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.

Chief Imam Of Lafiagi     Nigerian Correctional Service     Abubakar Baba Sulaiman     Amada Jidda     Aliyu Kora Sabi     Senior Special Assistant On Student Affairs     Quareeb Islamic Association     KW-GIS     Mujtabah Bature     Magaji Nda     Crystal Corner Shops     Ibrahim Mashood     Awodun     Aisha Abodunrin Ibrahim     Toyin Olayinka Tejidini     Adekunle David Dunmade     Medview Airlines     Kayode Laro     Muslim Cementary     BECE     Elerin Of Adanla Irese     Baba Adini Of Kwara State     Doyin Awoyale     Deji Ajani     KWASIEC     Public Holiday     Shehu Salau     MAI Akande     Arandun     Usman Rifun     Jimoh Lambe Abdulkareem     Oba Abdulkadir La\'aro     HAMFAT Clinic And Maternity     Mohammed Katsina Ahmed     Abubakar Suleiman     Senior Ibrahim Suleiman     Oniye     Ope Saraki     Mustapha Olanipekun     Garment Factory     Muhammadu Buhari     Bello Oyebanji     Bola Magaji     Bamikole Omishore     Muhammed Aliyu     Umar Saro     Abdulraheem Olesin     Yusuf Lawal     Babs Iwarere     Saka Balikis Kehinde     Federal Neuro-Psychiatric Hospital     Micheal Imodu-Ganmo Road     Kwara State Printing And Publishing Corporation     Kishira     Kwara Polytechnic     Ademola Kiyesola     Muhammadu Gobir     Labaeka     Kolawole Akande     Yusuf Babatunde Abdulwahab     Aremu Bose Deborah     Osuwa     Maimunat Oloriegbe     Folajimi Aleshinloye     Pakata Development Association     Kwara State Government     Bola Shagaya     National Union Of Road Transport Workers     Ahmad Lawan     Makama Of Kaiama     Yunus Lawal     NSCIA     Theophilus Oyebiyi     Idowu Laro     Mansur Alfanla     Onilorin     Maryam Nurudeen    

Cloud Tag: What's trending

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

KWATMA     Abikan     Abdulrazaq Solihudeen     Nigerian Correctional Service     Kamaldeen Ajibade     Umar Gunu     Esinniobiwa Quareeb     Ibrahim Taiwo Road     Jawondo     Oke-Kura     Adaramaja     Alaro     Ilorin South     College Of Education     Jaiz Bank     Kayode Oyin Zubair     Isaac Gbenle     Mohammed Katsina Ahmed     Fatai Olodo     Just Event Online     Omu Aran     Government High School Adeta     Dan Iya Of Ilorin     Segun Abifarin     Moremi High School     Computer Based Test     AbdulRauf Keji     Gani Saadu     Abdulrahman Abdulrazaq     Ilorin East/South Federal Constituency     AGILE Programme     Mufti Of Ilorin     Lateef Fagbemi     Sa\'ad Alanamu     Oladimeji Thompson     Salaudeen Oyewale     Abdulhakeem Amao     Oniwasi Agbaye     Volunteers Of Ilorin Community And The Emirate     Usman Rifun     Emir Of Lafiagi     Ado Ibrahim     Abdullahi AbdulMajeed     Okeose Christian Cementary     Oloriegbe     Kudirat Arinola Lawal     Abdulkadir Orire     Magaji Erubu     Ilorin Emirate Stakeholders Forum     Hamid Bobboyi     Abdulrasheed Lafia     Hydroelectric Power Producing Areas Development Commission     Salihu S. Yaru     Nigeria Governors\' Forum     Muritala Olarewaju     March 18     April 11     Rice Farmers Association Of Nigeria     Kwara 2023     Idiagbon     Ajibola Ademola Julius     Alore     Muyideen Ajani Bello     Saad Belgore     Ariyo     Abdullah Janet Amudat     Alloy Chukwuemeka     Ilorin Airport     Garment Factory     Oloje     Abatemi Usman     Kanu Agabi     Tunji Olawuyi     Aisha Ahman-Pategi     Aliyu Alhassan     Sobi     Sarkin Malamai