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.

Malete     Zulkifli Ibraheem     Olaitan Adefila     Jare Olatundun     Yahaya Abdulkareem Babaita     Taofik Abdulkareem Babaita     A.E. Afolabi     Okanlawon Musa     Lanre Olosunde     Kwara State Geographic Information Service     Memunat Monsuma     Tinubu Legacy Forum     Abdulmajeed Wahab     Muslimah Entrepreneurship Forum     Minister     Arandun     Rafiu Olasile     Jimoh Bashir     Yemi Osinbajo     A.O. Belgore     IESA     Amina El-Imam     Demola Banu     Ekiti     Police Commissioner     Umar Gunu     20 Billion Bond     Adeniyi Ojo     Otunba Taiwo Joseph     Dar-Al-Handasah Consultants     Jalala     Abdullahi Atanda     Umar Saro     Baba Issa     08001000100     Alfa Belgore     Folaranmi Aro     Madawaki     PPS     LAK Jimoh     Ishola Moses Abiodun     Issa Baba     Zubair Folorunsho Erubu     Sola Saraki University     Revenue Court     Oko-Olowo     Aliyu Salihu     Rihanat Ajia     Olokoba Sulyman     Bola Iyabo Ibiyeye Adisa     National Broadcasting Commission     Yomi Ogunsola     Folorunsho Erubu     Atiku     Abdulrahman Iliasu     Mahmud Durosinlohun Atiku     Alikinla     Yusuf Babatunde Abdulwahab     Facemasks     Ubandoma Of Ilorin     Abdulkadir Remi Hawawu     Baakini     Yusuf Abubakar     Ali Ahmad     Tope Daramola     Unilorin     CCT     Adebayo Salami     Aso Ofi     Ramat Oganija     Olatunde Oyeyiola     Halimah Perogi     Abdulrahman Abdulrazaq     Abdul-Rasheed Na\'Allah     Cornelius Adebayo     Moses Adekanye     Issa Manzuma    

Cloud Tag: What's trending

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

Amosa     Babajide Ajayi     Abubakar Atiku     Mubarak Oladosu     Abdullahi Dasilva Yussuf     Asa     Abdulrasheed Akogun     Kwara University Of Education     Afonja     Ibrahim Abikan     Taofeek Sanusi     Yoonus Kola Olatinwo     Vasolar Consortium     Kwarareports     Roheemat Hammed     Baba Isale     Yusuf Olaolu Ali     Ahmed Shuaib Buranga     Ibrahim Labaika     First Lady     Abdulrazaq Solihudeen     College Of Education     Rotimi Samuel Olujide     Shagari     Alaaya     Olubukola Kifayat Adedeji     Ubandoma Of Ilorin     Babatunde Ishola Babaita     Col. Adedipe     Haashim Initiative For Community Advancement     Millennium Development Goals     Ishola Balogun Fulani     Kola Shittu     Musa Abdullahi     Balikis Jawondo     Rebecca Olanrewaju     Alabi Olayemi Abdulrazak     Mohammed Haruna     NIRSAL     Ilorin Innovation Hub     Amuda Aluko     Ilorin Likeminds Foundation     Gbugbu International Market     Lithium     Hauwa Nuru     Mohammed Yahaya Barki     Nupe     Lola Olabayo     Allocation     Idowu Aremu     Lawan     Sam Onile     Ike Ekweremadu     Bureau Of Lands     Maigida     Forgo Battery     Amina El-Imam     Universal Basic Education Commission     Funmi Salau     Moronfoye     Ridwan Agboola     Shehu Alimi Foundation     Iyabo Adewuyi     Sheikh Ariyibi     Muhammed Mahe Abdulkadir     Sarakite     Mary Arinde     Titus Suberu-Ajibola     Kwara     Sarah Jubril     Muhammed Taofeeq Abdulrazaq     Isapa     Bolaji Aladie     Kolawole Akande     Haliru Yahaya     Moshood Mustapha     Bello John Olanrewaju