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.

Salman Alada     Aisha Abodunrin Ibrahim     Amos Justus Sayo     Nigerian Supreme Council For Islamic Affairs     SARS     Ogidi-Oloje     Galland Marcias     Adesina Simon Sodiya     AbdulRauf Keji     Al-Hikmah University     Kwara State Branch Of The National Library     Titus Suberu-Ajibola     Kolawole Bashirat     Olumide Daniel Ibitoye     Towobola Abdulrahman Toyin     Olayinka Jelili Yusuf     Akanji     Razaq Atunwa     Isaac Aderemi Kolawole     Colleges Of Education Academic Staff Union     Kamaldeen Gambari     Special Agro-industrial Processing Zone     Seed Technologies     Zulkifli Ibraheem     Ejidongari     Atiku Abubakar     Orisa Bridge     Kwha.gov.ng     Sebastine Obasi     Arinola Lawal     Rebecca Bake     Sa\'adu Salau     Musa Alhassan Buge     Post Utme     Gbugbu     Abdulmalik Bashir Mopelola Risikatullahi     Ajuloopin     Funmi Salau     Ojuekun     Ndama Al-hassan     Onikijipa     ARMTI     QuickWin     Sam Okaula     Bola Sagaya     Quran     Osinbajo     Labour Party     Park     Razak Atunwa     Amosa     Ilorin Emirate     Minister     Omu Aran     Jimba Babatunde     Esinniobiwa Quareeb     Idris Garuba     Adijat Adebiyi     Otuka     Mahmud Durosinlohun Atiku     Ajakaye     Kubra Kazum     Shuaib Abdulkadir     Joseph Daudu     Igbomina     Oke-Kura     Ibrahim Mashood     Lawal Jimoh     Fola Consultant     Rafiu Olasile     Lawan     Quareeb Islamic Association     Junior Secondary School Certificate Examinations     Micheal Imoudu     Ilorin Airport     Idiagbon     Alfa Modibo Belgore    

Cloud Tag: What's trending

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

Ado Ibrahim     CACOVID     NIPR     TIIDELab     Olabanji Orilonishe     Sheriff Olanrewaju     Isiaq Khadeejah     Samuel Elizabeth Keatswa     Ebola     Bukola Ajikobi     Saidu Isa     Yeketi     Oladimeji Thompson     Aminu Adisa Logun     Muhammed Akanbi     Tayo Alao     Suleiman Idris     Ramadan     Dunmade     Ilorin West/Asa Federal Constituency     Odo-Owa     Saliu Shola Taofeek     Okedare     NTA Ilorin     Congress For National Consensus     Lanre Jimoh     Principal Private Secretary     A.O. Belgore     MAI Akande     Saka Balikis Kehinde     Patience Jonathan     Bilikisu Gambari     Borgu     Femi Gbajabiamila     Elerin Of Adanla Irese     Agbarere     Elections     Habeeb Abdullahi Al-Ilory     International Vocational Centre     Justina Oha     Oloyede     CCEPE     Senate President     Michael Nzekwe     Tuesday Assayomo     Sa\'adu Gambari     Saadu Alanamu     Abdulfatai Ahmed     Ishak Mohammed Sabi     MINILS     Nigerian Army     Tanke Road     Clement Yomi Adeboye     Okasanmi Ajayi     Kwara State Governor     Lanwa     Kayode Oyin Zubair     Iyabo Adisa Ibiyeye     Haashim Initiative For Community Advancement     Umaru Saro     Abdulmutalib Shittu     IYA YUSUF     Saadu Gbogbo Iwe     Sarah Jubril     UNILORIN Alumni     Toyin Sanusi     IFK     Siddiq Adebayo Idowu Salawu     Raheem Adaramaja     Yakub Lai Gobir     Mumini Ishola Hanafi     Isapa     Muritala Awodun     Haruna Tambiri Mohammed     Abdulahi Abubakar Bata     Abdulkadir Jimoh     Lola Ashiru