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.

Issa Oloruntogun     Garment Factory     Donatus Ejidike     Danladi     Omotoso Musa     Ayo Adeyemi     Ahmed Saidu Rufai     Temi Kolawole     Millennium Development Goals     Adamu Jemilat-Baki     Computer Based Test     Sheikh Alimi     Owode Market     Abdulrasheed Lafia     Dapo Teni Nig Enterprise     Gwanara     Bluenile Associates     Olubukola Kifayat Adedeji     Abdulganiyu Salahudeen     Yoonus Lawal     Yusuf Zulu-Gambari     Lithium Deposit     Amada Jidda     Musa Ayinla Yeketi     Saad Omo\'ya     Salman Alada     Samuel Elizabeth Keatswa     Moro     Kwara State Infrastructure Development Fund     Centre For Digital Economy     Wahab Issa     Mahmud Ayinla Giwa     ANCOPPS     Law School Scholarship     Emir Of Lafiagi     Ben Duntoye     Malete     Sarafadeen Kayode Akorede     Ayobami Seriki     Police Commissioner     Leke Ogungbe     Bankole Omisore     Chief Of Staff     Yeketi     Eleyele     Kisira     Akanbi-Oke     Abdulmalik Bashir Mopelola Risikatullahi     Abioye Bello     Taofeek Ibraheem     Shuaib Boni Aliyu     Abdulkadir Remi Hawawu     Muhammad-Mustapha Suleiman     March 28     REO CAKES     International Vocational Centre     Twitter     Aliyu Muhammad Saifudeen     Moronfoye     Kola Adesina     James Ayeni     Igbomina     A.E. Afolabi     Shehu Alimi Foundation     Ajayi Okasanmi     State Bureau Of Internal Revenue     Lanre Issa Onilu     Abatemi Usman     Salihu Alhaji Musa     Kwara-SAPZ Project     AbdulGafar Tosho     Ajuloopin     ASKOMP     Abdullahi Saadudeen Alikinla     Saba Mamman Daniel     Aliyu Muyideen     Tunji Arosanyin    

Cloud Tag: What's trending

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

Harrison Osauwagboe     Abubakar Atiku     Moronfoye     Buari Edun     Senior Ibrahim Suleiman     Dasuki Belgore     Sa\'adu Salau     Abubakar Imam     Saheed Alakoso     Ghali Muhammed     Ishaq Abdulkarim     Atiku     Ambassador Kayode Laro     Vasolar     Ahmed Alhasssan     Yahaya Oloriegbe     Diagnostic Centre     Gbajabiamila     Obasanjo     Femi Gbajabiamila     Aremu Odolaye     Seni Saraki     Bola Tinubu     Elewu     Share     Amada Jidda     Oja-Oba     Olatunji Abdulmumeen     Code Of Conduct     Baakini     Ahmad Lawan     Danladi     Pakata Patriots     Muhammed Abdullahi     Christopher Tunji Ayeni     Tescom.kwarastate.gov.ng     Kwara Central     Oluranti Idowu     Mohammed Abdulahi     Olatunji Moronfoye     High Court     Alikinla     Kazeem Gbolagade     Jaigbade Alao     Idris Amosa Oladipo Saidu     Kwarareports.com     Omotosho     Yakub Lai Gobir     Voices Of Tomorrow     Oko-Erin     Government House     Abdullahi Samari     Ilesha Gwanara Road     Sidikat Alaya     Umaru Saro     Kwabes     Offa Descendants Union     Oyeyemi Olasumbo Florence     Riskat Opakunle     Offa Grammer School     07039448763     Afeyin-Olukuta     Ndama Al-hassan     NYSC     Jelili Yusuf     Turaki Of Ilorin     International Aviation College     Sheikh Ridhwanullah El-ilory     Biliaminu Aliu     PPS     Sheikh Hamzat Yusuf Ariyibi     Onilorin Of Ilorin     Tanke Road     John Obuh     Hassan Saliu     Muritala Olarewaju     Siraj Oyewale