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.

New Nigeria People’s Party     Abdulmumini AbdulRazaq     Aro Yahaya     Ahmed Bolaji Nagode     Ado Bayero     Niguel Gallando Marcias     Sheikh Ridhwanullah El-ilory     Oyawoye     Ahmad Ali     Abdulsalam Firdaous Amosa     Naira Redesign     Allocation     Hausa     Hussein Oloyede     Moshood Mustapha     Universal Basic Education Commission     Coalition Of Kwara North Groups     Razak Atunwa     Salmon Babatunde Salmon     Christopher Odetunde     Yusuf Amuda Gobir     Idowu Laro     Ishola Moses Abiodun     Salaudeen Oyewale     John Mayokun Dada     Ola Falade     Owu Fall     Congress For National Consensus     Bolaji Nagode     Abdullahi Saadudeen Alikinla     Ilesha-Baruba     Hydroelectric Power Producing Areas Development Commission     Oloriegbe     Agor     Saheed Popoola     Abdulganiyu Oladosu     Sheikh Hamzat Yusuf Ariyibi     Olukotun Of Ikotun     Valsolar Consultoria     Yusuf Lawal     Olatunji Moronfoye     Oloyede     Sabi     Pilgrims Board     Aisha Gobir     Haleeman Salman     Clement Yomi Adeboye     Ayoade Akinnibosun     Sa\'adatu Modibbo-Kawu     Afolabi-Oshatimehin Adenike Harriet     Ben Duntoye     Solomon Edojah     Saraki     Ejidongari     Oluranti Idowu     Kpotum Mohammed Baba     Muritala Olarewaju     Olomu     Ayegbeni     Offa Descendants Union     Quran     Yusuf Mubarak     Khadijat Ayoola Yusuf     Maryam Nurudeen     Kumbi Titiloye     James Ayeni     Salman Jawondo     Saliu Tunde Bello     Bareke     Rueben Parejo     Road Transport Employers Association Of Nigeria     COVID     Alao Ayotunde     Ahman Pategi     Otunba Taiwo Joseph     Sulyman Abdulkareem     Just Event Online    

Cloud Tag: What's trending

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

Sheikh Ariyibi     Olomu     Samuel Olusegun Adedayo     Laboratory-to-Product     Tsaragi     Abdulganiyu Salahudeen     Taofik Mustapha     Ahmad Olayiwola Kamaldeen     Abdulrazaq Adebayo     Arandun     Simeon Sayomi     Taofik Abiodun Ahmed     Lai Gobir     Abdulrauf Yusuf     Muyiwa Oladipo Kanu     Elerin Of Adanla Irese     Abubakar B.M     David Adesina     Bareke     National Information Technology Development Agency     Federal College Of Education (Special), Afon     Ibrahim Taiwo Road     Adegoke Bamidele     Moro     Monthly Sanitation Exercise     Kwara Apc     Afonja     CELF     Micheal Imoudu     Muritala Olarewaju     Bola Ahmed Tinubu     Isaac Aderemi Kolawole     Gbugbu International Market     Funmilayo Zubair     Mohammed Abduraheem     Yekeen Alabi     Mike Omotosho     Voices Of Tomorrow     Oke-Ero     Muslimah Entrepreneurship Forum     New Model Police Station     Ishola Moses Abiodun     KWTV     Peculiar Allowance     Saheed Popoola     Congress For National Consensus     KWIRS     Zubair Folorunsho Erubu     Yahaya A Paniyaro     Olabode George Towoju     Isiaka Saka Opobiyi     Aliyu Kora-Sabi     Pilgrims Board     Rebecca Olanrewaju     NYSC     Damilola Yusuf Adelodun     Oro Grammar School Old Students Association     Shehu Jimoh     Sam Onile     Soffiyyallah Kamaldeen     Suwa-Arabs     Nupe     Sodiya     N-Power     Oba Abdulkadir La\'aro     Wahab Olasupo Egbewole     Rotimi Oyedepo     Tunde Saad     Abdulkadir Orire     Emmanuel Olatunji Adesoye     Ilorin Central Mosque     Abdulrazaq Aiyelabegan     March 28     CACOVID     Ramadan     Lanre Issa Onilu     Aliyu Kora Sabi