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.

Justina Oha     Talaka Parapo     Towobola Abdulrahman Toyin     Abdulwahab Oba     Tunde Saad     Dar-Al-Handasah Consultants Ltd     Abdulkareem Alabi     Charcoal     Vasolar Consortium     Saba Jibril     Isiaka Rafiu Mope     Sa\'adatu Modibbo-Kawu     Bureau Of Lands     KWASAA     Aliyu Umar     Aisha Ahman-Pategi     Abdulrauf Aliyu     Dauda Adeniran Adeshola     Balikis Jawondo     Onilorin     Gobirawa     Ridhwanullah Al-Ilory     Muhammed Mahe Abdulkadir     Owode Market     COVID-19 Palliatives     Saad Belgore     Amos Justus Sayo     Bello Oyedepo     Mahee Abdulkadir     Ndakene     Sebastine Obasi     Olaiya Lawal     Yusuf AbdulRasheed     Asa LGEA School     Public Holiday     CCB     Funke Adedoyin     Yusuf Amuda Aluko     Maryam A. Garuba     Taiwo Joseph     CCEPE     Al-Hikmah University     Elesie Of Esie     Adesoye     Ebola     Nigerian Medical Association     Wale Oladepo     Yusuf Lawal     Onikijipa     Tafidan Kaiama     Kwabes     Share-Tsaragi     Balogun Fulani     Kwara State Television (KWTV)     Yahaya Dumoye     Kunle Okeowo     Saheed Alakoso     Abubakar Baba Sulaiman     Isiaka AbdulRazaq     Garba Dogo     AbdulRahman Saad     Bayer Nigeria Limited     Vasolar Consultoria     Oniwasi Agbaye     Oja-Oba     Police Commissioner     Lukman Oyebanji Fagbemi     Suleiman Mora Omar     Folaranmi Aro     Sunday Otokiti     Valsolar Consortium     Abdulfatah Ahmed     Jaigbade Alao     Oke-Kura     Adedipe     Bola Sagaya     Saidu Isa    

Cloud Tag: What's trending

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

Micheal Imodu-Ganmo Road     2023 Elections     Chief Imam Of Lafiagi     Abubakar Bature Sulu-Gambari     Adeniyi Ojo     Bibire Ajape     Kanu Agabi     Smart School     New Nigeria People’s Party     Wahab Femi Agbaje     Kayode Ogunlowo     Elewu     Makama     Olaiya Victor Mobolaji     Kwara South     Olabode George Towoju     Lola Ashiru     Yahaya Abdulkareem Babaita     Harrison Osauwagboe     Suraj Tunji Oyewale     Bello Taoheed Abubakar     Erin-ile     T And K FOODS     Samuel Olusegun Adedayo     KWASAA     Abiodun Musa Aibinu     Elerin Of Erin-Ile     Kwara State Polytechnic     Hassan Taiye Salam     Public Holiday     Ayobola Ipinlaiye     Adam Abdullahi Al-Ilory     Just Event Online     Abdulrahman Abdulrasaq     Rotimi Oyedepo     Joseph Offorjama     Falokun-Oja     Yahaya Muhammad     Lanre Aremu     Shehu Salau     Bareke     Titus Ashaolu     Lateef Alagbonsi     Solomon Edojah     Oke-opin     Waheed Ibrahim     Split Diamond Interchange     Omoniyi Ayinla     Yunus Oniboki     Mohammed Yisa     CELF     Dasuki Belgore     Bukola Saraki     Wahab Kunle Shittu     Kpotum Mohammed Baba     John Dara     Salihu Ajibola Ajia     BIR     Sheikh Alimi     AbdulHamid Adi     Wole Oke     Tunde Kazeem     QuickWin     Kwabes     Shuaib Olarongbe     Bursary     Islamiya Abdulraheem     Abdulhakeem Adelaja Amao     Nigeria Foundation For Artificial Intelligence     Gobirawa     Ibrahim Oniye     March 28     Yinka Aluko     Yusuf Arowosaye     Fawenu     Agboola Abdulraheem     Lai Gobir