THE Federal Government has released a State by State breakdown of another tranche of Paris Club refund of over-deductions on Paris Club, London Club Loans and Multilateral debts on the accounts of States and Local Governments from 1995-2002.

A statement from the federal ministry of finance said these payments which totalled N243, 795,465,195.20 “were made to the 36 states and the Federal Capital Territory upon the approval of the President on May 4, 2017.”



Akwa-Ibom, Bayelsa, Delta, Kano and Rivers states received the largest disbursements of N10 billion each.

This second tranche of Paris Club refunds is a “partial settlement of long-standing claims by State Governments relating to over-deductions from their Federation Account Allocation Committee (FAAC) allocation for external debt service arising between 1995 and 2002.”

The statement added that Minister of Finance, Mrs. Kemi Adeosun explained that these debt service deductions were in respect of the Paris Club, London Club and Multilateral debts of the federal and State governments.

Source: http://www.socialtimesng.net/2017/07/new-paris-club-refund-see-state-recieved/

Lalasticlala, FP so that Nigerians can hold their governors accountable, because very soon this monies would disappear.

The Yaris of this nation will still build hotels and buy properties while their pple die of disease and staff are owed.

How is the fund shared? Tis like the oil producing states like kano are receiving more...Somebody educate me!

More loots made available to the state governors

And they will still embezzle the money,these governors dem sef,their own is worse.

It is a pity that this money will still go back to where it is coming from.

STILL THEY CANT PAY SALARIES NEITHER PENSION ARREAS. MORE LOOTING AGAINST 2019

owo tabua

And some will not pay salaries

Tolexander:
More loots made available to the state governors

those agitating for birafuro ought to reject it now since they say no election .then we will know they are serious

Later the niger deltans, instead of kidnapping their governors and torture them to make good use of those huge amount of money will be disturbing the peace of the country.


For every allocations,they collect the highest with their little population (e.g bayelsa) yet they shout maginilization instead of holding their governors responsible,they will start welcoming them with celebration when returning from prison(james ibori,alamesiagha and co)

skedman:
those agitating for birafuro ought to reject it now since they say no election .then we will know they are serious

They should kidnap their governors and force them to reject it like the election in the spirit of biafra.

The insatiable criminals and Kleptomanics would still divert everything.

You mean what each state's governor received

make d oloriburuku ajimobi and aregbe solve lautech problem o...

Lagos state got just 8bil.
Udom, You see that 10bill you dey collect so ?
nobe to the commission gutter they gather to take pictures and shoot video untop am, as u do for two lane be am...

If we no see anything you do by 2018, Just pack ur load and Akpabio own keep.
FYI
Nsima Ekere the NNPC boss dong dey take style dey skore big political points for areas wey u and Akpabio neglect... big political strongholds like Oron, Uruan, Itu etc... by 2019.. you go vomit every every, wey u dong chop...

kap kpemme idem.. #Meh Tang mma

I just wish this money would be shared to all Nigerians. It will make more sense.

SHARE THE NATIONAL CAKE

Some will use the money to buikd roads

Ok...Nice one.


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Fayose will use this money to buy stomach infrastructure

Basic123:
Later the niger deltans, instead of kidnapping their governors and torture them to make good use of those huge of money.


For every allocations,they collect the highest with their little population (e.g bayelsa) yet they shout maginilization instead of holding their governors responsible,they will start welcoming them with celebration when returning from prison(james ibori,alamesiagha and co)

The little population fed your entire region.

Ok

Hmmm is that while I heard Ikpeazu is going to clear teachers 6 months outstanding salary..hope this is true oo

Most wud be spent on recurrent expenditure, foreigh olosho, foreign houses, cars, yatchs etc. Zoogeris

Who will curb the state governor's? They are emperors, doing whatever they like.

The Nigeria government continues the sharing formula� What a way to go..

And many of these states are owing their workers