The Federal Government had released the sum of N388.304 billion out of N522.74 billion

to 35 states as refunds of over-deductions on London-Paris Club loans.

35 states were credited with their shares of the N388.304 billion as at December 27, 2016.
The biggest earners include Akwa Ibom, Bayelsa, Rivers, Delta, Katsina, Kaduna, Lagos, Imo, Jigawa, Borno, Niger, Bauchi and Benue states.

A breakdown of the list of beneficiaries of the refunds is as follows:

Akwa Ibom, N14,500,000,000.00;

Bayelsa, N14,500,000,000.00;

Delta, N14,500,000,000.00;

Kastina, N14,500,000,000.00;

Lagos, N14,500,000,000.00;

Rivers, N14,500,000,000.00;

Kaduna, N14,362,416,363.24;

Borno, N13,654,138,849.49;

Bauchi, N12,792,664,403.93;

Benue, N12,749,689,453.61;

Sokoto, N11,980,499,096.97;

Osun, N11,744,237,793.56;

Anambra, N11,386,281,466.35;

Edo, N11,329,495,462.04;

Cross River, N11,300,139,741.28;

Kogi, N11,211,573,328.19

Kebbi, N11,118,149,054.10.

Only Kano State and the FCT have so far not benefitted from the reimbursements.

According to the list, Kwara State got two types of refund totaling more than N9.188 billion.

Kwara’s shares include N5,415,167,236.97 refund to the state government and N3,773,082,953.54 for its 16 local government areas.