The Federal Government has released N388.304 billion out of N522.74 billion to 35 states as refunds of over-deductions on London-Paris Club loans.



A breakdown of the list of top beneficiaries of the refunds is as follows:

Akwa Ibom - N14,500,000,000.00;

Bayelsa - N14,500,000,000.00;

Delta - N14,500,000,000.00;

Kastina - N14,500,000,000.00;

Lagos - N14,500,000,000.00;

Rivers - N14,500,000,000.00;

Kaduna - N14,362,416,363.24;

Borno - N13,654,138,849.49;

Bauchi - N12,792,664,403.93;

Benue - N12,749,689,453.61;

Sokoto - N11,980,499,096.97;

Osun - N11,744,237,793.56;

Anambra - N11,386,281,466.35;

Edo - N11,329,495,462.04;

Cross River - N11,300,139,741.28;

Kogi - N11,211,573,328.19

Kebbi - N11,118,149,054.10.

But the Presidency was uncomfortable with the attitude of some state governors to the management of the refunds.

A reliable source in the Presidency, who spoke in confidence, said: “President Muhammadu Buhari has lived up to his pledge to ease salary crises in all the states by releasing N388.304 billion to 35 states.

“The agreement between the Federal Government and the state governors was very clear. While 50 per cent of the amount released shall be used to offset outstanding salary and pension arrears, the remaining 50 per cent would be used for the payment of other obligations.

“Some governors have however reneged on this agreement. Security reports available to the presidency showed that Governor Ayodele Fayose paid only one month out of eight-month salary arrears.

“The same governor went ahead to pay a curious 13-month salary to Ekiti workers. Yet, he got N8.877 billion refund.

Read more: http://thenationonlineng.net/n388-3bn-refunds-rivers-delta-katsina-lagos-top-list-gainers/

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