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.

Surajudeen Akanbi     RTEAN     Wole Oke     John Kehinde Salako     Jalala     Bureau Of Lands     Idowu Laro     Ileloke     Ramadhan     Mashood Dauda     Shuaib Jawondo     Ibrahim Oniye     Titus Suberu-Ajibola     Abdulsalam Firdaous Amosa     Olomu     Bature Bello     Oke-opin     Olatomiwa Williams     Mogaji Aare     Arik     Monsurat Omotosho     Abdulbaqi Jimoh     Toyin Falola     Hakeem Idris     Elewu     Toyosi Thomas     Rapheal Ashaolu     CCT     Segun Ogunsola     Ilorin Airport     Ayo Adeyemi     Sardauna Of Ilorin     Quareeb Islamic Association     Khairat Gwadabe     Michael Nzekwe     Aliyu Kora Sabi     Elesie Of Esie     Kwarareports     Playing Host     Ilorin West     Damilola Yusuf Adelodun     Oyun     Kwarareports.com     Bisi Oyeleke     Col. Adedipe     Mutawalle     Nnazua     BIR     Lawyers Unite Against Corruption     Pacify Labs     Hamidat Sulyman-Yusuf     Zulkifli Ibraheem     COEASU     Okin High School     Sulu Babaita Isiaka     Overland     CACOVID Palliatives     Oba Abdulraheem     Olayinka Are     Gaa Olobi     Femi Ogunsola     Akeem Olatunji     Kwara Politics     Saka Onimago     Musa Yeketi     Yusuf Ali     Akeem Lawal     Saliu Mustapha     Photo News     Florence Saraki     Adanla-Irese     Gbemisola Oguntimehin     Boko Haram     Kayode Zubair     Wahab Kunle Shittu     Bluenile Associates     Ballah    

Cloud Tag: What's trending

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

Kwara Hotel     NSCIA     Isapa     Busari Alabi Alausa     Taiwo Joseph     Sodiya     Balogin Alanamu     Umar Ahmed Gunu     CBT     Alao Ayotunde     Abdul Jimoh Mohammed     Yetunde Balogun     Kwara TV     Third Estate     Lola Olabayo     Unilorin FM     Yomi Ogunsola     Niyi Osundare     Seun Bolaji     Idi-Ape     Shettima Of Ilorin     Ibrahim Akaje     Muhammed Aliyu     Arinola Lawal     Shade Omoniyi     Amosa     Women For Change And Development Initiative     Okala Baba     Matthew Okedare     Face Masks     Ekiti     Yahaya A Paniyaro     Zulu Gambari     Popo-Igbonna     Veterinary Teaching Hospital     Logun     Surajudeen Akanbi     Olupako     Oluronke Adeyemi     Joana Nnazua Kolo     Sai Kayi     Femi Gbajabiamila     Mohammed Ghali Alaaya     Ghali Muhammed     Laboratory-to-Product     Ahmad Ali     Sarah Alade     Kawu Baraje     Curfew     Col. Taiwo     Oba Abu     Isiaka Gold     Kola Adesina     Harmony Holdings     Magaji Erubu     Doyin Group     Sheikh Ariyibi     Ajasse-Ipo     Olaoye B. Felix     Moses Afolayan     Abdulkadir Bolakale Sakariyah     Federal Road Maintenance Agency     NULGE     Rice Farmers Association Of Nigeria     Christopher Ayeni     Ojuekun     Saadu Alanamu     Bluenile Associates     TIIDELab     Ahmed Ayinla Jimoh     Oba Abdulrahim     Akume     Shonga Farm Project     Ibraheem Abdullateef     Bayer AG     Lukman Oyebanji Fagbemi     Ilorin Muslim Community