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.

Ibrahim Mohammed     Femi Gbajabiamila     Muritala Awodun     Aasiyat Bello Oyedepo     Kwarareports.com     Bayo Mohammed Onimode     Prince Mahe Abdulkadir     Jamiu Oyawoye     Abiodun Abdulkareem     Ilorin Likeminds Foundation     Oloriegbe     Adamu Ibrahim Sabi     Apaokagi     Maigida     Saad Omo\'ya     Ibrahim Taiwo Road     Alikinla     GANZY     Muslim Stakeholders Of Kwara State     Sa\'adu Salau     Dele Momodu     Musa Aibinu     Ahmed Ayinla Jimoh     AGF Abdulrazaq     Ibrahim Abikan     Michael Ologundea     Atiku     University Road     Abdulrazak Shehu Akorede     Cornelius Adebayo     Ajakaye     Mohammed Tunde-Jimoh     Jalala     Kunle Suleiman     Olatinwo     Sheikh Ridhwanullah El-ilory     Muhammadu Buhari     Grillo     Adam Abdullahi Al-Ilory     Femi Ogunsola     Aliyu Olatunji Ajanaku     Abdulwahab Olarewaju Issa     Isiaka Danmeromu     Oloye     Iyabo Adisa Ibiyeye     Babaloja-General     Saka Asiat Ayinke     Albert Ogunsola     National Party Of Nigeria     Ebola     Oloyede     Alapado     Kwara State Football Association     Onikijipa     Mubarak Oladosu     Abdullateef Abdussalam     Saad Omo Iya     Galadiman Ngeri     Saheed Popoola     Osinbajo     Police Commissioner     Sobi FM     Hakeem Idris     Asa LGEA School     Sa\'ad Alanamu     Tricycle Owners Association Of Nigeria     Convocation Ceremonies     Temitope Ogunbanke     Temi Kolawole     Olatunji Abdulmumeen     Dauda Adesola     Tunde Yusuf     Saka Onimago     Jaigbade Alao     Usman Yunusa     Joshua Adeyemi Adimula     Elerinjare    

Cloud Tag: What's trending

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

KSIRS     Ilorin Anchor Men And Women     AbdulRazaq Abubakar Jiddah     Abdulrazaq Magaji     Aisha Ahman-Pategi     Oniwa     Matthew Babaoye     Yusuf Abdulkadir     CELF     Onikijipa     Amoyo     Ayo Adeyemi     Radio Kwara     Fatima Abolore Jimoh     Kola Olota     Michael Ologundea     MAI Akande     Oke Sunna     Omu Aran     T And K FOODS     GANZY     Seed Technologies     Oluwole Dupe     Kaiama     Bayer Nigeria Limited     Kale Ayo     Afolabi-Oshatimehin     Ayinke Saka     Dauda Adesola     Nigeria Association Of Women Journalists     Oyelere Oyinloye     Sheriff Shagaya     Olaitan Adefila     Ilesha-Gwanara     Amuda Aluko     LAK Jimoh     Ilorin Water Reticulation     Opaleke Bukola Iyabo     Lithium     Wasiu Odewale     Sulyman Atolagbe Alege     Bello Oyebanji     Maimunat Oloriegbe     Oniwasi Agbaye     Femi Ogunsola     Henry Makinwa     Oko-Erin     Isiaka Yusuf     Owu Fall     Yusuf Mubarak     Femi Oladiji     Michael Nzwekwe     Mashood Dauda     Ahmed     Allocation     Igbomina     African Democratic Congress     Adamu B. Yaqubu     Forgo Battery Company Limited     Olatunji Bamgbola     Jeunkunu-Malete-Bani     Segun Adeniyi     Abdullahi Imam Abdullahi     Voices Of Tomorrow     Cornelius Adebayo     AIT Ilorin     Suleman Abubakar     Amuda Bembe     Muritala Olarewaju     Mary Arinde     John Dara     Ogidi-Oloje     Plat Technologies     Muritala Awodun     Abdulahi Abubakar Bata     Demola Banu     Funmilayo Mohammed