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.

Mope Dasuki Belgore     Bamidele Adegoke Oladimeji     University Road     COVID-19 Palliatives     Vishvas KOZ Tractors     Igbomina     Makama     Kwara NIPR     Alaiye     Federal College Of Education (Special), Afon     Abdullah Janet Amudat     Sidikat Uthman Ajibola     Muhammad Toyin Sanusi     Flights To Ilorin     MINILS     Sobi Specialist Hospital     Baakini     Kwara Hotel     Lai Mohammed     Senior Staff Union Of Colleges Of Education     Moremi High School     Rex Olawoye     Bello Oyedepo     George Funsho Adebayo     Simon Sayomi     JAAC     Sola Saraki Educational Foundation     Kayode Zubair     Abubakar Baba     Federal Polytechnic Offa     Balikis Jawondo     Damilola Yusuf     Abdulraheem Olesin     Oluwatoyin Lukman     Abdulrazak Shehu Akorede     Al-Ilory     Modibbo Kawu     Wasiu Onidugbe     Adeleke Ogungbe     Afeyin-Olukuta     Seni Saraki     Abubakar Usman Jos     Aliyu Alhassan     Ilorin Like-Minds     Abubakar Abdulraheem     Convocation Ceremonies     Suleiman Idris     Emmanuel Olatunji Adesoye     Hamidat Sulyman-Yusuf     Ibraheem Abdullateef     Baba Adini Of Kwara State     Apaokagi     SSA Youth Engagement     Oba Abdulraheem     Village Alive Development Association     Towoju     Alliance For Democracy     National Association Of Nigerian Students     Aliyu Salihu     Idofin     Offa Poly     Jimba Babatunde     Mary Arinde     Crystal Corner Shops     AbdulRazaq Jiddah     Aisha Ahman-Pategi     Okoolowo     The Herald     School Of Nursing     Garba Ayodele Wahab     Kwara Apc     Balogin Alanamu     CCB     Alabere     Yahaya Seriki     Tescom.kwarastate.gov.ng     International Public Sector Accounting Standards    

Cloud Tag: What's trending

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

Ladi Hassan     Isiaka Gold     Buhari     Funmilayo Oniwa     Oke-Ode     Otoge     Shaykh Luqman Jimoh     Iliasu     Abdulkadir Bolakale Sakariyah     AbdulHakeem Ajibola Akanbi     International Public Sector Accounting Standards     Zara Umar     Azeez Salawu     Bashirat Bola Bello     Ganmo     Mahe Abdulkadir     Ilorin Descendants Progressive Union     Ilorin Durbar     Ilorin South     Olayinka Olaogun     Forgo Battery Company Limited     Saadu Gbogbo Iwe     NIPOGA     Yemi Osinbajo     Moshood Bakare     Amuda Bembe     Quarry Royal Valley     Rex Olawoye     Kwara State Internal Revenue Service     Ibrahim Abdulqadir Abikan     Umar Bayo Abdulwahab     Shehu Alimi Foundation For Peace And Development     Al-Hikmah Radio     Moses Afolayan     Wahab Femi Agbaje     Agor     Oke Sunna     Peter Obi     Akande Idowu Ayoola Muhammed     Kayode Oyin-Zubair     Bello Taoheed Abubakar     Dan Iya Of Ilorin     FOMWAN     Ilorin Emirate     IF-K     Kwara State Fish Farmers Association     Abdul-Rasheed Na\'Allah     Sabi     Amosa     KWACOBPA     NURTW     Sa\'adu Salau     Revenue Court     Saka Aleshinloye     Aminu Ado Bayero     Onilorin     Muhammadu Gobir     Abdullahi Atanda     Kayode Ibrahim     Matthew Babaoye     Abdulwasiu Bolaji Adeyi     Oko-Olowo     Yusuf Zulu-Gambari     Al-Adaby     Chief Imam Of Ilorin     Ajasse-Ipo     Ibrahim Labaika     Gbemisola Saraki     Quranic Recitation Competition     National Association Of Nigerian Students     Haashim Initiative For Community Advancement     Abiodun Musa Aibinu     Michael Imoudu National Institute For Labour Studies     BIR     Yusuf Ibitokun Sherifat     Idris Amosa Oladipo Saidu     Lanre Issa Onilu