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.

Atiku Abubakar     Abdulkadir Remi Hawawu     TETFUND     Yahaya Muhammad     Kayode Ibrahim     Bello Oyebanji     Tsaragi-Share     Clement Yomi Adeboye     Pakata Patriots     Justina Oha     Oko-Erin     Shao     Niguel Gallando Marcias     Oluwarotimi Boluwatife Adenike     Sunday Popo-Ola     Mogaji Aare     Ilorin Like-Minds     Akom Construction And Engineering Synergy Ltd     Kwara State Football Association     Abdulsalam A. Yusuf     Isiaka Danmeromu     Medview Airlines     Taofeek Sanusi     Saba Jibril     Ayinde Oki     Moshood Kashimawo Abiola     Neo Mundo Ltd     Bello Taoheed Abubakar     Hassanat Bello     Alagbado     Toyin Sanusi     N-Power     Apaola     IsDB     James Ayeni     Dan Masanin     Ayo Adeyemi     Jare Olatundun     IESA     Sam Okaula     Oba Abu     Dunmade     Kubra Kazum     IF-K     Isiaka Yusuf     Barakat Community Secondary School     Esuwoye     Rebecca Olanrewaju     Tunde Yusuf     EndSARS     Bola Iyabo Ibiyeye Adisa     Yunus Oniboki     AbdulGafar Tosho     Abdulsalam Firdaous Amosa     Twitter     Abdullahi Adisa Akodudu     Yusuf Amuda Abubakar     Rashidi Yekini     Rafiu Ajakaye     Katibi Ibraheem Adeola     Ilorin Muslim Community     Oke-Kura     Joseph Offorjama     Abdulhakeem Amao     Isau     Elerinjare     Babatunde Ishola Babaita     Saidu Isa     Mahmud Durosinlohun Atiku     Ohoro Of Shao     Amina Susa\'a De Ahmed     Abdulquawiy Olododo     Muhammad Akande Olarewaju Odunade     Ilesha-Baruba-Gwanara     Kola Olota     David Oyedepo     Ayodele Olaosebikan    

Cloud Tag: What's trending

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

Moshood Kashimawo Abiola     Bashirat Bola Bello     Grillo     Flights To Ilorin     Lola Olabayo     Shagari     Henry Makinwa     Baba Isale     Salihu Yahaya     Buari Edun     Amasa     Eleja Taiwo Banu     Kayode Bankole     Ridhwanullah Al-Ilory     Abubakar B.M     Charcoal     Lateef Ademola Olatunji     Aisha Abodunrin Ibrahim     Earlyon Technologies     Senior Special Assistant On Student Affairs     Unicontinental Construction Company     Abubakar Lah     Taofeek Sanusi     Alabe     Yunus Lawal     Musbau A. Akanji     Lotus Bank     Fatai Garuba Labaka     Ilorin Descendants Progressive Union     Agor     Ibrahim Oloriegbe     KWSUED     Ibrahim Sulu Gambari     Musibau Akanji     Students Union Government     Alabere     Baba Issa Awoye     Muhammed Aliyu     Chief Imam Of Omu-Aran     Offa Grammer School     Muideen Olaniyi Alalade     Aso Ofi     Cornelius Fawenu     Abdulmumini AbdulRazaq     Ophthalmological Society Of Nigeria     Abdulrazaq Magaji     Summit University     Iqra Books     Kwasu     SDP     Bamidele Adegoke Oladimeji     Daud Adeshola     AbdulRasaq Abdulmajeed Alaro     Isiaka Saka Opobiyi     Olaiya Zuberu     Ahmed Mohammed Rifun     Abdulkareem Alabi     Agbarere     Saka Onimago     Pilgrims Board     Ayodele Olaosebikan     Mufti Of Ilorin     Asa     Danladi     Kwara State Printing And Publishing Corporation     Mansur Alfanla     Emmanuel Olatunji Adesoye     Amos Justus Sayo     Oluronke Adeyemi     Saadu Gbogbo Iwe     NSCIA     Khadijat Ayoola Yusuf     Jalala     Vishvas KOZ Tractors     Lanwa     A.G.F Abdulrasaq     Ajikobi