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.

Dunmade     Valsolar Consultoria     Olatunji Ibrahim     Shuaib Olarongbe     Unicontinental Construction Company     Ijakadi     Shehu Raheem Adaramaja     Yakubu Shaaba     Old Oyo     Garba Idris Ajia     AIT Ilorin     Yusuf Lanre Badmas     Ariyo     Olomu     Lawal Arinola Kudirat     Adama Isa     KWAFFA     Muhammadu Gobir     Aisha Buhari     Ilofa     KWSUED     Buari Edun     Sheriff Shagaya     Kulende     Mohammed Ghali Alaaya     Kamaldeen Ajibade     Ajike People Support Centre     Sherif Sagaya     David Oyepinola Adedumoye     Doyin Agbamu     Abdulrazaq Sanni     Makama Of Ilorin     Ndakene     Kwara Teaching Service Commission     Mahmud Ayinla Giwa     Sarkin Malamai     Dan Iya     Ahmed Shuaib Buranga     Bature Bello     Toyin Saraki     Toyosi Thomas     Manzuma     Oke-Odo     Age AbdulKareem     Hauwa Nuru     Mahe Abdulkadir     Is\'haq Modibbo Kawu     Cornelius Adebayo     Kwara State Health Insurance Agency     Omu-aran     Yemi Sanni     Babatunde Idiagbon     Aliyu Olatunji Ajanaku     NSCIA     Adedipe     Fola Consultant     COVID-19 Palliatives     Ola Falade     Quareeb     Kemi Adeosun     Ajuloopin     Bolaji Gambari     Ajibike Katibi     Abdulmumini Sanni Jawondo     Veterinary Teaching Hospital     IYA YUSUF     Balogun Fulani     KWACOBPA     Adedayo Yusuf Abdulkareem     Patience Jonathan     Olam Food Ingredients     Iyabo Dupe Adekeye     Muslim Cementary     Salami Adekunle     Arik     Sarakite     Samuel Olusegun Adedayo    

Cloud Tag: What's trending

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

Abdulraheem Yusuf     NNPP     Oke-Ogun     Sam Okaula     KW-GIS     Gambari     Hassan Saliu     Amosa     Ophthalmological Society Of Nigeria     Rotimi Oyedepo     George Innih     Mansur Alfanla     Oko-Erin     Taofik Abdulkareem Babaita     Balogun Gambari     College Of Arabic And Islamic Legal Studies     Mustapha Akanbi     Shuaib Abdulkadir     Tafida Of Ilorin     Sango-UITH Road     Bolaji Aladie     Abdulhakeem Amao     Idris Amosa Saidu     Rapheal Ashaolu     Mohammed Abdulahi     Yahaya A Paniyaro     GRA     Olupako     IESA     Idiagbon     Shade Omoniyi     Yusuf Amuda Gobir     Nigeria Customs Service     Olanrewju Okanlawon Musa     Ibrahim Sulu Gambari     Toyin Saraki     Opaleke Bukola Iyabo     IF-K     Ajibola Ademola Julius     ER-KANG Mining Nigeria Company Limited     Centre For Peace And Strategic Studies     Senate     Kolade Solagberu     Mohammed Alabi Lawal     Joseph Alex Offorjama     AGILE Programme     Bayo Onimago     Federal College Of Education (Special), Afon     UNILORIN Alumni     NSCIA     Alimi Abdulrazaq     Abdulrasaq Alaro     Gafaru Olayiwola Olorisade     Oluwole Dupe     Kolo     James Ayeni     Yusuf A. Usman     Sarkin Malamai     Dele Belgore     Aasiyat Bello Oyedepo     Mohammed Ghali Alaaya     Bashir Badawi     Alumni Association Of The Federal Polytechnic Offa     ENetSuD     Agor     Kwara State Printing And Publishing Corporation     Yusuf Lanre Badmus     Kisira     Maigida     John Kehinde Salako     Henry Olaosebikan     Abdulrahman Abdulrazaq     Adekunle David Dunmade     Afolayan     Ibrahim Oniye     Saeedat Aliyu     Abdulazeez Arowona