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.

Lanwa     March 28     Kehinde Baale     Rice Farmers Association Of Nigeria     Yakub Ali-Agan     Olatomiwa Williams     Adegoke Bamidele     Osuwa     Kwara Basketball Association     Dauda Adeniran Adeshola     Dan Iya Of Ilorin     Saeedat Aliyu     Shettima Of Ilorin     08001000100     Joseph Offorjama     College Of Education     Budo-Egba     Abdulganiyu AbdulAzeez     Sadiq Umar     Abdulraheem Yusuf     Amuda Musbau     Ridhwanullah Al-Ilory     MAI Akande     Adeleke Ogungbe     Chemiroy Nigeria Limited     Garba Idris Ajia     Elesie Of Esie     Ramadhan     Nnazua     College Of Health     Shettima     Taofik Abdulkareem Babaita     Suwa-Arabs     Raliat Elelu-Habeeb     Woro     Umaru Saro     Sango-UITH Road     Idiagbon     ITEM 7     Ayobami Seriki     Ali Ahmad     Amuda Bembe     Bola Shagaya     Aisha Ahman Pategi     KFA     Oladimeji Thompson     Diagnostic Centre     Adesoye College     Mamatu Abdullahi     National Information Technology Development Agency     Michael Nzwekwe     Local Government Pension Board     Goodluck Jonathan     Garment Factory     Ilesha-Baruba-Gwanara     Metro Park     Kamaldeen Gambari     Moshood Kashimawo Abiola     Dagbalodo     Arinola Lawal     TIC     Countryside Emerging Leaders Fellowship     Suleiman Abubakar     Najim Yaasin     Alapado     Bank Of Industry     Vasolar-Kwara Company Ltd     Lanre Badmas     Jaiz Bank     Neo Mundo Ltd     Ebun-Olu Adegboruwa     Muhammad Yahya     Ambassador Kayode Laro     Rueben Parejo     Awoye     Ahmad Belgore     Eghe Igbinehin    

Cloud Tag: What's trending

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

Yakubu Dogara     Yusuf A. Usman     Magaji Nda     Kale Bayero     Senate Presidency     Ilorin Curfew     EndSARS     Aliyu Kora Sabi     TETFUND     Yoruba     Mahe Abdulkadir     Valsolar Consultoria     Shero     Yakubu Danladi     Women For Change And Development Initiative     Ben Duntoye     Abatemi-Usman     Haashim Initiative For Community Advancement     Kwara Central     Abdulmajeed Wahab     Kale Kawu     Jamiu Oyawoye     Shuaibu Yaman     Sulyman Abdulkareem     Sabitiyu Grillo     Ilorin Amusement Park     Muyideen Ajani Bello     Abdulrazaq Sanni     Budo Egba     Salihu Jibril Garbi     Oluronke Adeyemi     Oba Abu     Kwara State Geographic Information Service     Seni Saraki     Olaitan Adefila     Valsolar-Kwara Company Limited     Lateef Ademola Olatunji     The Herald     Kwara State Coalition Of Business And Professional Associations     Towobola Abdulrahman Toyin     Afolabi-Oshatimehin Adenike Harriet     Adamu Attah     Issa Baba     Kazeem Adekanye     Saadatu Modibbo-Kawu     Bayo Ojo     Ebola     Goodluck Jonathan     Bolakale Saka     Imodoye Writer’s Enclave     Ganiyu Abolarin     Amosa     Is\'haq Modibbo Kawu     Hakeem Idris     Gobirawa     Dunmade     Abdullahi Imam Abdullahi     Post-utme     Hajj     Kwara State Internal Revenue Service     Madawaki Of Ilorin     Garment Factory     Oasis Muslim Care Foundation     Sayomi     Siddiq Adebayo Idowu Salawu     NSCIA     Labour Party     Henry Makinwa     Salami Adekunle     Kayode Ibrahim     Oluranti Idowu     Ola Falade     Yaman     Student Learning Support Helpline     Lithium     Esuwoye     Olatunji Moronfoye