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.

Bashir Badawi     National Union Of Road Transport Workers     Senior Staff Union Of Colleges Of Education     Mope Dasuki Belgore     Nigerian Army     Yusuf Zulu-Gambari     MalHub     Olatunde Oyeyiola     Sheikh Alimi     Ayobola Ipinlaiye     April 11     March 18     Abdulraufu Mustapha     Aiyedun     Veterinary Teaching Hospital     Omupo     Kwara State Internal Revenue Service     Kwabes     Ibrahim Oniye     Charles Ibitoye     Musa Aibinu     Muhammed Taofeeq Abdulrazaq     Bola Iyabo Ibiyeye Adisa     Olokoba Sulyman     Ajeigbe     Orire     Code Of Conduct Bureau     Elekoyangan     Kwara State Geographic Information Service     Hausa     Garba Ado Sanni     Saadatu Modibbo-Kawu     Sulyman Atolagbe Alege     Yaman     Na\'Allah     Junior Secondary School Certificate Examinations     Oke-Oyi     Pakata Development Association     Saheed Akinwumi     Aro Yahaya     Abdulfatai Baakini     Nagode     Ibrahim Labaika     Kwara Primary Health Care Development Agency     Summit University     Federal Neuro-Psychiatric Hospital     Harafat E. Mukadam     Marufat Oladosu     Saadu Alanamu     Labour Party     Odo-Owa     Old Oyo     Makama Of Kaiama     Alapado     NIRSAL     Toyin Saraki     George Innih     Neuropsychiatric Hospital     Oba Abdulraheem     All Confederation Of Principals Of Secondary Schools     Logun     Joseph Bamigboye     Budo Egba     Bilikisu Gambari     Musibau Akanji     Oasis Muslim Care Foundation     Elerinjare     Kwara Hotel     Jebba     Y.A. Abdulkareem     Ibikunle Ogunleye     Police Commissioner     Abdulhakeem Adelaja Amao     Adedipe     Kwara Poly     Yemi Osinbajo     Goodluck Jonathan    

Cloud Tag: What's trending

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

Olabimpe Olani     Raji AbdulRasaq     Abubakar Imam     Abdulganiyu AbdulAzeez     Hassan A. Saliu     Sam Okaula     Susan Modupe Oluwole     Sarafadeen Kayode Akorede     Yusuf Abdulkadir     Centre For Community Empowerment And Poverty Eradication     Ayinke Saka     Alabi Lawal     CACOVID     Shaaba Lafiagi     Kubra Kazum     UNIFEMGA     HAMFAT Clinic And Maternity     Sa\'adu Gambari     Marufat Oladosu     3MTT     Ijagbo Health Centre     Abiodun Musa Aibinu     New Nigeria People’s Party     Kwara State Pension Board     Adamu Attah     Sabi     Salihu Alhaji Musa     Dumagi     Okedare     Alapado     Folashade Omoniyi     Yusuf Zulu-Gambari     Joseph Bamigboye     Kehinde Baale     Sulyman Buhari     Tunde Oyawoye     Temitope Ogunbanke     Dan Iya Of Ilorin     Umar Sanda Yusuf     Yusuf Aiyedun     Kanu Agabi     AbdulGafar Tosho     Niyi Osundare     Musa Ayinla Yeketi     Jumoke Monsura Gafar     Akom Construction And Engineering Synergy Ltd     Umar Gunu     IHS     Ayobola Ipinlaiye     African Democratic Congress     Boko Haram     Abdulrahman Abdulrazaq     Umar Adelodun     Maryam Ado Bayero     Saka Adeyemo     Ita-Ore     Odogun Olushola Gabriel     Senate     Rice Farmers Association Of Nigeria     John Kehinde Salako     Abdulrasaq Alaro     Asiwaju Bola Tinubu     Otunba Taiwo Joseph     Idowu Laro     Turaki     Mohammed Yahaya Barki     Funmilayo Isiaka Oniwa     Ojo Fadumila     Tsaragi-Share     Benin Republic     Ayo Adeyemi     Mahe Abdulkadir     Bayo Ajia     Just Event Online     Theophilus Oyebiyi     Waziri Yakubu Gobir     Afolasade Opeyemi Kemi