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.

EFCC     Muhammad-Mustapha Suleiman     Ajakaye     Aisha Buhari     Oyeyemi Olasumbo Florence     Laolu Saraki     Elesie Of Esie     Kwabes     Ilorin Anchor Men And Women     Kannike     Abikan     Abdulrazaq Sanni     Awoye     Aso Ofi     Oba Abdulrahim     Bayo Ajia     Senior Ibrahim Suleiman     Rebecca Bake     ER-KANG Mining     Www.Kwarareports.com     Taiwo Joseph     Damilola Yusuf     Gbenga Olawepo     Alliance For Democracy     Erin-ile     Elekoyangan     Sheikh Ridhwanullah     Shonga Farm Project     Peter Obi     Centre For Peace And Strategic Studies     Asiwaju Bola Tinubu     Rapheal Ashaolu     Yeketi     COVID-19 Palliatives     Mopelola Abdulmaliq-Bashir     Ganmo Power Sub-Station     Saadu Gbogbo Iwe     Babatunde Ishola Babaita     Valsolar     Ajayi Okasanmi     Mazars Consulting     Abdulmalik Bashir Mopelola Risikatullahi     Hassanat Bello     Irepodun     Yakubu Gobir     Ibrahim Abdullahi     Nigeria Customs Service     Al-Ilory     Apaola     SDP     Muslim Media Watch Group Of Nigeria     Saduki Lafiagi     Lanre Aremu     John Obuh     YAKOOYO     Adaramaja     Ramat Oganija     Ilorin Central Mosque     State Bureau Of Internal Revenue     Sola Saraki Educational Foundation     Lawal Arinola Kudirat     Quarry Royal Valley     Ayegbeni     Dairo Kunle Paul     Adesoye     Abdulwahab Oba     Idi-Ape     Yahaya A Paniyaro     Kunbi Titiloye     MMWG     Awili Pedro     Owu Fall     Suleman Abubakar     Aminat Omodara     Radio SBS     Abdulrahman Abdullahi Kayode     Odogun Olushola Gabriel    

Cloud Tag: What's trending

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

Clement Yomi Adeboye     Odolaye Aremu     Unicontinental Construction Company     AbdulKareem Yusuf Danhawa     Medinat Folorunsho Salman     Sardauna Of Ilorin     11th Galadima     PPS     Abdulkareem Alabi     SWAN     V.O. Abioye     Oloyede     Abdulquawiy Olododo     Laduba     Islamic Development Bank     Abiodun Abdulkareem     Alao Ayotunde     Federal Polytechnic Offa     Kisra     Lawyers Unite Against Corruption     Dairo Kunle Paul     Government High School (GHS), Adeta     Rice Farmers Association Of Nigeria     Rex Olawoye     NYSC     Kwara Muslim Pilgrims Welfare Board     Donatus Ejidike     Idris Garuba     NaAllah     Galland Marcias     Kwara United     Tafida Of Ilorin     Ilorin Emirate Staff Association     Clara Nwachukwu     C2c@kwarastate.gov.ng     Abraysports FC     Baakini     Abdulrazaq Sanni     Quareeb     KWATMA     Baba Adini Of Kwara State     Sidikat Uthman Ajibola     Mohammed Saidu     Baba-Isale     Amina El-Imam     Michael Nzekwe     Aminu Adisa Logun     Diagnostic Centre     Shonga Farm Project     Maryam Ado Bayero     Rashidi Yekini     Omoniyi M. Ayinla     Pakata Development Association     Ladi Hassan     Yemi Osinbajo     Abubakar Imam     Oluwatoyin Lukman     Peter Amogbonjaye     Magaji Are     Abdulmajeed Wahab     Anilelerin     Oke-Ode     Nigerian Supreme Council For Islamic Affairs     Olaiya Lawal     IESA     Gafaru Olayiwola Olorisade     Kwarareports     Isau     Presidential Election     Modibo Kawu     Orisun Igbomina     Abdulrazaq Solihudeen     Ojo Fadumila     Najim Yaasin     Senior Staff Union Of Colleges Of Education     Abdulraheem Olesin     ARMTI