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.

Sam Onile     M.Y. Abdulrahaman     Okanlawon Musa     Forgo Battery Company Limited     Falokun-Oja     Segun Adeniyi     Ayodele Kuburat Olaosebikan     CCB     Nnazua     Modupe Oluwole     Awwal Jawondo     Rebecca Olanrewaju     Tosin Saraki     Kola Bukoye     Alagbado     Bayer Nigeria Limited     Musa Yeketi     Jumoke F. Ajao     Isiaka Gold     Police Commissioner     Olatunde Jare     Saliu Ajibola Ajia     Clara Nwachukwu     NAWOJ     Bamidele Aluko     Okin High School     Galadiman Ngeri     Emir Of Ilorin     Abdullahi Samari     Abdul-Rasheed Na\'Allah     Oladipo Akanmu Tolani     Oro Grammar School Old Students Association     Adebara     KWSIEC     Abdulmumin Yinka Ajia     Funmilayo Braithwaite     Nigerian Medical Association     Yakubu Danladi     Ilorin Anchor Men And Women     Offa Poly     Valsolar     Ilesha-Gwanara     Ilorin Curfew     Moronfoye     Ishaq Oloyede     Mashood Abdulrafiu Agboola     Suleiman Mora Omar     Dar-Al-Handasah Consultants     Bola Olukoju     Sulu Babaita Isiaka     Iyabo Adewuyi     Amasa     2023 Elections     A.G.F Abdulrasaq     Sobi     Abdul Jimoh Mohammed     Olusola Saraki     Amuda Bembe     Muhammadu Buhari     Yahaya Seriki     Muideen Olaniyi Alalade     COEASU     Kolo     Oko     Abdulhakeem Adelaja Amao     Ayodele Shittu     Oya State     Memunat Monsuma     Otunba Taiwo Joseph     Abiodun Oyedepo     Popo-Igbonna     08001000100     Ijagbo Health Centre     Shero     Kayode Oyin-Zubair     AbdulGaniyu Kareem     Roheemat Hammed    

Cloud Tag: What's trending

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

Yahaya Seriki     A.O. Belgore     Yusuf Amuda Abubakar     Opobiyi     Salake     Abdullateef Abdussalam     Yusuf Amuda Gobir     Bola Iyabo Ibiyeye Adisa     Akom Construction And Engineering Synergy Ltd     Ahmed Idris Mohammed     Zainab Abass     Ibrahim Oloriegbe     Maryam Nurudeen     Afetu Of Alabe     Abdul-Rahoof Bello     Arca Santa     Ayeyemi Sulaiman     Federal Polytechnic Offa     Alapado     Sheikh Alimi     Imodoye Writer’s Enclave     Offa     Kwara Metro Park     Ilorin Talaka Parapo (ITP)     Usman Alkali Baba     Standard Organization Of Nigeria     Ajuloopin     UNIFEMGA     Yusuf Lawal     Daud Adeshola     IsDB     Dan Iya Of Ilorin     Prince Bola Ajibola     Haliru Yahaya     Otunba Taiwo Joseph     Ajia-Bako     Wahab Egbewole     Oba Abu     Edret Sabi Abel     Ilofa     Kayode Bankole     Government Girls’ Day Secondary School Pakata     Olatunji Ibrahim     Olokoba Abdullahi Ayinla     GANZY     Bilikisu Oniyangi     Eruku     Alore     Niyi Osundare     Ilesha-Baruba     Sodiya     Association Of Kwara State Online Media Practitioners     Ajibola Ademola Julius     Ahmad Olanrewaju Belgore     Ohoro Of Shao     Abdullahi AbdulMajeed     Shonga     Hijab     Shero     Garba Idris Ajia     State Bureau Of Internal Revenue     Yahaya Seriki Gambari     Hassanat Bello     Sango-UITH Road     Council Of The Wise     Fatai Garuba Labaka     Marafan Shonga     Oye Tinuoye     IPSAS     Logun     Oko     Abubakar Baba Sulaiman     Kunbi Titiloye     Erubu Oba Zubair     Farouk Salim     Salary     Mohammed Kamaludeen