Paris Club Loan: Osun Demands $167,261,095.11 Refund from FG

Osun State Government is demanding a sum of $167,261,095.11 as refund of over deduction of the Paris Club loan from the Federal Government.

Osun and other 35 states based their requests on unaccounted deductions on “Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) Report of the Reconciliation of State Governments’ External Debts, Vol. 1 (May 2007)”.

The states are demanding about $6.9billion Paris Club loan deductions from the Federal Government.

Here is the breakdown : Abia ($151, 410, 816.39); Adamawa($161, 968, 221.27); Akwa Ibom($344, 122,584.90); Anambra($162, 163, 091.98); Bauchi ($182, 192, 756.59); Bayelsa($329, 744, 322.49); Benue($81, 580, 708.60); Borno($194, 461, 850.74); Cross River ($160, 936, 263.51); Delta ($365, 655, 143.86); Ebonyi($119, 419,427.28); and Edo( $161, 354, 346, .83).Others are Ekiti($126, 432, 758.86); Enugu($142, 034, 156.54); Gombe ($118,486,826.45); Imo($185, 451, 792. 92); Jigawa ($188, 282, 561.77); Kaduna($204, 549, 118.60); Kano( $287, 952, 190.23); Katsina($217, 274, 991.01); Kebbi($158,344,357.37); Kogi($159, 674,903.18); Kwara($135, 646, 207 .33); Lagos($223, 773, 195.58);

Nasarawa($120, 557, 593.92); Niger($191, 014, 388.20); Ogun($152, 036, 415.75); Ondo ($ 185, 527, 107.67); Osun(4167, 261, 095.11); Oyo(4209, 314, 168.61); Plateau($149, 512, 027.96); Rivers ($462, 593, 183.07); Sokoto($170, 625, 921.77); Taraba(4148, 662,635.52); Yobe($143, 393,460.04); Zamfara($144, 169, 154. 81); and FCT($18, 142, 185).

Some states are demanding refund from 1982 to 2006, while others put their timeline at 1995 to 2006.