Bimbo Adekambi explains on Paris Club Refund in Ibadan

The Commissioner for Finance, 

Mr Bimbo Adekambi explained on Thursday ,discussing issues bordering on Oyo State Finances and Paris Club Refunds .

The Commissioner stated this while featuring on a Fresh FM Radio Station in Ibadan.
He confessed that there is iota of truth that Oyo State Government has received N7.9Billion from the Paris Club refund .

In his remarks, he said that the first Oyo State received was N7.2Billion and the FG advised that it should use 50% for salaries but the state used over 60% of the funds for it.

He further explained that second one the State got was about N5Billion, and it used 100% of it for salaries/pensions despite the FG advising that we use 50% for salaries

The stated that N7.2Billion the State got recently as the 3rd tranche from the #ParisClub funds will go the same way as the State did the first two ,noting that100% of the funds from FAAC and Bailout then over 75% of the #ParisClub funds is spent on paying salaries in Oyo State .

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