Kwara Assembly to recover alleged Government Assets in private hands

Date: 2017-09-07

The Kwara State House of Assembly has restated its commitment towards recovering state government's properties in private hands, to ensure equity, probity and accountability in government owned companies.

The Speaker, Dr. Ali Ahmad gave the assurance in Ilorin, while inaugurating an ad- hoc Committee to investigate Allegation of Misappropriation, relating to government Assets under Harmony Holdings.

Dr. Ahmad explained that the investigation, became imperative, as the legislature was inundated with several stories, petitions and reports of mismanagement and alleged fraud that Harmony Holdings, its subsidiaries, or some of its staff converted or sold choice properties to themselves or their acquaintances and allegedly failed to show evidence of payment of commercially competitive prices into appropriate accounts, pointing out that " director's breach of fiduciary duties to the company has been wide spread and other sundry allegations inconsistent with running of a purely commercial, profit - driven conglomerate.

The Speaker commended the state Governor, Alhaji Abdul Fatah Ahmed, for coming up with the initiative of Harmony Holdings Limited, to "oversee other smaller and industry- specific entities" to reinvigorate and redirect all potentially income - yielding and revenue generating agencies and parastatals of government.

He said the investigation was geared towards establishing facts, proffer recommendations and ensure that the company, which he said, is the repository of the state's collective wealth, is salvaged and restored to the path of profitability and enjoined Kwarans to give the the committee and the Holdings, the benefit of doubt.

Dr. Ahmad who allayed the fear that the House was out to witch hunt or victimize any one , urged members of the ad- hoc committee to discharge their duties in accordance with the salient provisions of section 128 of the nation's Constitution.

He disclosed that the House has given a week of grace to individuals or institutions to return what they have earned unduely from the company to the State and praised a member of the committee Hon. Adamu Usman who returned his landed property, given to him by the company free of charge many years ago in Abuja.

Responding, the Chairman of the Ad- hoc Committee and House Leader, Hon. Hassan Oyeleke promised to carryout thorough investigation, without fear or favour, pointing out that " we will not leave any stone unturned in our attempt to unearth the misery behind the management of our collective resources ".

Meanwhile, a member of the committee Hon. Adamu Usman who was a senior Accountant of the company between 2012-2013, has willingly surrendered all benefits accrued to him, to enable him to be fair in the discharge of his duty, pointing out that the investigation was long overdue.

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Just Law Forum     Raymond Olaitan     Ghali Alaaya     Charcoal     Saheed Alakoso     Ajike People Support Centre     Sheu Ndanusa Usman     Bursary     New Nigeria People’s Party     Unicontinental Construction Company     Maryam Ado Bayero     Onilupeju Of Ilupeju     Arca Santa     Bukola Saraki     Sola Saraki Educational Foundation     Offa Grammer School     Adamu Attah     Afetu Of Alabe     Oyun     Ilorin Central Mosque     Aminu Ado Bayero     David Adesina     Bahago     C2c@kwarastate.gov.ng     Makama Of Ilorin     Orisun Igbomina     Yusuf Badmus     Dairo Kunle Paul     Olateju Lukman     Code Of Conduct     Noah Yusuf     KFA     Balogun Fulani     Mike Omotosho     Sambo Murtala     Pakata Patriots     Kawu     Shehu Alimi Foundation For Peace And Development     Ahmad Uthman     Durbar Festival     SGBN     Toyin Abdullahi     Dunmade     Ibrahim Agboola Gambari     Lai Gobir     Atunwa     Post Utme     Olatomiwa Williams     KSIRS     Frootify     Madawaki     Joshua Adeyemi Adimula     Buari Edun     Maryam Nurudeen     Ibraheem Adeola Katibi     Tsaragi/Share     Chikanda     Igbomina     Nigerian Supreme Council For Islamic Affairs     Abdulrasheed Akogun     Bareke     Ilorin Emirate Staff Association     Ope Saraki     Imodoye Writer’s Enclave     Nigerian Medical Association     Otoge     International Public Sector Accounting Standards     Muslim Media Watch Group Of Nigeria     Salihu S. Yaru     Rabiu Kwankwaso     Olatunji Bamgbola     Muazam Nayaya     Saba Mamman Daniel     Folashade Omoniyi     Isaac Aderemi Kolawole     Economic And Financial Crimes Commission     Apata Ajele Secondary School    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Saad Omo Iya     Chartered Institute Of Personnel Management Of Nigeria     Abdulfatai Baakini     Yusuf AbdulRasheed     Oke-Ode     Forgo Battery Company Limited     S.O. Opowoye     Col. Adedipe     Abubakar Atiku     JAMB     Khairat Gwadabe     Usman Rifun     Abubakar Aliagan     Ayodele Olaosebikan     Kaiama     Kwara Consultative Forum     MAI Akande     Yahaya Dumoye     Abdulraheem Olesin     Musa Abdullahi     Muslimah Entrepreneurship Forum     Abdulhakeem Amao     Volunteers Of Ilorin Community And The Emirate     Ilorin West/Asa Federal Constituency     Harmony Holdings     Oro Grammar School Old Students Association     Gabriel Fashanu     NULGE     Biliaminu Aliu     April 11     Abdulmumini AbdulRazaq     Hassanat Bello     Offa Metropolitan Club     Aminat Omodara     Chief Imam Of Offa     Owu Fall     Ilorin West     Sanusi Abubakar     Alabi Olayemi Abdulrazak     Nnazua     Olokoba Abdullahi Ayinla     Nigeria Governors\' Forum     KwaraLearn     Toyin Saraki     Standard Organization Of Nigeria     Baboko Primary School     Amusa Bello     Tunde Mukaila Mustapha     Ibrahim Abdullahi     Jamila Bio Ibrahim     Nigeria Computer Society     Facemasks     Yunus Oniboki     Asiwaju Bola Tinubu     Ahmad Olanrewaju Belgore     Busari Alabi Alausa     AbdulRazaq Jiddah     Aisha Abodunrin Ibrahim     QuickWin     Abdulfatai Ahmed     Rasaq Jimoh     Micheal Imodu-Ganmo Road     Olatunde Jare     Shuaib Abdulkadir     Femi Gbajabiamila     Yahaya Seriki Gambari     Shade Omoniyi     KWSUED     Segun Ogunsola     Ola Falade     Ayinde Oki     Metro Park     Lanre Badmas     Muhammed Aliyu     Garment Factory     Omotoso Musa     Societe Generale Bank Of Nigeria