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.

Aremu Odolaye     Olatunde Olukoya     11th Galadima     Bolakale Ayo     Countryside Emerging Leaders Fellowship     Alumni Association Of The Federal Polytechnic Offa     Yusuf Lanre Badmas     Moses Adekanye     IHS     Bello Taoheed Abubakar     Ilorin International Airport     Col. Taiwo     Imodoye Writer’s Enclave     Unicontinental Construction Company     Babaloja-General     Ilorin General Hospital     Solomon Edojah     Kolade Solagberu     Shehu Adaramaja     Ilorin Emirate Stakeholders Forum     Onilu     Muyiwa Oladipo Kanu     Saheed Popoola     State Bureau Of Internal Revenue     Olatunji Ibrahim     Earlyon Technologies     Amasa     Waziri Yakubu Gobir     Ayobami Akanbi     Kwara State Television     Onikijipa     Apaola     Academic Staff Union Of Universities     Ronke Adeyemi     Soffiyyallah Kamaldeen     Adesoye College     AbdulGafar Tosho     Ibrahim Issa Jetti     Abdulkadir Akanbi-Oke     Saheed Alakoso     National Pilot     Muslim Media Watch Group Of Nigeria     ASKOMP     Bashir Badawi     Sherif Shagaya     Bayo Ojo     Samuel Elizabeth Keatswa     Abdulmumini AbdulRazaq     Peter Amogbonjaye     Sheikh Hamzat Yusuf Ariyibi     Ajase-Ipo     Markaz Arabic And Islamic Training Institute, Agege     Kwara State Football Association     Toun Okewale-Sonaiya     Yusuf A. Usman     Mahmud Babatunde Baker     Ilorin Talaka Parapo (ITP)     Amina El-Imam     Kayode Zubair     Olatunji Ayeni     Idiagbon     Wahab Femi Agbaje     Salary     Sola Saraki University     Egbejila     Danladi     GGDSS Pakata     Admiralty Villa     Seni Saraki     Ahmed Shuaib Buranga     PPS     Goodluck Jonathan     Twitter     Centre For Community Empowerment And Poverty Eradication     Abdulmajeed Wahab     Ridhwanullah Al-Ilory     Suleiman Mora Omar    

Cloud Tag: What's trending

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

Folaranmi Aro     Oloriegbe     Olokoba Abdullahi Ayinla     Olaiya Victor Mobolaji     Femi Oladiji     Maja     Kolade Solagberu     David Adesina     Sobi FM     National Information Technology Development Agency     Onilupeju Of Ilupeju     KWACOBPA     Saliu Mustapha     Kwara     Ilorin Durbar     Idofin     Baba Issa Awoye     Crystal Corner Shops     Usman Alkali Baba     SSA Youth Engagement     Kwara State Governor     Shehu Alimi Foundation     KFA     Galadiman Ngeri     Mumini Ishola Hanafi     Isaac Aderemi Kolawole     Garba Dogo     Benin Republic     AIT Ilorin     Bashirat Bola Bello     Olabode Towoju     GGDSS Pakata     Olusin Of Ijara Isin     Samuel Elizabeth Keatswa     Kwarareports     Government High School (GHS), Adeta     Hikmah AbdulKareem     Abdulwahab Oba     Kubra Kazum     Haliru Yahaya     Mopelola Abdulmaliq-Bashir     Olofa Of Offa     Chief Imam Of Omu-Aran     Yusuf Ali     Majlis For Sadakah, Zakat And Waqf     Iyabo Adewuyi     Abiodun Oyedepo     Bareke     Gurei     Kwara South     Rueben Parejo     Ajeigbe     Dar-Al-Handasah Consultants     Reuben Paraje     Share     Yetunde Balogun     ASUU     Ibrahim Issa Jetti     Sulu Gambari     Falokun-Oja     Saadu Alanamu     IF-K     Seun Bolaji     NURTW     Oluronke Adeyemi     Mukhtar Shagaya     Bayo Ojo     Waheed Ibrahim     Isaac Gbenle     Elewu     Oyedun Juliana Funke     Saduki Lafiagi     Lasiele Alabi Yahaya     Segun Adeniyi     Ebola     Tope Daramola     Adamu Atta