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.

Babajide Ajayi     Hamza Usman     JMK Construction Company Limited     Biliaminu Aliu     Ayodele Shittu     Hydro-electric Power Producing Areas Development Commission     Kwarareports     Kazeem Oladepo     Mumini Ishola Hanafi     Gafaru Olayiwola Olorisade     Countryside Emerging Leaders Fellowship     Susan Modupe Oluwole     Funmilayo Mohammed     Matthew Okedare     MAI Akande     Ilorin Airport     Oju Ekun Sarumi     Cornelius Adebayo     Trade Lenda SME Fair     Mohammed Saidu     Oke-Ogun     Hassan A. Saliu     Kola Ologbondiyan     Dorcas Afeniforo     Femtech     Moses Adekanye     Jimoh Saadudeen Muhammed     Rafiu Ibrahim     IsDB     Pacify Labs     Dan-Kazeem     Mope Dasuki Belgore     Aremu Bose Deborah     Oba Of Jebba     Mary Kemi Adeosun     COVID     Post Utme     Garba Ado Sanni     Imam Gambari     Wahab Issa     Musa Yeketi     Durosinlohun Kawu     Yusuf A. Usman     Surajudeen Akanbi     Chief Imam Of Omu-Aran     Madawaki Of Ilorin     Kamoru Kadiri     Yekini Adio     EndSARS     Laolu Saraki     Olupako     Tafida     Ronke Adeyemi     Javed Khan     Kulende     Saka Adeyemo     Abdulraheem Olesin     Oba Abdulraheem     Ileloke     BECE     Senior Special Assistant On Student Affairs     Segun Adeniyi     Ilorin Emirate     Olatunde Michaels     Ademola Kiyesola     Alaiye     Abdulrazaq Adebayo     Eleja Taiwo Banu     Kannike     JUSUN     Chikanda     Jumoke Monsura Gafar     Peter Amogbonjaye     Osinbajo     Bolakale Ayo     SWAN     Bolaji Aladie    

Cloud Tag: What's trending

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

V.O. Abioye     Sunday Otokiti     Tafida Of Ilorin     Sabitiyu Grillo     Aisha Buhari     Ilorin Water Reticulation     Omupo     Olatunji Abdulmumeen     Ahmed Mohammed Rifun     Sadiq Umar     Harafat E. Mukadam     Isiaq Khadeejah     Timothy Akangbe     Bayo Ojo     Kwara State Internal Revenue Service     KwaraLearn     Lotus Bank     Grillo     Kwara     Dairo Kunle Paul     Tunji Arosanyin     Oloriegbe     Shehu Adaramaja     Wahab Femi Agbaje     Magaji Are     Jumoke F. Ajao     Ogbondoroko     Ijagbo     Joshua Adeyemi Adimula     Abubakar Olusola Saraki     Ayegbeni     April 11     Bayo Ajia     CCB     Femi Agbaje     Kwara South     Dan-Kazeem     Eghe Igbinehin     Gbemisola Oguntimehin     Maigida Soludero Transit     AbdulHamid Adi     Abdulraufu Mustapha     Abegunde Goke     Odo-Owa     Tafida     HAMFAT Clinic And Maternity     Budo-Egba     Emir Of Shonga     Abubakar Baba     Kazeem Oladepo     Saliu Mustapha     Roseline Oni Aremu     Muhammed Danjuma     2023 Elections     Umar Sanda Yusuf     Ayinde Oki     Esinrogunjo     Apaola     Abdulganiyu AbdulAzeez     Muyideen Ajani Bello     Bola Tinubu     Garuba Alikinla Shittu     Abdulganiyu Salahudeen     ASKOMP     KWASAA     Magaji Nda     Alaaya     John Obuh     Pilgrims Board     Onikijipa     Sheikh Ariyibi     Moses Afolayan     Kulende-UITH     Wahab Olasupo Egbewole     Afin Descendants Union Of Odo-Owa     Abdulrasheed Akogun     TETFUND