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.

Musbau A. Akanji     Abdulhakeem Amao     NURTW     Kannike     Babaita     Sa\'adu Gambari     Kwarareports.com     Kwara Restoration Project     Razak Atunwa     Yusuf Ali     Magaji Erubu     Ahman Pategi University     Basic Education Certificate Examination     Opaleke Bukola Iyabo     Amasa     Press Release     Adam Abdullahi Al-Ilory     Olusegun Adeniyi     Abubakar Baba Sulaiman     Muhammed Akanbi     Aishat Mohammed Lawal     Bola Shagaya     Bolakale Ayo     Ilorin.Info     Yakubu Mohammed Abdullahi     Suleiman Alege Kuranga     Titus Ashaolu     Bilikisu Gambari     Baboko     Oniwasi Agbaye     Post Utme     Mohammed Halidu     Saheed Alakoso     Mohammed Tunde-Jimoh     Ilorin Anchor Men And Women     Ramat Oganija     Ibrahim Jawondo     Logun     Seun Bolaji     Usman Yunusa     Bio Ibrahim     PPS     Muhammad Fawaz Abubakar     Sabi     Lukman Adeloyin     Undergraduate Bursary     Bola Sagaya     Dar-Al-Handasah Consultants     Oyun     Abubakar Usman Jos     Azeez Salawu     Tunji Ajanaku     Jamila Bio Ibrahim     Adeniyi Ojo     Donatus Ejidike     Yusuf Lanre Badmas     Abdulkadri Ahmad Alaiye     Col. Adedipe     Yomi Adeboye     Rafiu Ibrahim     Onilorin     Jide Oyinloye     Elerin Of Adanla     Saka Adeyemo     Erin-ile     Muslimah Entrepreneurship Forum     Samuel Adedoyin     Sarah Jubril     Shettima Of Ilorin     Kwara Pdp     Siraj Oyewale     Minimum Wage     Ahmed Ayinla Jimoh     Hydro-electric Power Producing Areas Development Commission     Abdulmajeed Abdullahi     Kola Ologbondiyan     Afusat Nike Ibrahim    

Cloud Tag: What's trending

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

Yusuf Babatunde Abdulwahab     Haleeman Salman     KW-GIS     Idris Amosa Saidu     Olateju Lukman     Akanji     Hijab     Kwara Apc     Toun Okewale-Sonaiya     Press Release     Veterinary Teaching Hospital     Aliyu U. Tilde     Ajike People Support Centre     Yusuf Abdulwahab     Joseph Offorjama     Kamoru Kadiri     Adamu Attah     Abdulrazaq Adebayo     Mamatu Abdullahi     Rotimi Oyedepo     Ilorin International Airport     Bello Taoheed Abubakar     Joseph Alex Offorjama     Maja     Aso Ofi     Basic Education Certificate Examination     Oyedun Juliana Funke     Convocation Ceremonies     Abdulazeez Arowona     Abdulrahman Abdulrasak     Bareke     Obayomi Azeez     Rafiu Ajakaye     National Information Technology Development Agency     Abdulmumin Yinka Ajia     Ayinke Saka     Monthly Sanitation     Jumoke Gafar     Oke-Odo     Bilikisu Gambari     Daud Adeshola     Fatimoh Lawal     Balikis Jawondo     Saeedat Aliyu     Suleiman Ajadi     Abdulquawiy Olododo     Kwarareports     Yusuf AbdulRasheed     Kwara State Sports Commission     Kishira     Dele Belgore     Abdulganiyu AbdulAzeez     Tescom.kwarastate.gov.ng     Dunmade     Yahya Mohammed     COVID     Is\'haq Modibbo Kawu     Oasis Muslim Care Foundation     Wahab Femi Agbaje     Olaiya Victor Mobolaji     Omoniyi M. Ayinla     Shoprite     Salman Suleiman     Olatomiwa Williams     John Obuh     Old Oyo     Saba Jibril     Kwara State Government     MalHub     Isiaka Abdulrazak     Roseline Oni Aremu     Mutawali     Oba Mogaji Abdulkadir     Isiaka Yusuf     Abdullateef Abdussalam     Abdullahi AbdulMajeed     SAPZ Project