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.

Abdulkarim Adisa     Kolawole Bashirat     Quarry Royal Valley     Isaac Aderemi Kolawole     Kwara South     Olokoba     Dorcas Afeniforo     Niyi Osundare     Yomi Adeboye     Ijagbo     Saheed Popoola     IsDB     Bello Abubakar     Kwara State Coalition Of Business And Professional Associations     Vasolar     Dar-Al-Handasah Consultants Ltd     Ali Ahmad     Ilorin General Hospital     2023 Elections     Kwarareports     Ahmed Bolaji Nagode     Rueben Parejo     Elerinjare-Ibobo     Valsolar-Kwara Company Limited     Donatus Ejidike     Moses Adekanye     Abdulrazaq Sanni     Unicontinental Construction Company     David Adesina     Raliat Islamic Foundation     Umar Saro     Borgu     Omoniyi M. Ayinla     Oba Mogaji Abdulkadir     Irepodun     Universal Basic Education Commission     Oya State     Farouk Salim     Funmilayo Zubair     Government Girls’ Day Secondary School Pakata     Bursary     Kola Adesina     Abdulmutalib Shittu     Osi     Simeon Sule Ajibola     Femtech     Amuda Aluko     Olohungbebe     Musa Abdullahi     Ayo Adeyemi     Iponrin     Salmon Babatunde Salmon     ASUU     Ahmed Alhasssan     Yusuf Abdulkadir     Ishola Moses Abiodun     Michael Nzwekwe     Babatunde Ajeigbe     Dauda Adeniran Adeshola     Sherif Sagaya     Ajase-Ipo     Sa\'adu Gambari     Kishira     Shuaibu Yaman Abdullahi     Abdulwahab Ololele     Ilorin Talaka Parapo     Ile Arugbo     Moses Salami     Saka Balikis Kehinde     Kwara State Polytechnic     Principal Private Secretary     Oyin-Zubair     Special Adviser On Digital Innovation     Abdullahi Saadudeen Alikinla     Harmony Holdings     Olukotun Of Ikotun     Opolo Global Innovation Limited    

Cloud Tag: What's trending

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

TIIDELab     Frootify     Shehu Salau     CCEPE     Damilola Yusuf     Sheikh Alimi     April 11     Isiaq Khadeejah     RTEAN     Oloriegbe     Solomon Edoja     Rasheed Jimoh     CLAY POT     EndSARS     Oke-Ero     Saadu Alanamu     BECE     Unilorin FM     Col. Adedipe     Jawondo     Baba Issa Awoye     Kayode Issa     Olateju Lukman     Flights To Ilorin     Saadatu Modibbo-Kawu     General Hospital, Ilorin     Al-Adaby     Ibrahim Labaika     IF-K     Ilorin.Info     Idris Garba     Omoniyi Ayinla     Ayinde Oki     Olugbense     Zaratu Umar     Gbadeyan Gbadura Yomi     Saka Balikis Kehinde     Haliru Yahaya     Kassim Babamale     Young Progressives Party     Nnazua     Alapansapa     Abdulwahab Oba     Saliu Oluwole     Neo Mundo Ltd     AbdulHakeem Ajibola Akanbi     Yomi Adeboye     Olatomiwa Williams     Oniwa     Bukola Saraki     Just Law Forum     Gbenga Adebayo     Sa\'adatu Modibbo-Kawu     Omotoso Musa     Kwara United     Ejidongari     Oya State     TESCOM 2025     Local Government     Osi     Toyin Falola     Tayo Awodiji     Mufutau Gbadamosi Esuwoye     Olabode Towoju     Isiaka Saka Opobiyi     College Of Arabic And Islamic Legal Studies     Charles Ibitoye     Kwara NIPR     Suleiman Alege Kuranga     Aminat Omodara     Alloy Chukwuemeka     Kwara State Television (KWTV)     Oba Sulaiman Asude     Bello Abubakar     Quarry Royal Valley     Atiku Abubakar     Government House