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.

Sa\'adu Salau     Mujtabah Bature     Patience Jonathan     Wahab Abayawo     Ramadan     Ejidongari     Convocation Ceremonies     Bashir Adigun     Abdullahi Adisa Akodudu     Amuda Musbau     Muhammad Yahya     Kaiama     Bolakale Ayo     Taofeek Sanusi     Aminat Omodara     Saba Jibril     Tescom.kwarastate.gov.ng     Osi     Eruku     Folaranmi Aro     Opobiyi     Olabode George Towoju     Harrison Osauwagboe     Shuaibu Yaman     Durosinlohun Kawu     Saliu Tunde Bello     Code Of Conduct Tribunal     Crystal Corner Shops     School Of Nursing     Mufti Of Ilorin     Idi-Ape     Victor Gbenga Yusuf     Mamatu Abdullahi     Bankole Omishore     Offa     David Oyedepo     Olusola Saraki     Lanre Issa Onilu     Sa\'adu Gambari     Igosun     Haashim Initiative For Community Advancement     Pakata Patriots     Najim Yaasin     Yahya Mohammed     KWASSIP     Solomon Edojah     Sobi FM     Centre For Digital Economy     Adam Abdullahi Al-Ilory     Shola Odetundun     Aishat Mohammed Lawal     Okeose Christian Cementary     BIR     TESCOM 2025     Lanre Aremu     Olupako Of Share     Okin Biscuits     Usman Alkali Baba     Tafida Of Ilorin     Peter Amogbonjaye     Dan Iya     Ilesha-Baruba     Muyiwa Oladipo Kanu     Durbar     Chief Imam Of Lafiagi     Bola Tinubu     Buhari     Aisha Buhari     Amos Bajeh     Junior Secondary School Certificate Examinations     Bibire Ajape     Rebecca Olanrewaju     Balogun Gambari     Ibrahim Oloriegbe     Akanbi-Oke     Bluenile Associates     Abdulwahab Oba    

Cloud Tag: What's trending

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

Ladi Hassan     Sabo-Oke     Musbau A. Akanji     Ibrahim Issa Jetti     Saliu Tunde Bello     Edret Sabi Abel     Kayode Bankole     Colleges Of Education Academic Staff Union     Isiaq Khadeejah     Trader Moni     Ramat Oganija     Ajayi Okasanmi     Sulu Gambari     Falokun-Oja     Azeez Salawu     Kwara Consultative Forum     Economic And Financial Crimes Commission     Ibrahim Mashood     Lithium Deposit     Yusuf Ibitokun Sherifat     Ahmad Belgore     Musa Abdullahi     Ronke Adeyemi     Kwara State Governor     Oladipo Akanmu Tolani     Abubakar Imam     Sobi     Kwara State Sports Commission     NNPP     Omotosho     Muritala Olarewaju     AGILE Programme     Okin Biscuit     Hakeem Lawal     Ojo Fadumila     AbdulQowiy Olododo     Sunday Popo-Ola     Rice Farmers Association Of Nigeria     Pategi     Ayo Opadokun     Lawal Olohungbebe     Oloye     Olomu Of Omu-Aran     Hameed Oladipupo Ali     Amina Susa\'a De Ahmed     Alabere     Kale Bayero     Khairat Gwadabe     Aminat Ahmed     Kunle Suleiman     Yusuf Zulu-Gambari     Ilorin Emirate Stakeholders Forum     Sanitation Exercise     Babatunde Ishola Babaita     Ibraheem Adeola Katibi     Dan-Kazeem     Akume     Mahmud Ayinla Giwa     Gbugbu     Hassan Taiye Salam     Sambo Murtala     Hakeem Idris     Iyabo Dupe Adekeye     Kanu Agabi     Damilola Yusuf     PharmAccess Foundation     New Nigeria People’s Party     Femi Gbajabiamila     Amoyo     Kayode Alabi     Abubakar Lah     Kwara Primary Health Care Development Agency     Shehu Alimi Foundation     Mahee Abdulkadir     Bello Taoheed Abubakar     Aliyu Muhammad Saifudeen     Oyedepo