There are strong indications that five states may get the highest allocation out of the 649.43 billion naira expected to be paid by the Federal Government to state governments from the final tranche of the Paris Club loan refund.
The states, according to the investigations are Akwa Ibom, Bayelsa, Delta, Kano and Rivers.
Findings showed that due to their strategic importance in terms of revenue allocation, the five states had suffered the highest deductions when the loans for the payment of the Paris club debt were being deducted from the federation account.
It was also gathered that the Federal Government might not pay the final tranche of the 649.43 billion naira refund until after May 29 when new states’ chief executive officers are sworn in. A top government official confided that states that got the highest allocation from the Federation Account Allocation Committee were those that suffered highest deductions during the payment of the Paris club debt.