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.

Adeniyi Ojo     Apaokagi     Muhammad Akande Olarewaju Odunade     YAKOOYO     High Court     Umar Adelodun     Adaramaja     Abdulazeez Arowona     Matthew Okedare     Idris Garba     Nnazua     Afonja     Crystal Corner Shops     Afusat Nike Ibrahim     Cornelius Fawenu     Bolakale Ayo     Woro     Usman Yunusa     Saad Omo\'ya     Students Union Government     Kale Bayero     IHS Towers     Olayinka Olaogun     Kubra Kazum     Aliyu Olatunji Ajanaku     Guber Aspirant     Muhammed Mahe Abdulkadir     Umar Ayinla Saro     Ariyo     Ibrahim Abikan     Sheikh Hamzat Yusuf Ariyibi     Mohammed Halidu     Shaykh Luqman Jimoh     Haliru Yahaya     Orisa Bridge     Ubandawaki     Valsolar Consortium     Awoye     Olatunji Moronfoye     Ramadan     Fawenu     Olatunji Bamgbola     Arca Santa     Abdulrazaq Akorede     Khadijat Ayoola Yusuf     Turaki Of Ilorin     Muhammadu Buhari     Abubakar Abdulraheem     George Innih     Okasanmi Ajayi     Olusegun Adeniyi     Ibrahim Bio     Kwha.gov.ng     Shuaib Abdulkadir     UNILORIN Alumni     Femi Gbajabiamila     Erubu Oba Zubair     Olatunji Ibrahim     Olokoba Sulyman     Saliu Oluwole     Ayinde Oyepitan     Yemi Osinbajo     Garba Ado Sanni     Kwara North     Mohammed Katsina Ahmed     ENetSuD     Abdulkarim Adisa     Tricycle Owners Association Of Nigeria     Muhammad Sirajo Aliyu     Timothy Akangbe     Busari Alabi Alausa     Sulu Gambari     SSA Youth     Mahe Abdulkadir     IYA YUSUF     Ayoade Akinnibosun     Ahmad Olayiwola Kamaldeen    

Cloud Tag: What's trending

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

Seed Technologies     Fatimat Saliu     Bello Oyedepo     Peculiar Allowance     Ibrahim Issa Jetti     HAMFAT Clinic And Maternity     Shettima Of Ilorin     Erubu Oba Zubair     James Kolo     Facebook     Ohoro Of Shao     Ayoade Akinnibosun     Abubakar Ndakene     Ridwan Agboola     Lai Gobir     Maja     Kwara Consultative Forum     Mahee Abdulkadir     Quranic Recitation Competition     Amasa     Senior Staff Union Of Colleges Of Education     Alaaya     Mike Omotosho     Kayode Zubair     Ilorin Curfew     Halidu Danbaba     Fatima Abolore Jimoh     Kale Kawu     Kwara Liberation Group     Alfa Modibbo Belgore     CACOVID Palliatives     Baruba     Magaji Are     Riskat Opakunle     Allocation     KW-GIS     Bayo Mohammed Onimode     Kazeem Oladepo     Abubakar Baba Sulaiman     Igbomina     Ishola Balogun Fulani     Rueben Parejo     Bello Oyebanji     T And K FOODS     General Tunde Idiagbon International Airport     Ishaq Abdulkarim     Alapansapa     Baruten     2017 Budget     Lucky Omoluwa     Olateju Lukman     Sango-UITH Road     Grillo     Jare Olatundun     Gaa Olobi     Daud Adeshola     Donatus Ejidike     Babatunde Ajeigbe     Abdullahi Imam Abdullahi     Ilorin Like-Minds     Oya State     Javed Khan     Muslim Cementary     Khadijat Ayoola Yusuf     Moshood Mustapha     Olota Of Odo-Owa     Oba Abdulrahim     Crystal Corner Shops     Ilorin Metro Park     Aisha Buhari     Oro Grammar School Old Students Association     NaAllah     Umar Saro     Aliyu U. Tilde     AbdulFatai Adeniyi Dan-Kazeem     Aisha Gobir     Sun Qing Rong