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.

UITH     Mahee Abdulkadir     Yetunde Balogun     Hakeem Idris     Kishira     Lithium Deposit     Victor Gbenga Yusuf     Kale Belgore     James Kolo     Aso Ofi     Egbewole     Tunde Idiagbon Road     HYPPADEC     Abdullah Janet Amudat     Isiaka Abdulrazak     Abdulrahman Abdulrazak     Kudirat Arinola Lawal     Tunji Folami     Iponrin     Hakeem Lawal     Agor     Oladimeji Thompson     Societe Generale Bank Of Nigeria     Gobirawa     Sarah Alade     Magaji Erubu     Babaita     Otuka     John Obuh     Just Event Online     Rachael Obisesan     Jimoh Saadudeen Muhammed     Awili Pedro     Special Agro-Industrial Hub     Mohammed Khadijat Kubura     Abdulfatai Salman Baakini     AbdulRazaq AbduMajeed Alaro     Lafia Aliyu Korasabi     Tunji Oyawoye     Sarafadeen Kayode Akorede     Kwara Pdp     Tsaragi     Ajuloopin     Owu Fall     Abdul Jimoh Mohammed     Osuwa     Abdulrasaq Alaro     Falokun-Oja     Mohammed Abduraheem     Shettima     Ilorin Innovation Hub     Olaitan Buraimoh     Bola Iyabo Ibiyeye Adisa     Salman Suleiman     Yunus Lawal     College Of Health     Bamidele Adegoke Oladimeji     Michael Ologundea     Oloye     CBT     Kawu     Ahmed \'Lateef     Monkey Pox     Ishaq Oloyede     Abdulrazaq Solihudeen     Funke Adedoyin     Yashikira     Yusuf Arowosaye     Mohammed Alabi Lawal     Temitope Ogunbanke     Akom Construction And Engineering Synergy Ltd     Moses Rahman Popoola     Sheikh Hamzat Yusuf Ariyibi     Yahaya Jibril Usman     Mohammed Ibrahim     Oke-Ogun     Isiaka Saka Opobiyi    

Cloud Tag: What's trending

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

Saka Onimago     Guber Aspirant     Timothy Olatunde Fadipe     PPS     Mope Dasuki Belgore     Tinubu     Razak Atunwa     Sam Okaula     Saidu Yaro Musa     PAACO-PCL Consortium     Salman Jawondo     Tayo Awodiji     Standard Organization Of Nigeria     Tinubu Legacy Forum     Chief Imam Of Ilorin     AbdulRahman Saad     Femtech     Congress For National Consensus     Haliru Yahaya     NNPP     Lawal Arinola Kudirat     Code Of Conduct Bureau     Owode Market     AbdulGaniyu Kareem     Zubair Folorunsho Erubu     Abdullahi Dasilva Yussuf     Yemi Sanni     Basit Olatunji     Abdulsalam Firdaous Amosa     Abdulganiyu Salahudeen     Olufolake Abdulrazaq     COEASU     Hameed Oladipupo Ali     Ibrahim Abdullahi     Toyosi Thomas     YAKOOYO     Timothy Akangbe     IDPU     Kupchi Hosea Maxwell     Face Masks     Joseph Daudu     S.O. Opowoye     Toun Okewale-Sonaiya     20 Billion Bond     Suleman Abubakar     Ali Ahmad     Ilorin East     Moshood Bakare     Fatai Adeniyi Garba     Egbewole     Pategi     Dan Masanin     Oyeyemi Olasumbo Florence     Emir Of Yashikira     Muhammad Mustapha Suleiman     Igosun     Alao Ayotunde     Oke-Ode     Orisa Bridge     Ifelodun     PharmAccess Foundation     Iyabo Dupe Adekeye     Ballah     Mohammed Yahaya Barki     Paul Odama     Jide Oyinloye     Zulkifli Ibraheem     Abdulrasheed Akogun     Garuba Alikinla Shittu     Yahaya Muhammad     Jimoh Akani     Adijat Adebiyi     Olaitan Adefila     Fareedah Dankaka     Kannike     Mujtabah Bature     Saheed Akinwumi