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.

Baba Isale     Ibraheem Adeola Katibi     Lukman Oyebanji Fagbemi     Shoprite     Smart School     Musa Aibinu     Abubakar Bature Sulu-Gambari     Lai Gobir     Abdulahi Abubakar Bata     Kabir Shagaya     Kale Bayero     Ibrahim Gambari     Saka Abimbola Isau     Ilorin Emirate     Ilorin East     Abdulkadir Orire     Aishatu Ahmed Gobir     Sheriff Shagaya     Sa\'adu Gambari     Kale Ayo     Shade Omoniyi     Mukhtar Shagaya     Rebecca Bake     Kola Olota     Saidu Yaro Musa     Kwara State Printing And Publishing Corporation     Onikijipa     Ahmad Olanrewaju Belgore     Bola Sagaya     Gbemi Saraki     Nigeria Foundation For Artificial Intelligence     Galland Marcias     Ahmed Bolaji Nagode     Isiaka Alikinla     Folashade Omoniyi     Mohammed Abduraheem     Ilorin     Ahmed Shuaib Buranga     Mary Arinde     Dumagi     Roheemat Hammed     Ahman Pategi     Abdulquowiyu Olododo     Abubakar Baba     Kwara State Council Of Chiefs     Shehu Jimoh     Adeleke Ogungbe     Lukman Adeloyin     Yoruba     Babatunde Ajeigbe     Jimoh Lambe Abdulkareem     Kwara Liberation Group     Olabanji Orilonishe     Abdulsalam A. Yusuf     Ibrahim Oniye     Kwara Polytechnic     Madawaki     Mohammed Kamaludeen     Tsaragi/Share     Mohammed Yisa     Oke-Ode     Abdulwasiu Bolaji Adeyi     Joseph Yemi Ajayi     Olokoba     Michael Ologundea     Kunbi Titiloye     Yusuf Ibitokun Sherifat     Yusuf Aiyedun     Matthew Babaoye     Issa Baba     Balogun Ajikobi     Centre For Digital Economy     Ijagbo     Abdulmalik Bashir Mopelola Risikatullahi     Ibrahim Sulu Gambari     Oja-Oba     Ali Ahmad    

Cloud Tag: What's trending

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

Bello Oyedepo     CKNG     Shola Odetundun     Olateju Lukman     Musibau Akanji     Ayo Opadokun     Azeez Bello     Asa LGEA School     Dauda Adesola     Oju Ekun Sarumi     Saheed Alakoso     Diagnostic Centre     Ahmad Olanrewaju Belgore     National Union Of Road Transport Workers     Mumini Ishola Hanafi     Freshvine Nigeria Limited     Kayode Ogunlowo     Atiku     Ashiru     Shaykh Luqman Jimoh     Yusuf Abdulwahab     AbdulKareem Yusuf Danhawa     KW-GIS     Rotimi Atere     Abdulquawiy Olododo     Ekiti     Mamman Saba Jibril     Yusuf Zulu-Gambari     07039448763     Michael Nzwekwe     Abdullah Janet Amudat     Yusuf Amuda Aluko     Harafat E. Mukadam     Valsolar-Kwara Company Limited     Busari Alabi Alausa     Micheal Imodu-Ganmo Road     Oko-Olowo     TIC     College Of Arabic And Islamic Legal Studies     Maryam Ado Bayero     Ebun-Olu Adegboruwa     Sarah Jubril     Kazeem Gbolagade     Zulu Gambari     Aliyu Kora-Sabi     Kwara Restoration Project     IHS Towers     Habeeb Abdullahi Al-Ilory     A.O. Belgore     Bamidele Adegoke     Iyabo Adewuyi     Junior Secondary School Certificate Examinations     Shururat Olatinwo     Ilorin Muslim Community     Abubakar B.M     Vasolar-Kwara Company Ltd     Buhari     Tinubu Legacy Forum     Salman Suleiman     Abraham Ojo     Fatai Adeniyi Garba     Jamiu Oyawoye     Elerin Of Adanla Irese     Aso-ofi     Suleiman Abubakar     IF-K     Sarah Alade     Lawan     Bilikis Oladimeji     Toyin Abdullahi     Oba Abu     Ali Ahmad     Sunset Workers     Toyin Falola     Joshua Adeyemi Adimula     FERMA     Olaiya Victor Mobolaji