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.

Mustapha Akanbi     Sa\'adatu Modibbo-Kawu     Minister     Tunde Akanbi     Kunbi Titiloye     Forgo Battery Company Limited     Yoruba     Aliyu Olatunji Ajanaku     Ilorin South     Yahya Mohammed     Funmilayo Zubair     Binta Sulyman     Maja     Idris Amosa Oladipo Saidu     Aminat Omodara     Labaeka     Maimunat Oloriegbe     Council Of The Wise     Nurudeen Muhammed     Emir Of Ilorin     Muhammed Aliyu     Sheriff Olanrewaju     Arinola Lawal     UTME     Binta Abubakar-Mora     Memunat Monsuma     Abdulraheem Olesin     Gafaru Olayiwola Olorisade     Kisra     YAKOOYO     Abdulganiyu AbdulAzeez     Kwara State Branch Of The National Library     Salaudeen Oyewale     Elerin Of Adanla Irese     Taibat Ayinke Ahmed     Abdulkadir Remi Hawawu     Women For Change And Development Initiative     Kwara State Governor     Plat Technologies     Ahmed Idris Mohammed     Sanitation Exercise     Iliasu     Peter Amogbonjaye     IESA     Amina Susa\'a De Ahmed     Sola Saraki Educational Foundation     Shettima Of Ilorin     Unicontinental Construction Company     Chief Imam Of Offa     Bursary     Fatimoh Lawal     Sidikat Alaya     Abegunde Goke     Saadu Alanamu     Ibrahim Abikan     Kehinde Baale     Yakubu Shaaba     Marafan Shonga     Sidikat Uthman Ajibola     Tsado Manman     Yakubu Danladi     Elese Of Igbaja     Ifelodun     Sardauna Of Ilorin     Neo Mundo Ltd     Tunde Saad     Ahmed Ayinla Jimoh     Salman Alada     Muhammadu Gobir     Local Government Pension Board     Ayobami Seriki     Mohammed Tunde-Jimoh     Ilesha-Baruba     Chief Imam Of Lafiagi     Abdulmajeed Abdullahi     Femi Ogunsola     Valsolar    

Cloud Tag: What's trending

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

Kumbi Titilope     C2c@kwarastate.gov.ng     Aliyu Alhassan     Abdulmumini AbdulRazaq     Abdul Jimoh Mohammed     Abdulrahman Onikijipa     Raji AbdulRasaq     Face Masks     Titus Ashaolu     Rebecca Olanrewaju     Omu-aran     Ahmed     Abdul-Rasheed Na\'Allah     Sulaiman Gado     Shero     Alloy Chukwuemeka     Post Utme     Owu Fall     Oloje     Abatemi-Usman     Saka Adeyemo     Galadiman Ngeri     Sidikat Akaje     Ibrahim Mohammed     Kolawole Bashirat     Ilorin Emirate Stakeholders Forum     Offa Grammer School     Mary Arinde     Ijakadi     Salman Jawondo     Riskat Opakunle     Kwara State Printing And Publishing Corporation     Ridhwanullah Al-Ilory     Ibrahim Abdulkadir Abikan     Micheal Imoudu     Salihu Ajia     Salami Adekunle     Afolasade Opeyemi Kemi     Pakata Development Association     Chief Imam Of Ilorin     Habeeb Saidu     Sobi Hill     Bola Sagaya     Sarkin Malamai     COVID     Saka Abimbola Isau     Abdullahi AbdulMajeed     Kazeem Gbolagade     Valsolar Consultoria     Tunde Akanbi     Ohoro Of Shao     Shaaba Lafiagi     Trader Moni     Olosi Of Osi     Lucky Omoluwa     Yusuf Mubarak     Tunde Idiagbon Road     Saidu Isa     Balogin Alanamu     Timothy Olatunde Fadipe     SSA Youth Engagement     Timothy Akangbe     AbdulHakeem Ajibola Akanbi     Adamu Atta     Taofik Abiodun Ahmed     Lai Gobir     Olatunji Ibrahim     Cornelius Adebayo     Akorede     Baba Idris     Igbomina     Jide Oyinloye     Adijat Adebiyi     Ola Falade     Idowu Laro     Abdulwasiu Bolaji Adeyi     Lanre Aremu