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.

Abubakar Atiku     Umar Bayo Abdulwahab     Offa     AbdulKareem Yusuf Danhawa     Funmilayo Mohammed     Henry Olaosebikan     Olabanji Orilonishe     Kolawole Akande     Yekini Adio     Michael Ologundea     Adisa Logun     Joseph Bamigboye     Hamid Bobboyi     Prince Sunday Fagbemi     Oladimeji Thompson     Albert Ogunsola     Abdulmumini AbdulRazaq     VADA     Sunday Otokiti     Ayinde Oki     Adekunle David Dunmade     Okanlawon Taiwo     Yahaya Seriki Gambari     Muhammad-Mustapha Suleiman     Akom Construction And Engineering Synergy Ltd     Sulaiman Gado     Donatus Ejidike     Offa Grammer School     Haleeman Salman     Alikinla     Akande Idowu Ayoola Muhammed     Earlyon Technologies     Dele Momodu     NIPOGA     Oyawoye     Abdulahi Abubakar Bata     Wahab Egbewole     Alapado     NIPR     Bayo Ajia     Abdullahi G. Mohammad     Musbau A. Akanji     Idris Amosa Oladipo Saidu     Amuda Musbau     Afonja     Kamoru Kadiri     Christopher Tunji Ayeni     Muhammed Danjuma     Kwara State Council Of Chiefs     Abdulkadir Jimoh     New Model Police Station     Allocation     Durosinlohun Kawu     Adamu Attah     Rafiu Olasile     Olawuyi     Ilorin Talaka Parapo     Hajj     Code Of Conduct Bureau     Ajike People Support Centre     Just Event Online     Ishaq Salman     Sulyman Tejidini     Shuaib Boni Aliyu     Sa\'adu Salahu     Amusa Bello     Yakubu Shaaba     Ademola Kiyesola     Abdulkadir Remi Hawawu     Kola Ologbondiyan     JSSCE     Saadu Gbogbo Iwe     Jeunkunu-Malete-Bani     Universal Basic Education Commission     Segun Abifarin     Abdulhakeem Amao     Bashir Omolaja Bolarinwa    

Cloud Tag: What's trending

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

Yusuf Amuda Aluko     Abioye Bello     Hassan Taiye Salam     Valsolar Consultoria     NTA Ilorin     Wahab Femi Agbaje     All Peoples Party     Kwara 2019     TESCOM     Salihu S. Yaru     Marufat Oladosu     PharmAccess Foundation     Ibraheem Abdullateef     COVID     Lateef Fagbemi     Ghali Muhammed     Majlis For Sadaqah, Zakat And Waqf     Aliyu Sabi     Kamaldeen Kehinde     Emmanuel Olatunji Adesoye     ARMTI     Monsurat Omotosho     Kwara State Polytechnic     Sunday Fagbemi     Maigida     Aliyu Adebayo     Sun Qing Rong     New Naira Notes     Alimi     Isiaka Abdulrazak     Abdul-Rahoof Bello     Abdullahi Adisa Akodudu     Tunji Arosanyin     A.G.F Abdulrasaq     Allocation     Dagbalodo     Apaola     Abubakar Aliagan     Chief Imam Of Lafiagi     Emir Of Ilorin     Wasiu Odewale     Sobi     Bello Bature     Esuwoye     Razaq Ayobami Akanbi     IYA YUSUF     Gbenga Awoyale     Ballah     Sarah Alade     Umar Ayinla Saro     Shao     Binta Abubakar-Mora     Abubakar Olusola Saraki     Elese Of Igbaja     Wasiu Onidugbe     Lasiele Alabi Yahaya     Plat Technologies     Sa\'adatu Modibbo-Kawu     Idowu Aremu     Olaosebikan     Saheed Akinwumi     Saka Keji     Alabere     Aliyu Alhassan     Amuda Aluko     SWAN     Ajayi Okasanmi     Amasa     Kwara State Internal Revenue Service     Matthew Okedare     Olatunde Jare     Kehinde Boyede     Mohammed Abdulahi     Post Utme     KWASAA     ASUU     Bisi Kristien