Friday, 9 December 2016

Paris and London Clubs Refund: Benue Gets N12.7 Billion Refund

Benue State Governor, Samuel Ortom, today announced that N12.7 billion has hit the account of the state government as Paris and London Clubs refund.

He announced at the Benue People's House in Makurdi while speaking with journalists.

According to him the amount was 25% of $181 million which was the total amount owed the state as the refund explained that local governments in the state would take 45% while the state would utilize the remaining 50%.

The Governor said he would meet with the relevant labour leaders in the state to work out an acceptable disbursement formula on Monday next week.

Governor Ortom noted that his government would comply with President Mohammadu Buhari's directive to use half of the amount to offset salary areas of civil servants at the state and local government levels.

He said the President had approved that 50% of the total amount be paid but that the Federal Ministry of Finance and the Central Bank were able to pay only the 25% at the official exchange rate three days ago.

The Governor described the information that the state had received over N10 billion as false information that emanated from the opposition political party.

By Tahav Agerzua.

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