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.

NNPP     Olupako Of Share     Abdulmajeed Wahab     AbdulGafar Tosho     Amina Susa\'a De Ahmed     Kwara 2023     Abiodun Musa Aibinu     Muhammed Taofeeq Abdulrazaq     Amuda Aluko     Offa Metropolitan Club     Yusuf AbdulRasheed     Saba Mamman Daniel     Old Oyo     Olaiya Victor Mobolaji     Kolawole Akande     Roseline Oni Aremu     Haleeman Salman     Shuaib Abdulkadir     Sa\'adu Gambari     Oniwasi Agbaye     Saadu Yusuf     Michael Nzwekwe     Oluwatoyin Lukman     Folajimi Aleshinloye     Chemiroy Nigeria Limited     Afonja Descendants Union     Oko-Olowo     Kwara State Sports Commission     Alagbado     Madawaki Of Ilorin     Olomu Of Omu-Aran     Abdulrahman Iliasu     Hassan Saliu     Fatimah Abdulkadir     Dan Iya Of Ilorin     Hussein Oloyede     Kale Ayo     Adegoke Bamidele     Abdulrasheed Lafia     Suleiman Abubakar     Babata     Olatinwo     UITH     ENetSuD     Afin Descendants Union Of Odo-Owa     Jamiu Oyawoye     Mamatu Abdullahi     Moshood Bakare     Monkey Pox     Bolakale Kawu Agaka     Demola Banu     Oniwa     SAPZ Project     Tunji Arosanyin     Ishaq Oloyede     Zaratu Umar     Isaac Gbenle     Nigeria Governors\' Forum     Adedipe     Ishola Abdullahi     Assayomo     JSSCE     Soffiyyallah Kamaldeen     KWASAA     Harrison Osauwagboe     Balogin Alanamu     International Vocational Centre     Mamman Saba Jibril     Iponrin     Samuel Adaramola     Kwara     Kwara Volleyball Association     Erubu     Modibo Kawu     KWIRS     Ella Supreme Tissue Paper     Kunle Suleiman    

Cloud Tag: What's trending

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

Park     Sebastine Obasi     Durosinlohun Atiku     Bashir Omolaja Bolarinwa     Yusuf Badmus     Ilesha-Baruba     Tunji Oyawoye     Senior Staff Union Of Colleges Of Education     Ile Arugbo     Isiaka Gold     Bola Sagaya     Charles Ibitoye     Abdulsalam Firdaous Amosa     Yakubu Dogara     Oasis Muslim Care Foundation     Chief Of Staff     Muhammad Akande Olarewaju Odunade     Special Agro-industrial Processing Zone     Aliyu Alhassan     Offa Poly     Adesoye College     Akande Idowu Ayoola Muhammed     Al-Adaby     Emir Of Yashikira     Hikmah AbdulKareem     Okin Malt     Olabanji Orilonishe     Suleiman Rotimi Iliasu     Towobola Abdulrahman Toyin     Lanwa     Old Oyo     Government House     Olatunde Oyeyiola     Kazeem Gbolagade     Abdulfatah Ahmed     JAMB     Kwara University Of Education     CBT     Musa Alhassan Buge     Michael Nzekwe     Alapansapa     Moshood Mustapha     Ubandawaki     Awili Pedro     Kassim Babamale     IFK     Abdulrazaq Magaji     Abdulmutalib Shittu     Oniwasi Agbaye     Mohammed Haruna     Alabi Lawal     Jamiu Oyawoye     Federal Road Maintenance Agency     Sabitiyu Grillo     Abegunde Goke     Abdullah Janet Amudat     Opolo Global Innovation Limited     Igosun     Smart School     NITDA     Kwara Poly     Nagode     Bursary     Dauda Adesola     Vasolar Consortium     College Of Health     Ali Ahmad     Saka Onimago     Olokoba Abdullahi Ayinla     Adeleke Ogungbe     Abdulrahman Abdulrasaq     Adeniyi Ojo     Oye Tinuoye     UNILORIN Alumni Association     Plat Technologies     Bello John Olanrewaju     Mazars Consulting