Kwara Express shutdown for alleged fraud

Date: 2020-10-11

AUTHORITIES of Harmony Transport Services Limited otherwise known as Kwara Express have temporarily shut down the Kwara State government owned transport company for alleged fraud and gross staff indiscipline.

Owners of the company, Kwara Harmony Holdings Limited added that plans are afoot to review the operations of the company in order to remodel it for profitability and sustainability.

Accordingly, owners of transport company have set up a probe panel set up to review and investigate company's operations and activities so as to determine its future.

Group Managing Director of Harmony Holdings Limited Abdullahi AbdulMajeed attributed the temporary closure of the company to age-long systematic fraud allegedly perpetrated by the company's staff as well as their resistance to positive change.

Mr. AbdulMajeed said the rot in the company when it was a public corporation hindered it from being run profitably, adding that that necessitated it acquisition by Harmony Holdings which is the investment management company of the Kwara state government.

He observed that despite its acquisition Kwara Express is still being dogged by absence of corporate governance, accountability, ineffective cost structure, noting that all these vices are now being investigated.

Source

 

Cloud Tag: What's trending

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

Muftau Akanbi Oke     Nigeria Association Of Women Journalists     Abdulkadri Ahmad Alaiye     Apaokagi     Kwarareports.com     Asiwaju Bola Tinubu     Muhammadu Gobir     Saad Belgore     Gabriel Fashanu     AbdulRazaq AbduMajeed Alaro     RTEAN     Ibrahim Mohammed     Oba Abdulraheem     Igbaja     Ado Ibrahim     Tunde Oyawoye     REO CAKES     Baaziki Sulaiman     Share/Tsaragi     Mary Kemi Adeosun     Paul Olawoore     Ajakaye     Saliu Shola Taofeek     Kolawole Bashirat     MAI Akande     Kunbi Titiloye     Surajudeen Akanbi     Raliat AbdulRazaq     JUSUN     Isiaka Rafiu Mope     Suleiman Abubakar     Hijaab     Offa Poly     Hussein Oloyede     Olukotun Of Ikotun     Edu     Sobi Specialist Hospital     Muhammad Yahya     Ghali Muhammed     Henry Olaosebikan     Alikinla     Oloye     Salman Alada     Idi-Ape     John Kehinde Salako     Dar-Al-Handasah Consultants     Amina El-Imam     Magaji Are     Bilikisu Gambari     Facebook     KW-GIS     Kulende     Kola Ologbondiyan     Babajide Ajayi     Imam Gambari     Ilorin Water Reticulation     Oyelere Oyinloye     Abdulrazaq Akorede     Kwara Pdp     07039448763     Kwara State Football Association     Muhammed Akanbi     Olomu     Amuda Aluko     Makama Of Ilorin     Abdulrasheed Lafia     Pilgrims Board     Ilorin Likeminds Foundation     Abdulrasheed Na\'Allah     Abdulmajeed Wahab     Kale Ayo     Oke-Kura     Ogidi-Oloje     Orire     3MTT     Aliyu Kora Sabi     Isiaka Alikinla    

Cloud Tag: What's trending

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

Dagbalodo     Ethical College     Yusuf Abubakar     Afonja Descendants Union     Jimoh Lambe Abdulkareem     Sheriff Olanrewaju     Tanke     Haruna Tambiri Mohammed     Saad Omo\'ya     Ajayi Okasanmi     Okiki     Abdulfatai Ahmed     Azeez Salawu     Nagode     Khairat Gwadabe     Ilofa     Photo News     Joseph Yemi Ajayi     Olaoye B. Felix     Aliyu Umar     Sulyman Age AbdulKareem     Ope Saraki     Teachers Specific Allowance     Adamu B. Yaqubu     Mansurat Amuda-Kannike     Sulu Babaita Isiaka     Saka Abimbola Isau     IHS Towers     Ita-Nmo Market     Mohammed Jimoh Faworaja     Fatima Abolore Jimoh     Muhammed Danjuma     Okanlawon Musa     Makama Of Ilorin     Memunat Monsuma     Segun Olawoyin     Otunba Taiwo Joseph     Col. Taiwo     Michael Ologundea     Toyin Abdullahi     Basic Education Certificate Examination     Ibraheem Adeola Katibi     Bello Bature     Damilola Yusuf     Iyabo Dupe Adekeye     Abdulrosheed Okiki     Ilota     Yaru     Ayo Adeyemi     Bond     Sheikh Ridhwanullah El-ilory     Kwara 2019     Ambassador Kayode Laro     TESCOM 2025     Muslim Stakeholders Of Kwara State     KWSUED     Afeyin-Olukuta     Elesie Of Esie     Isiaka Yusuf     Centre For Community Empowerment And Poverty Eradication     Oja-Oba     Muazam Nayaya     Esinrogunjo     REO CAKES     Olatunji Moronfoye     Ilesha-Gwanara     Rashidi Yekini     Marufat Oladosu     Idiagbon     Yahaya Abdulkareem Babaita     MAI Akande     Ayobola Ipinlaiye     Ilorin West     Waziri Yakubu Gobir     Pacify Labs     Nupe     Kunle Akogun