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.

NaAllah     Kubra Kazum     Lanre Issa Onilu     Abdulkadir Bolakale Sakariyah     Ibraheem Adeola Katibi     State Bureau Of Internal Revenue     Moshood Kashimawo Abiola     Ethical College     KWSIEC     Yahaya Oloriegbe     Sola Saraki Educational Foundation     Khadijat Ayoola Yusuf     Osuwa     Lawal Jimoh     Playing Host     PAACO-PCL Consortium     Kwara TV     Sarafadeen Kayode Akorede     Share-Tsaragi     Smart School     IYA YUSUF     National Broadcasting Commission     Kunbi Titiloye     Sheikh Ridhwanullah     Code Of Conduct Bureau     Suleiman Abubakar     Ibrahim Abdulkadir Abikan     Ahmad Lawan     Ramadan     Yoonus Lawal     Oluranti Idowu     Peculiar Allowance     Post-utme     Salihu S. Yaru     Iqra Books     Quranic Recitation Competition     Mufti Of Ilorin     Adijat Adebiyi     Zainab Abass     Hussein Oloyede     Fatai Olodo     Abubakar B.M     Oko-Erin     Raheem Adaramaja     Rafiu Ajakaye     Adedayo Yusuf Abdulkareem     Eghe Igbinehi     Shuaibu Yaman     Ubandoma     Abdulrasheed Akogun     Olatunji Moronfoye     Yusuf Babatunde Abdulwahab     Kunle Okeowo     Niyi Ogundiran     IsDB     Baakini     College Of Education     David Oyedepo     Bola Ahmed Tinubu     Quareeb     AGILE Programme     Sa\'adu Salau     Esinrogunjo     Eruku     Harafat E. Mukadam     Kayode Issa     Ayinke Saka     Harrison Osauwagboe     Coalition Of Kwara North Groups     Kwara State Government     National Democratic Congress     Oye Tinuoye     Oyawoye     MAI Akande     Yahya Mohammed     QuickWin     Musbau A. Akanji    

Cloud Tag: What's trending

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

Oya State     Iponrin     Ilorin South Constituency     A.O. Belgore     Ridwan Agboola     Busari Alabi Alausa     Kunle Akogun     Kaiama     Hameed Oladipupo Ali     Ndakene     Musa Ayinla Yeketi     Oke-Ero     Babata     Na\'Allah     MMWG     Kanu Agabi     Deji Ajani     LEAH Charity Foundation     Wahab Abayawo     Arinola Fatimoh Lawal     Barakat Community Secondary School     Mufti Of Ilorin     Dar-Al-Handasah Consultants Ltd     Yoonus Kola Olatinwo     Agboola Abdulraheem     Modibo Kawu     Unilorin FM     Adeleke Ogungbe     Muhammed Akanbi     Umar Danladi Shero     Muhammed Taofeeq Abdulrazaq     Nigeria Computer Society     Abdullahi Atanda     Ajakaye     Al-Hikmah Radio     Kulende     Justina Oha     Abdulhakeem Adelaja Amao     Jide Ashonibare     Danladi     AbdulKareem Yusuf Danhawa     Gobir Organization Foundation     Babaita     Awwal Jawondo     NYSC     Olomu Of Omu-Aran     Jimoh Olusola Imam     Sunday Fagbemi     Ilesha-Gwanara     Kwara State Government     Kwara Apc     Magaji Nda     Ayegbeni     Mukhtar Shagaya     Muhammad Ghali Alaaya     Aliyu U. Tilde     Mustapha AbdulGaniyu     Aliyu Adebayo     Mohammed Abduraheem     Yahya Mohammed     UNILORIN Alumni     National Broadcasting Commission     National Democratic Congress     Yusuf AbdulRasheed     Jamiu Oyawoye     Shuaib Jawondo     Towobola Abdulrahman Toyin     Shehu Alimi Foundation     Abdulmajeed Wahab     Sobi Hill     Chartered Institute Of Personnel Management Of Nigeria     Ola Falade     Tinubu Legacy Forum     Lateef Ademola Olatunji     Abiodun Abdulkareem     Kwara Restoration Project     Rasaq Jimoh