Reps to probe deployment of military men during polls, Kajuru killings

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Ilorin—The outgoing administration of Governor Abdulfatah Ahmed of Kwara State has said contrary to insinuations,  the state’s debt profile stands at N30,203,632,608.29 with a monthly repayment of N496,367,109.08.

State Commissioner for Finance, Alhaji Demola Banu, yesterday, said: “The debt stood at N31,481,082,712.95 in 2017 and N30,751,665,421.83 at the end of 2018, contrary to social media speculation of N50.2 billion.”

Giving a breakdown of the current indebtedness, Banu explained: ”The N30.2 billion includes N15,325,541,483.03 as the balance of the Federal Government restructured loan; N4,002,948,667.07 as salary bailout, excess crude account loan outstanding of N9,324,613,607.52 and vehicle loan balance of N128,916,612.87.

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Source: Vanguard Newspaper