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.

Just Event Online     Oba Sulaiman Asude     08001000100     Talaka Parapo     Abdulfatai Ahmed     Kwara NIPR     Sheikh Ridhwanullah El-ilory     Michael Nzekwe     Awoye     KwaraLearn     Abdullahi Adisa Akodudu     Kwara State Council Of Chiefs     Oyedepo     Babs Iwarere     Ileloke     Code Of Conduct Bureau     Bayo Onimago     Mahe Abdulkadir     Emir Of Kano     Omar Gambari     Valsolar Consortium     Kawu     Ahmad Olayiwola Kamaldeen     Innocent Okoye     Kale Kawu     Aliyu Olatunji Ajanaku     Kayode Ishola     Sabitiyu Grillo     Kwara State Football Association     Shonga Farm Project     Amina Susa\'a De Ahmed     REO CAKES     Yahaya Seriki Gambari     UITH     Abdulrosheed Okiki     Kuliyan Geri     Falokun-Oja     Read With Me     Umar Danladi Shero     Sai Kayi     Bolakale Saka     M.Y. Abdulrahaman     Omotoso Musa     Senate President     Tunde Mukaila Mustapha     Razak Atunwa     Clement Yomi Adeboye     Abubakar Baba Sulaiman     Bahago     Salaudeen Oyewale     Yunus Oniboki     Sheikh Alimi     NTA Ilorin     Jamila Bio Ibrahim     Bolaji Nagode     Ramadan     ENetSuD     Moshood Bakare     Jawondo     Muhammad Fawaz Abubakar     Oluwarotimi Boluwatife Adenike     Timothy Akangbe     Erubu     Abdulmumini Sanni Jawondo     Raymond Olaitan     Saba Mamman Daniel     Yomi Adeboye     Yemi Osinbajo     Kwara South     Muhammad Toyin Sanusi     Ahman Pategi University     Oro Grammar School     Ilorin Innovation Hub     John Olobayo     Olateju Lukman     Henry Olaosebikan     Musa Yeketi    

Cloud Tag: What's trending

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

Yakub Lai Gobir     Yusuf Aiyedun     Ibrahim Mashood     Fatai Garuba Labaka     CELF     Alumni Association Of The Federal Polytechnic Offa     Hakeem Idris     Baboko     Aliyu Muhammad Saifudeen     Abdulrahman Abdulrasaq     Ibrahim Abdullahi     Volunteers Of Ilorin Community And The Emirate     EndSARS     Khadijat Ayoola Yusuf     Gbemi Saraki     Bluenile Associates     SUBEB     Kwara Basketball Association     New Naira Notes     Lotus Bank     Omotoso     Sayomi     The Herald     Overland     Joana Nnazua Kolo     Kwara Poly     Yahaya Seriki     Mohammed Jimoh Faworaja     Isau     Umar Ahmed Gunu     Tanke Flyover Bridge     Issa Memunat Moyosore     Salman Jawondo     Mogaji Aare     Kupchi Hosea Maxwell     Dele Momodu     Ajibola Saliu Ajia     CLAY POT     Ibrahim Abikan     Abdullahi Atanda     Kazeem Adekanye     NULGE     Ajidagba     Maryam Ado Bayero     Mohammed Katsina Ahmed     Hamid Bobboyi     KWASEIC     Iyeru Grammar School     Danhawa     Balogun Ajikobi     JAAC     SARS     Mohammed Saidu     Saliu Ajia     Kwara Teaching Service Commission     Abdulfatai Baakini     Muhammed Abdullahi     Abubakar B.M     Kwabes     National Broadcasting Commission     AIT Ilorin     Akume     Gbenga Adebayo     Kwara-SAPZ Project     Yusuf Ibitokun Sherifat     GGDSS Pakata     Saheed Popoola     Issa Baba     Yusuf Amuda Gobir     Maigida     Kwara State Television     Tafidan Kaiama     Esinrogunjo     Abatemi-Usman     AbdulQowiy Olododo     Harafat E. Mukadam     Tunji Ajanaku