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.

Anilelerin     Muhammadu Buhari     Ganiyu Abolarin     Minimum Wage     Gobir     CT Ayeni     T And K FOODS     Ile Arugbo     Gambari     Lawyers Unite Against Corruption     Olabanji Orilonishe     Hauwa Nuru     Convocation Ceremonies     Yomi Ogunsola     Abdulfatai Salman Baakini     Hydroelectric Power Producing Areas Development Commission     Kazeem Oladepo     Kwara Central     Abdulrasheed Lafia     Hassan Oyeleke     NNPP     Lucky Omoluwa     Umar Ahmed Gunu     Oke-opin     Afeyin-Olukuta     Henry Makinwa     Young Progressives Party     Suleiman Idris     Rachael Obisesan     Nigerian Army     Segun Ogunsola     Ajase-Ipo     Jimoh Lambe Abdulkareem     Sam Onile     Ishaq Salman     Ilorin South Constituency     Rasaq Jimoh     School Of Nursing     Onilu     Pakata Patriots     Irepodun     Olaitan Adefila     Aiyedun     Bola Magaji     Iyabo Adisa Ibiyeye     Ganmo Electricity Sub-Station     N-Power     Solomon Edoja     Yekini Adio     IYA ALFA NLA     Mahmud Ayinla Giwa     Al-Hikmah University     Shuaib Abdulkadir     Moro     Kwara Muslim Pilgrims Welfare Board     Innocent Okoye     KWSIEC     Olayinka Olaogun     Sarafadeen Kayode Akorede     Olota Of Odo-Owa     Kayode Oyin Zubair     Oke-Kura     Curfew     Aisha Abodunrin Ibrahim     Monsurat Omotosho     Opolo Global Innovation Limited     MAI Akande     Geri-Alimi Split Diamond Interchange     Tafida Of Kaiama     Mufti Of Ilorin     Shaykh Luqman Jimoh     Mope Dasuki Belgore     Bature Bello     Aisha Ahman Pategi     Shehu Alimi Foundation     Abdulhakeem Amao     Ita-Ore    

Cloud Tag: What's trending

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

Okedare     Kolo     Share     Gbemisola Saraki     Ishola Abdullahi     Bello Abubakar     Ahman Pategi     Mope Dasuki Belgore     Ayodele Kuburat Olaosebikan     Maja     Usman Alkali Baba     Sabitiyu Grillo     Javed Khan     Kwara Apc     Sa\'adu Salau     Kwara South     Vasolar-Kwara Company Ltd     Matthew Babaoye     Florence Saraki     HAMFAT Clinic And Maternity     Osinbajo     Awoye     Idris Garba     Alabere     Falokun-Oja     AbdulRazaq Jiddah     Samuel Elizabeth Keatswa     Kola Adesina     Sunday Popo-Ola     Kola Olota     Saba Jibril     Lateef Alagbonsi     Aminu Ado Bayero     Afolayan     Basic Education Certificate Examination     Ayo Salami     Special Agro-industrial Processing Zone     Fatai Adeniyi Garba     Saheed Alakoso     Jaiz Bank     Curfew     Mustapha Olanipekun     V.O. Abioye     Benin Republic     Ayinde Oyepitan     Women Radio     Chief Imam Of Offa     Oloriegbe     Ubandoma Of Ilorin     Aminu Adisa Logun     Oyedun Juliana Funke     PPS     Towoju     Abdulrasheed Akogun     Ilorin Durbar     Ganmo Power Sub-Station     Abdullahi Atanda     Mumini Ishola Hanafi     Otuka     Salmon Babatunde Salmon     Moses Salami     2017 Budget     Ibraheem Adeola Katibi     Opolo Global Innovation Limited     Marafan Shonga     Jimoh Bashir     Adamu Jemilat-Baki     Pakata Development Association     Kamaldeen Gambari     Maigida     Junior Secondary School Certificate Examinations     Minister     Okin High School     Lotus Bank     Funmilayo Mohammed     Abikan     Babajide Ajayi