Ekiti State publishes Allocation from the Federation Account (December 2015 -May 2016)

Ekiti State government has published Allocation from the Federation Account from (December 2015 -May 2016).

The Account details are as follows

May 2016
1. Statutory Allocation – N1,210,511,781.51
2. VAT – N626,846,172.58
3. Recovered Excess Bank Charges – N9,989,368.69
4. Exchange Rate Gains – N13,572,036.54
TOTAL ALLOCATION N1, 860,919,359.32

DEDUCTIONS
1. Foreign Loan N30,217,966,49
2. N20 Bond (ISPO) N397,196,808.00
3. Commercial Agric Credit Scheme N23,120,001.44
4. Bond Issuance (N5bn Bond) N102,458,000.01
5. NUWSR (Water Project) N41,112,500.00
6. FG Salary Bailout N86,405,567.03 (Not deducted)
7. Excess Crude Loan N179,945,191.18 (Not deducted)
8. Commercial Bank Loan N248,153,651.78 (Not deducted)
TOTAL DEDUCTION N594, 105,275.94

NET ALLOCATION N1, 266,814,083.38

Note:
1. Total sum of N514, 504,409.99 (FG Salary Bailout, Excess Crude Loan
and Commercial Bank Loan) was not deducted from the May allocation as
part of FG assistance for the States. Total deduction ought to have
been N1, 108,609,685.93 and this would have left the State with N752,
309,673.39.

2. The Bailout Fund was taken to pay August and September, 2014 salary
of workers (including political appointees) and May, June and July
2014 Cooperative and Unions Deductions that the APC govt of Dr Kayode Fayemi did not pay.

3. If Ekiti State was not plunged into debt by the APC govt of Dr
Kayode Fayemi and no deduction was made from the allocation, the State
would have received N1, 860,919,359.32 for the month of May, 2016!

4. Anyone or group with contrary information should supply it to the public.

Ekiti State Allocation from the Federation Account

April 2016
1. Statutory Allocation N1, 304,956,505.21 2. VAT N599,
003,844.29 3. Exchange Rate Gains – N16,067,034.46
TOTAL ALLOCATION N1, 920,027,383.96

DEDUCTIONS
1. Foreign Loan N30,217,966,49
2. N20 Bond (ISPO) N397,196,808.00
3. Commercial Agric Credit Scheme N23,120,001.44
4. Bond Issuance (N5bn Bond) N102,458,000.01
5. FG Salary Bailout N86,405,567.03 (Not deducted)
6. Excess Crude Loan N179,945,191.18
7. Commercial Bank Loan N248,153,651.78 (Not deducted)
TOTAL DEDUCTION N732, 937, 967.12
NET ALLOCATION N1, 187,089,416.84

Note:
1. Total sum of N334, 559,218.81 (FG Salary Bailout and Commercial
Bank Loan) was not deducted from the April allocation as part of FG
assistance for the States. Total deduction ought to have been N1,
067,497,185.93 and this would have left the State with N859,
674,327.86!

2. The Bailout Fund was taken to pay August and September, 2014 salary
of workers (including political appointees) and May, June and July
2014 Cooperative and Unions Deductions that the APC govt of Dr Kayode Fayemi did not pay.

3. If Ekiti State was not plunged into debt by the APC govt of Dr
Kayode Fayemi and no deduction was made from the allocation, the State
would have received N1, 920,027,383.96 for the month of April, 2016!

4. Anyone or group with contrary information should supply it to the public.

Ekiti State Allocation from the Federation Account

March 2016
1. Statutory Allocation N1,521,277,692.91
2. VAT N611,310,346.30
3. Exchange Rate Gains N19,378,853.58
TOTAL ALLOCATION N2, 151,966,892.79

DEDUCTIONS
1. Foreign Loan N30,217,966,49
2. N20 Bond (ISPO) N397,196,808.00
3. Commercial Agric Credit Scheme N23,120,001.44
4. Bond Issuance (N5bn Bond) N102,458,000.01
5. FG Salary Bailout N86,405,567.03
6. Excess Crude Loan N179,945,191.18
7. Commercial Bank Loan N248,153,651.78
TOTAL DEDUCTION N1, 067,497,185.93
NET ALLOCATION N1, 084,469,706.86

Note:
1. Total deduction of N1, 067,497,185.93 was made from the allocation, leaving
N1, 084,469,706.86!

2. The Bailout Fund, which is also being deducted was taken to pay
August and September, 2014 salary of workers (including political
appointees) and May, June and July 2014 Cooperative and Unions
Deductions that the APC govt of Dr Kayode Fayemi did not pay.

3. If Ekiti State was not plunged into debt by the APC govt of Dr
Kayode Fayemi and no deduction was made from the allocation, the State
would have received N2, 151,966,892.79
for the month of March, 2016!

4. Anyone or group with contrary information should supply it to the public.

Ekiti State Allocation from the Federation Account

February 2016
1. Statutory Allocation N1,644,130,228.03
2. VAT N642,473,386.35
3. Exchange Rate Gains N19,037,144.70
TOTAL ALLOCATION N2, 324,677,903.78

DEDUCTIONS
1. Foreign Loan N30,217,966,49
2. N20 Bond (ISPO) N397,196,808.00
3. Commercial Agric Credit Scheme N23,120,001.44
4. Bond Issuance (N5bn Bond) N102,458,000.01
5. NUWSR (Water Project) N41,112,500.00
6. FG Salary Bailout N86,405,567.03
7. Commercial Bank Loan N248,153,651.78
TOTAL DEDUCTION N928, 664,494.75
NET ALLOCATION N1, 376,976,264.33

Note:
1. Total deduction of N928, 664,494.75 was made from the allocation, leaving
N1, 376,976,264.33.

2. The Bailout Fund, which is also being deducted was taken to pay
August and September, 2014 salary of workers (including political
appointees) and May, June and July 2014 Cooperative and Unions
Deductions that the APC govt of Dr Kayode Fayemi did not pay.

3. If Ekiti State was not plunged into debt by the APC govt of Dr
Kayode Fayemi and no deduction was made from the allocation, the State
would have received N2, 324,677,903.78 for the month of February,
2016!

4. Anyone or group with contrary information should supply it to the public.

Ekiti State Allocation from the Federation Account

January 2016
1. Statutory Allocation N1,764,857,824.55
2. VAT N571,996,090.05
3. Exchange Rate Gains N24,097,043.32
4. NLNG N185,230,925.04
TOTAL ALLOCATION N2,546,181,882.96

DEDUCTIONS
1. Foreign Loan N25,674,526.04
2. N20 Bond (ISPO) N397,196,808.00
3. Commercial Agric Credit Scheme N23,120,001.44
4. Bond Issuance (N5bn Bond) N102,458,000.01
5. FG Salary Bailout N86,405,567.03
6. Commercial Bank Loan N248,153,651.78
TOTAL DEDUCTION N883, 008,554.30
NET ALLOCATION N1, 663,173,328.66

Note:
5. Total deduction of N883, 008,554.30 was made from the allocation, leaving
N1, 663,173,328.66.

6. The Bailout Fund, which is also being deducted was taken to pay
August and September, 2014 salary of workers (including political
appointees) and May, June and July 2014 Cooperative and Unions
Deductions that the APC govt of Dr Kayode Fayemi did not pay.

7. If Ekiti State was not plunged into debt by the APC govt of Dr
Kayode Fayemi and no deduction was made from the allocation, the State
would have received N2, 546,181,882.96 for the month of January, 2016!

8. Anyone or group with contrary information should supply it to the public.

Ekiti State Allocation from the Federation Account

December 2015

1. Statutory Allocation N1, 668,398,633.92
2. VAT N563, 012,185.26
3. Exchange Rate Gains N27, 426,739.20
TOTAL ALLOCATION N2, 546,181,882.96

DEDUCTIONS
1. Foreign Loan N25,674,526.04
2. N20bn Bond (ISPO) N397,196,808.00
3. Commercial Agric Credit Scheme N23,120,001.44
4. N5bn Bond N102,458,000.01
6. FG Salary Bailout N86,405,567.03
7. Commercial Bank Loan N248,153,651.78
TOTAL DEDUCTION N883, 008,554.30
NET ALLOCATION N1, 375,829,004.08

Note:
1. Total deduction of N883, 008,554.30 was made from the allocation,
leaving N1, 375,829,004.08
6. The Bailout Fund, which is also being deducted was taken to pay
August and September, 2014 salary of workers (including political
appointees) and May, June and July 2014 Cooperative and Unions
Deductions that the APC govt of Dr Kayode Fayemi did not pay.

7. If Ekiti State was not plunged into debt by the APC govt of Dr
Kayode Fayemi and no deduction was made from the allocation, the State
would have received N2, 258,837,558.38 for the month of December,
2015!

8. Anyone or group with contrary information should supply it to the public.

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