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.

Standard Organization Of Nigeria     Sardauna     Universal Basic Education Commission     IYA YUSUF     Apado     Doyin Group     KWSIEC     Ifelodun     Yahaya Abdulkareem Babaita     Gbugbu International Market     Majlis For Sadakah, Zakat And Waqf     Shuaib Jawondo     Bamidele Adegoke     Muslim Cementary     Busari Toyin Isiaka     Mufutau Olatinwo     Tunde Idiagbon Road     Lanre Badmus     Michael Nzwekwe     Abdulwahab Olarewaju Issa     Ilorin West/Asa Federal Constituency     Asa LGEA School     Kwara State Pension Board     Jare Olatundun     Olomu Of Omu-Aran     Mohammed Abduraheem     Hajj     Abubakar Atiku     Kale Bayero     Talaka Parapo     Yusuf Babatunde Abdulwahab     Afolayan     Kwara Volleyball Association     Kwara 2019     Jeunkunu-Malete-Bani     Charcoal     Akande Idowu Ayoola Muhammed     Olaosebikan     General Tunde Idiagbon International Airport Ilorin     Bola Olukoju     Durosinlohun Atiku     Kumbi Titiloye     Balogun-Ojomu     Facemasks     Ayedun     Elelu     Yusuf Zulu-Gambari     Hakeem Idris     Yakubu Danladi     Henry Makinwa     Ibraheem Adeola Katibi     Simeon Ajibola     Sarkin Malamai     Suleiman Ajadi     Idiagbon     Abdulrahman Iliasu     Olota Of Odo-Owa     Oro Grammar School Old Students Association     Olaitan Adefila     Olumide Daniel Ibitoye     Omotosho     Ahmad Lawan     Saliu Mustapha     Rice Farmers Association Of Nigeria     Lanre Issa Onilu     Ezekiel Yissa Benjamin     Sango-UITH Road     ASKOMP     Elerin Of Erin-Ile     Grillo     All Peoples Party     Chartered Institute Of Personnel Management Of Nigeria     Alfa Belgore     Issa Memunat Moyosore     Wahab Kunle Shittu     Wahab Femi Agbaje     Abikan    

Cloud Tag: What's trending

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

Gbadeyan Gbadura Yomi     Issa Oloruntogun     Rafiu Ibrahim     Third Estate     Kwara 2019     Bisi Oyeleke     AGILE Programme     Iyabo Adewuyi     Ilorin Innovation Hub     Anilelerin     Idofin     JAMB     IYA ALFA NLA     Ganmo     Law School Scholarship     Government Girls’ Day Secondary School Pakata     Majlis For Sadakah, Zakat And Waqf     Shuaibu Yaman     KWATMA     Doyin Agbamu     Oluwatoyin Lukman     Sidikat Uthman Ajibola     Local Government     REO CAKES     Wahab Femi Agbaje     Roseline Oni Aremu     Kazeem Oladepo     Gbenga Adebayo     Kwara Teaching Service Commission     Bio Ibrahim     Valsolar     Taofeek Ibraheem     Sidikat Akaje     Abubakar Ndakene     Obayomi Azeez     Rafiu Ajakaye     Saadu Yusuf     Abdullahi Imam Abdullahi     Tope Daramola     April 11     Imam Gambari     Iyaloja-General     Yemi Osinbajo     Nigerian Army     Kunbi Titiloye     Shagari     Press Release     Societe Generale Bank Of Nigeria     Patigi Regatta     Mohammed Yisa     GANZY     Ijagbo Health Centre     David Adesina     Michael Nzekwe     Saad Omo Iya     Olatunde Oyeyiola     Abdulmajeed Wahab     Adeola Abraham     Abubakar Abdullahi Bata     Www.Kwarareports.com     Bature Bello     Park     Gbugbu International Market     Mohammed Kamaludeen     Olawuyi     Siraj Oyewale     Abdulfatah Ahmed     Haleeman Salman     Yakub Lai Gobir     Kwara University Of Education     Wahab Agbaje     Eghe Igbinehi     Risikat Lawal     Afonja Descendants Union     Jide Oyinloye     Idris Garuba     Moshood Bakare