The Federal Government of Nigeria has released the sum of N17.3 billion to the Ogun State government from the recent Paris Club refund. The state government promised to offset the backlog of cooperative deductions, gratuity, severance allowances, furniture allowances and other social services. Adewale Oshinowo, the state Commissioner for Finance, who disclosed this during a […]
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There seems to be hope of a blissful Christmas and New Year celebration for civil servants who are being owed salaries and allowances, as 27 states have collected their dues from the Paris Club Refund. It is expected that a large chunk of the funds will be used to offset arrears of workers’ salaries and […]
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Kogi State Government has released N2 billion to the 21 local government councils in the state as their share of the N6.2 billion of the Paris Club refund the state received from the Federal Government. A statement issued in Lokoja on Saturday by the Commissioner of Finance, Idris Ashiru, said the government’s share of the […]
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A statement from the ministry of finance revealed that a second tranche of Paris Club refund has been given to states by the federal government. In the breakdown given, it was said that the payments, which totalled N243,795,465,195.20 were made to the 36 states and the federal capital territory upon the approval of President Muhammadu […]
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The federal government has finally released a breakdown of the first tranche of Paris Club refunds paid to states to date. The payments, totalling N516.38 billion, were made to the 36 states and the Federal Capital Territory upon the approval of President Muhammadu Buhari on November 21 2016, a statement by Salisu Danbatta, director of […]
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Recent reports indicate that the President of the Senate Dr. Bukola Saraki may not have benefited from the Paris Club Loan Refund as has been alleged in media reports credited to the Economic and Financial Crimes Commission (EFCC). According to the report, Saraki’s aides and Robert Mbonu, his associate, diverted N3.5 billion of the funds. […]
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The Minister of Finance, Mrs Kemi Adeosun, said the Federal Government had consistently complied with all extant rules and regulations in the disbursement of the Paris Club refunds to state governments. In a statement by her Special Media Adviser, Mr Festus Akanbi on Monday in Abuja, Adeosun said the Federal Government’s disbursement process was transparent […]
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