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.

Ubandoma     Oke-Kura     Old Oyo     Oke Sunna     Majlis For Sadaqah, Zakat And Waqf     Sadiq Umar     Afonja Descendants Union     Muhammad Mustapha Suleiman     Nigerian Correctional Service     Ajeigbe     Adebayo Salami     Yusuf Abubakar     Abdullahi Saadudeen Alikinla     Raliat Islamic Foundation     Alanamu     3MTT     Folorunsho Erubu     Fulani     Islamic Development Bank     Marufat Oladosu     Jalala     Elerin Of Adanla Irese     Patience Jonathan     Shettima     Abioye Bello     Oro Grammar School     Modupe Oluwole     HAMFAT Clinic And Maternity     Kwara State University Of Education     Javed Khan     Ndama Al-hassan     Kamaldeen Ajibade     Nigeria Governors\' Forum     Federal Road Maintenance Agency     Curfew     International Public Sector Accounting Standards     Issa Baba     Bolakale Kawu     Hajj     Lucky Omoluwa     Simeon Ajibola     Onilorin     KWASIEC     Moremi High School     New Model Police Station     Funmilayo Zubair     Wasiu Onidugbe     Kwara University Of Education     Busari Toyin Isiaka     High Court     Ella Supreme Tissue Paper     Alaiye     Christopher Tunji Ayeni     Muhammad Akande Olarewaju Odunade     Taiwo Joseph     New Naira Notes     Mubarak Oladosu     Shao     David Oyedepo     Wahab Egbewole     Maimunat Oniyangi     Sabo-Oke     Senate Presidency     Opaleke Bukola Iyabo     Oro Grammar School Old Students Association     Ilorin Anchor Men And Women     Idowu Laro     Sun Qing Rong     Yashikira     Garba Dogo     Nagode     Rasheed Jimoh     Buhari     Aliyu U. Tilde     Osuwa     NURTW     Olaiya Victor Mobolaji    

Cloud Tag: What's trending

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

Temi Kolawole     Chief Of Staff     S.O. Opowoye     Olupako Of Share     Ilorin Likeminds Foundation     Owo Isowo     Olumide Daniel Ibitoye     AbdulRazaq Jiddah     Adeola Abraham     Ajase-Ipo     Sadiq Umar     Bolakale Kawu     NAWOJ     Ilorin Amusement Park     Sherif Shagaya     Shuaibu Yaman Abdullahi     Pategi     Eleja Taiwo Banu     Okanlawon Taiwo     Kumbi Titilope     MMWG     Ijakadi     Millennium Development Goals     Countryside Emerging Leaders Fellowship     Musa Yeketi     Nigerian Correctional Service     2023 Elections     Niguel Gallando Marcias     Kpotum Mohammed Baba     Towobola Abdulrahman Toyin     Babatunde Ishola Babaita     Hakeem Idris     Abdulkadir Akanbi-Oke     Christian Association Of Nigeria     Neo Mundo Ltd     Kwara Poly     Sadiq Buhari     Aliyu Kora-Sabi     CCEPE     MalHub     Jaiz Bank     Funke Adedoyin     Sulyman Buhari     Raliat AbdulRazaq     Mohammed Saidu     Mohammed Ibrahim     Umar Gunu     Guber Aspirant     Tescom.kwarastate.gov.ng     Haliru Yahaya     Isiaka Yusuf     Kwara Teaching Service Commission     Arca Santa     Ishola Moses Abiodun     Fatai Olodo     Amasa     Dar-Al-Handasah Consultants Ltd     Simeon Sayomi     Abdulmajeed Wahab     COEASU     Patigi Regatta     Oluwarotimi Boluwatife Adenike     Afeyin-Olukuta     Gani Saadu     Amina El-Imam     Dairo Kunle Paul     Jamila Bio Ibrahim     Bola Ahmed Tinubu     Olayinka Are     Ubandawaki     Olaitan Buraimoh     Kwara Restoration Project     March 18     Isau     Olaiya Lawal     George Funsho Adebayo     Ayinde Oyepitan