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.

Ganmo Electricity Sub-Station     Muslim Stakeholders Of Kwara State     Wasiu Onidugbe     Moshood Mustapha     Abdulquawiy Olododo     Wale Oladepo     Fatai Olodo     Majlis For Sadaqah, Zakat And Waqf     Esinrogunjo     Salihu Jibril Garbi     Alfa Belgore     Micheal Imoudu     Femi Gbajabiamila     Okin Malt     Rafiu Ajakaye     Makama     Modupe Oluwole     NIPR     Kwara Pdp     Sidikat Alaya     Afolabi-Oshatimehin Adenike Harriet     Mahmud Babatunde Baker     Jare Olatundun     Erubu     Sarakite     Abdulfatai Ahmed     Yusuf Lanre Badmas     Yusuf AbdulRasheed     Alabi Olayemi Abdulrazak     Arca Santa     Olofa Of Offa     Kwara Central     James Ayeni     Mamman Saba Jibril     Sa\'ad Alanamu     Mohammed Abdulahi     Kola Olota     Ubandoma     Kamaldeen Gambari     Titus Suberu-Ajibola     Yahaya Jibril Usman     Gbenga Awoyale     Hassan Taiye Salam     Kubra Kazum     Ado Bayero     Ganiyu Taofiq     Hameed Oladipupo Ali     Abdulrazaq Sanni     Funmilayo Mohammed     Ambassador Kayode Laro     Saliu Mustapha     Wahab Issa     Dan Masanin     Senate Presidency     Iyabo Adisa Ibiyeye     Ahmed Bolaji Nagode     Christopher Odetunde     Kwara State Television (KWTV)     Mary Kemi Adeosun     Afolayan     Abdulraufu Mustapha     Ayedun     Kwara State University Of Education     Abdulrauf Aliyu     TIC     Mashood Dauda     UNILORIN Alumni Association     Amusement Park     Ahmed Dankaya     Unicontinental Construction Company     Surajudeen Akanbi     Oba Of Jebba     AbdulKareem Yusuf Danhawa     Muhammadu Buhari     Towoju     Babaloja-General     Abdul-Rahoof Bello    

Cloud Tag: What's trending

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

Malete     Kwara State Coalition Of Business And Professional Associations     Fola Consultant     Shuaib Boni Aliyu     Oba Abdulkadir La\'aro     Amina El-Imam     Rotimi Atere     Illyasu Abdullahi     Abdullahi G. Mohammad     Olawuyi     Hijaab     Mufutau Olatinwo     Riskat Opakunle     Idofin     Kwara North     Oba Sulaiman Asude     Otoge     Olaiya Victor Mobolaji     Peculiar Allowance     Oyun     Sheriff Olanrewaju     Kwara 2019     11th Galadima     Seed Technologies     Saliu Ajia     Sa\'adu Gambari     Abdulkadir Bolakale Sakariyah     Vasolar Consultoria     Nigeria Computer Society     Village Alive Development Association     Erubu     Abdulganiyu Salahudeen     Kwara Basketball Association     Ishola Abdullahi     Rasheed Jimoh     Bureau Of Lands     Mohammed Danjuma     Haliru Dantoro     Jaigbade Alao     Gbenga Adebayo     Gafaru Olayiwola Olorisade     Kwara University Of Education     AbdulRazaq AbduMajeed Alaro     Niyi Osundare     Baba Idris     Onilorin Of Ilorin     Balogun Ajikobi     Femtech     Garba Ayodele Wahab     Rebecca Bake     Gbemisola Saraki     Okeose Christian Cementary     Sabitiyu Grillo     Olaitan Adefila     Aishat Sulu-Gambari     Joseph Yemi Ajayi     AbdulFatai Adeniyi Dan-Kazeem     Mohammed Yisa     Saliu Ajibola Ajia     Garba Idris Ajia     Christopher Tunji Ayeni     Government High School (GHS), Adeta     Makama Of Ilorin     General Hospital     Dunmade     Ilorin Airport     NYSC     Ahmed Shuaib Buranga     Garment Factory     Abdulkadir Remi Hawawu     Saadu Alanamu     Ganiyu Abolarin     Abdullahi Atanda     Aisha Ahman-Pategi     Manzuma     Aso Ofi     Ahmed Idris Mohammed