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.

Ayo Opadokun     Oni Adebayo     Kwara     Hydro-electric Power Producing Areas Development Commission     Bayo Lawal     Awili Pedro     Plat Technologies Limited     Gbemisola Saraki     Kwara State Fire Service     Osuwa     Diagnostic Centre     Olusin Of Ijara Isin     Saka Aleshinloye     James Kolo     Nigerian Army     Yashikira     IPSAS     Shagari     Iyeru Grammar School     Yetunde Balogun     Col. Taiwo     Eleja     LEAH Charity Foundation     Timothy Olatunde Fadipe     Jebba     Ilorin Muslim Community     Sunday Popo-Ola     SWAN     Azeez Bello     Toun Okewale-Sonaiya     Ahmed Bayero     Iqra Books     Habeeb Abdullahi Al-Ilory     Yusuf Ibitokun Sherifat     Kayode Zubair     Ibrahim Abikan     Ilorin General Hospital     John Kehinde Salako     Saadu Alanamu     EndSARS     Kwara University Of Education     Ajasse-Ipo     Kunle Akogun     Neo Mundo Ltd     Rachael Obisesan     Mohammed Danjuma     Alfa Modibo Belgore     Salman Alada     Sheikh Ariyibi     Aisha Buhari     Adebara     Razaq Atunwa     Busari Toyin Isiaka     Simeon Sule Ajibola     Oro Grammar School Old Students Association     Government High School (GHS), Adeta     Ibrahim Jawondo     Ali Ahmad     United Nigeria Congress Party     Bello Taoheed Abubakar     Abdulmajeed Wahab     Ayo Salami     Lithium Deposit     MINILS     Abiodun Oyedepo     Bola Tinubu     Valsolar Consortium     Muhammed Taofeeq Abdulrazaq     Royal FM     Sidikat Uthman Ajibola     Assayomo     Ogbondoroko     Salman Suleiman     Ibraheem Adeola Katibi     Monkey Pox     Cornelius Adebayo     Amina El-Imam    

Cloud Tag: What's trending

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

Ilorin Emirate Staff Association     Kudirat Arinola Lawal     Victor Gbenga Yusuf     Orisun Igbomina     Saheed Akinwumi     Kupchi Hosea Maxwell     Tope Daramola     Saka Balikis Kehinde     ITP     Oni Adebayo     Umar Ahmed Gunu     Jide Ashonibare     Kolade Solagberu     Christopher Odetunde     Agboola Babatunde     Adesina Simon Sodiya     Just Event Online     Abubakar Atiku     Lawal Olohungbebe     Tunji Oyawoye     Mohammed Halidu     Hassanat Bello     Usman Yunusa     Belgore     Gbemisola Saraki     Baba Isale     Kwara State Government     Amuda Musbau     Omotosho     Abdulkarim Adisa     Charcoal     Fulani     Isiaka Saka Opobiyi     Abdulkadir Remi Hawawu     Ezekiel Yissa Benjamin     Suleiman Abubakar     Yekeen Alabi     Kolawole Akande     Moses Rahman Popoola     Yakubu Danladi     Otuka     Ajakaye     Umaru Saro     Saheed Alakoso     AbdulQowiy Olododo     Bolakale Ayo     Sidikat Alaya     Zara Umar     Isiaq Khadeejah     Yahaya Muhammad     Fatimat Saliu     ITEM 7     Afolabi-Oshatimehin     Oke-Kura     Jani Ibrahim     Onilorin     Medview Airlines     Elerin Of Adanla     Mustapha Olanipekun     Chief Of Staff     Student Learning Support Helpline     Sulu Babaita Isiaka     Balogun Gambari     Mohammed Lawal     Oyelere Oyinloye     COVID-19 Palliatives     Shettima     Kola Bukoye     Muhammad-Mustapha Suleiman     Firdaos Amasa     ARMTI     Monsurat Omotosho     Segun Adeniyi     Mohammed Danjuma     Kunle Akogun     Egbejila     Kunle Okeowo