FG to Refund 21 States N489bn Expended on Federal Projects

FG to Refund 21 States N489bn Expended on Federal Projects

The federal government is now set to refund 21 states monies expended on intervention on federal projects in their various states.

The disbursement of about N489 billion to the affected states was approved by the Senate.federal government

Lagos would receive the largest chunk of the money, totaling N114.6 billion, while Akwa Ibom came second with N78.7 billion.

While Zamfara would get N60.02 billion, Ogun N59.2billion and Anambra N37.9 billion.

Senator Victor Umeh representing Anambra Central Senatorial district, hinted newsmen on the approval in Awka, Anambra State capital, on Thursday, August 2, 2018.

He noted the approval was made by the Senate Adhoc Committee on Promissory Note Programme and Bond Issuance following the rescinding of earlier Senate resolution on the committee’s interim report of 7th June 2018.

Adding the approval of the refund followed a motion by Senator Francis Alimikhena (Edo North), that the Senate should settle inherited local debts and contractual obligations on the refund to state governments for projects executed on behalf of the federal government.

He advised the federal government to release the money on time so that states could put such fund to use.

“The Senate decided to settle some of the outstanding claims and liabilities of states in the sum of N488,743,526,204.77k based on state by state claims.

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“The approval of the refund followed a motion by Senator Francis Alimikhena (Edo North) that the Senate should settle inherited local debts and contractual obligations on the refund to state governments for projects executed on behalf of the federal government.”

“I and the deputy governor of Anambra State, Dr. Nkem Okeke, led the Anambra delegation to the refund defense.

“I devoted my time to it because Governor Willie Obiano is doing well and needs as much assistance possible to continue his good work.”