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Ondo Govt Confirms Receipt Of N6.5b Paris Club Re-Fund

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The Ondo State Government has announced that it has received N6.5b as part payment  of  money owed it by the Federal government on the excess deductions made  from the state account on the Paris Club payment. 

In view of this, the state Governor, Dr Olusegun Mimiko  has ordered that   part  of  the fund should be used to offset workers  salary.

In a statement issued  by the Commissioner for Information, Mr Kayode Akinmade, the government said the N6.5b is from the about 185m dollars owed the state on the Paris Club deductions,

According to the statement, out of the N6.5b received, the state government will get N4.37b  which represents 67.3 percent of the sum, while the Local Councils in the state will get N2.1b which represents 32.7 percent of the sum paid.

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