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.

Otoge     Ibrahim Sulu Gambari     Yusuf Olaolu Ali     Dunmade     Shao     Abdulmumini Sanni Jawondo     Crystal Corner Shops     Oluranti Idowu     Oluwole Dupe     Tricycle Owners Association Of Nigeria     Oya State     SSUCOEN     Mohammed Ghali Alaaya     Abdulmumini AbdulRazaq     Maimunat Oniyangi     Alloy Chukwuemeka     Aliyu Adebayo     Bola Magaji     Tanke     Old Oyo     Convocation Ceremonies     Yahaya Jibril Usman     Kwara State Geographic Information Service     Tunde Saad     Muhammad Ghali Alaaya     Taofeeq Olateju     Muideen Olaniyi Alalade     Shuaib Abdulkadir     Muslim Cementary     Simeon Ajibola     Saka Aleshinloye     Ishola Abdullahi     Obuh     Folajimi Aleshinloye     Obayomi Azeez     Muritala Awodun     Kolawole Bashirat     Ministry Of Women Affairs And Social Development     Ijakadi     Bayo Onimago     IDPU     Third Estate     Adamu Jemilat-Baki     Kwasu     Ilorin Central Mosque     Smart School     Joseph Alex Offorjama     Logun     Ridwan Agboola     Kwara South     KFA     Maryam Nurudeen     Gbemi Saraki     Na\'Allah     Senate Presidency     Alabere     Muhammad Akande Olarewaju Odunade     Atunwa     Jimoh Lambe Abdulkareem     Riskat Opakunle     Lawyers Unite Against Corruption     Ayodele Olaosebikan     Ahman Pategi     Borgu     Aisha Gobir     IQRA College     Hajj     Ile Arugbo     Abdulraufu Mustapha     Orisun Igbomina     Face Masks     Sai Kayi     Ladi Hassan     Muazam Nayaya     Olajumoke Monsura Gafar     Aliyu Kora Sabi     Taiwo Joseph    

Cloud Tag: What's trending

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

Olokoba     Seed Technologies     Peter Obi     Yusuf Amuda Gobir     Rex Olawoye     Alanamu     Ajeigbe     Abdullahi Adisa Akodudu     Tanke Road     Hausa     Ibrahim Labaika     Abdulbaqi Jimoh     Taofik Abdulkareem     International Vocational Centre     Societe Generale Bank Of Nigeria     Mohammed Yahaya Barki     Bahago     Ita-Ore     Okasanmi Ajayi     Khadijat Ayoola Yusuf     Alagbado     Idofin     Kwara Volleyball Association     Umar Adelodun     Hamidu Olowo     Babajide Ajayi     CACOVID     Funmilayo Isiaka Oniwa     Balogun Fulani     Bola Olukoju     Agboola Abdulraheem     JAAC     Kwara State Geographic Information Service     Oloye     Musa Alhassan Buge     Kwara State Fire Service     Abdulmalik Bashir Mopelola Risikatullahi     Wahab Abayawo     Buhari     Muslim Stakeholders Of Kwara State     Basit Olatunji     Ilorin Talaka Parapo     Joseph Bamigboye     Binta Abubakar-Mora     VADA     Amusa Bello     Falokun-Oja     Jamila Bio Ibrahim     Olayinka Are     Muslim Cementary     Split Diamond Interchange     Saeedat Aliyu     Hassan A. Saliu     Muhammad Yahya     Ahmed Dankaya     Suleiman Ajadi     Kawu Baraje     REO CAKES     Jimoh Olusola Imam     AbdulRahman Saad     Bond     Kayode Ibrahim     Orisun Igbomina     Abdulrahman Onikijipa     Gbadeyan Gbadura Yomi     Coalition Of Kwara North Groups     Kubra Kazum     Bola Sagaya     Sa\'adatu Modibbo-Kawu     Hassan Abdulazeez Elewu     TETFUND     Kassim Babamale     Yakub Ali-Agan     Nigerian Supreme Council For Islamic Affairs     Lateef Ademola Olatunji     Oju Ekun Sarumi     Timothy Akangbe