundation For Peace And Development     Abdulganiyu AbdulAzeez     Baruten     Tsaragi     Ibrahim Abdulqadir Abikan     Sai Kayi     Jide Ashonibare     FOMWAN     KWATMA     Ghali Alaaya     Saidu Yaro Musa     Hamidu Olowo     KWASIEC     Olayinka Are     Shade Omoniyi     Kwara State Polytechnic     IsDB     Sheikh Ariyibi     Dele Momodu     Offorjama     High Court     Adeleke Ogungbe     Ilorin South Constituency     07039448763     Roheemat Hammed     Henry Makinwa     Al-Ilory     Idowu Aremu     Ilorin Talaka Parapo (ITP)     Sulyman Abdulkareem     Olatunji Ayeni     Budo Egba     Kulende     Ilorin Airport     Dan-Kazeem     Sheikh Alimi     Maryam A. Garuba     Raliat Islamic Foundation     Waheed Ibrahim     Congress For National Consensus     Gobir Organization Foundation     Mutawalle     Code Of Conduct Bureau     Mary Kemi Adeosun     Abraham Ojo     Eruku     Odolaye Aremu     KWSIEC     Islamiya Abdulraheem     Arandun     Owu Fall     Damilola Yusuf     Rashidi Yekini     Kwara South     Lawal Olohungbebe     KWASSIP     Saba Mamman Daniel     Yakubu Dogara     Elerin Of Adanla Irese     Ahmed Mohammed Rifun     Ebola     Ladi Hassan     NSCIA     Ilorin East/South Federal Constituency     Alfa Modibo Belgore     Onilupeju Of Ilupeju     Ishaq Oloyede     Opaleke Bukola Iyabo     Ahmed Idris Mohammed     Oko     Kayode Laro     Atiku Abubakar     Gurei     Curfew     Tosho Yaqub     Kwara State Geographic Information Service    

Cloud Tag: What's trending

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

Adekunle David Dunmade     HICA     Oba Sulaiman Asude     Wahab Agbaje     Sulyman Buhari     Durbar     Idowu Aremu     Matthew Babaoye     Folaranmi Aro     Kubra Kazum     Wahab Femi Agbaje     Old Oyo     Belgore     Risikat Lawal     Ilesha Gwanara Road     Bolaji Nagode     Ayotunde Emmanuel Alao     Oluwarotimi Boluwatife Adenike     Yoruba     Esuwoye     Oke-Ode     Sulyman Age AbdulKareem     Muyideen Ajani Bello     Niguel Gallando Marcias     Kwara TV     Nigerian Supreme Council For Islamic Affairs     Owu Fall     Saliu Alamoyo     Sheriff Olanrewaju     Muhammed Mahe Abdulkadir     Offa     NYSC     Ajayi Okasanmi     Inside Kwara     Gambari     UTME     Yinka Aluko     Mutawali     Isiaka Rafiu Mope     Olaitan Adefila     Orisun Igbomina     Abdulkadir Orire     Najim Yaasin     Ahmad Belgore     Alfa Modibbo Belgore     Saheed Akinwumi     AbdulRasaq Abdulmajeed Alaro     Yusuf AbdulRasheed     Goodluck Jonathan     LAK Jimoh     Olaiya Zuberu     Ahmed     Undergraduate Bursary     Ayodele Shittu     Abdulrasheed Lafia     Standard Organization Of Nigeria     Junior Secondary School Certificate Examinations     Oye Tinuoye     Atiku     Salihu Alhaji Musa     Gbugbu International Market     Yunus Lawal     Ope Saraki     Umar Bayo Abdulwahab     Ilorin Emirate     Isiaka Gold     Amoyo     Alliance For Democracy     Fatimoh Lawal     Aso-ofi     Hussein Oloyede     Local Government     Kpotum Mohammed Baba     Dagbalodo     Joseph Bamigboye     Abubakar Atiku     GRA