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.

Abdulkadir Bolakale Sakariyah     Ademola Kiyesola     Ibrahim Jawondo     Aishat Mohammed Lawal     Mustapha AbdulGaniyu     Shagari     Suwa-Arabs     Samari     Earlyon Technologies     Umar Sanda Yusuf     Afolasade Opeyemi Kemi     Samuel Elizabeth Keatswa     Kwara University Of Education     Senior Ibrahim Suleiman     Adesoye College     Toyin Abdullahi     Kwara Basketball Association     Ramat Oganija     Joshua Adeyemi Adimula     Yahaya Dumoye     Garment Factory     Pakata Patriots     Mansurat Amuda-Kannike     Shero     Yomi Ogunsola     Yemi Osinbajo     Balogun Ajikobi     Yusuf Amuda Aluko     Joseph Daudu     Unicontinental Construction Company     Maigida     Sidikat Alaya     College Of Arabic And Islamic Legal Studies     Olawuyi     Amuda Aluko     Mutawalle     Yusuf Arowosaye     Adeola Abraham     Vasolar Consultoria     Ejidongari     Talaka Parapo     JMK Construction Company Limited     Sabi     Sa\'adatu Modibbo-Kawu     Illyasu Abdullahi     Najim Yaasin     Zaratu Umar     Bamidele Aluko     Abdulrahman Abdullahi Kayode     Oke Sunna     Academic Staff Union Of Universities     Aliyu Umar     Folorunsho Erubu     Salihu Yahaya     Omu Aran     Toyin Falola     Muritala Awodun     Alfa Modibbo Belgore     Bamidele Adegoke     Abubakar Imam     Face Masks     Aisha Abodunrin Ibrahim     Oke-Ode     Voices Of Tomorrow     Abdullahi G. Mohammad     Elerin Of Adanla Irese     Ajikobi     Saliu Mustapha     Adeleke Ogungbe     REO CAKES     Isiaka Oniwa     Jumoke F. Ajao     Zulu Gambari     Rebecca Olanrewaju     Chief Of Staff     Saliu Alamoyo     Shuaibu Yaman    

Cloud Tag: What's trending

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

Yeketi     Awwal Jawondo     Undergraduate Bursary     Suwa-Arabs     Just Event Online     Shuaibu Yaman Abdullahi     Danladi     Jawondo     Labaeka     Hussein Oloyede     GAMA     Mutawali     Abdulfatai Salman Baakini     Ubandoma Of Ilorin     Amuda Bembe     Share     Gabriel Fashanu     Sadiq Umar     Senate President     Olaiya Lawal     ASUU     Suleiman Idris     Abdulkadir Remi Hawawu     Congress For National Consensus     Ilorin     Wahab Abayawo     Kwara Metro Park     Vishvas KOZ Tractors     Habeeb Saidu     Tayo Awodiji     Adamu B. Yaqubu     Jare Olatundun     Special Agro-industrial Processing Zone     Logun     Haruna Olawale Sulaiman     Government High School Adeta     FOMWAN     Kwara Liberation Group     Toyin Abdullahi     Matthew Okedare     Erubu     Tescom.kwarastate.gov.ng     KWASIEC     Galadima     Baba Adini Of Kwara State     Christian Association Of Nigeria     Paul Odama     Abubakar Usman Jos     Dankaka     Saliu Tunde Bello     John Kehinde Salako     Bareke     Saka Balikis Kehinde     Bisi Oyeleke     KwaraLearn     Dumagi     Igosun     Adam Abdullahi Al-Ilory     Lawal Jimoh     Oba Of Jebba     Olupako     Michael Nzekwe     Aisha Abodunrin Ibrahim     New Model Police Station     Onilorin Of Ilorin     Adebara     Oyelere Oyinloye     Jani Ibrahim     Face Masks     Sai Kayi     Labour Party     Folashade Omoniyi     Ahmed Dankaya     AbdulFatai Adeniyi Dan-Kazeem     IYA YUSUF     Olatunde Jare     Gbajabiamila