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.

Omotoso Musa     Zulkifli Ibraheem     NFAI     Eleyele     Markaz Arabic And Islamic Training Institute, Agege     Saliu Ajia     Alore     Omupo     Sambo Murtala     Ilorin East     Gambari     Senior Staff Union Of Colleges Of Education     Monsurat Omotosho     Riskat Opakunle     Adesoye     Earlyon Technologies     20 Billion Bond     Joseph Daudu     Gurei     Valsolar-Kwara Company Limited     Olateju Lukman     Kwara Politics     Ishola Balogun Fulani     08001000100     RTEAN     Ilorin Descendants Progressive Union     Leke Ogungbe     Wahab Isa     NITDA     Amusa Bello     Ayo Adeyemi     Taofik Abiodun Ahmed     Funmilayo Oniwa     Mashood Dauda     Hikmah AbdulKareem     Prince Bola Ajibola     Col. Adedipe     Tunde Idiagbon Road     Alaro     Alfa Modibo Belgore     Isiaka Rafiu Mope     Dasuki Belgore     Bursary     Otoge     Bashirat Bola Bello     Jebba     Chief Imam Of Omu-Aran     Elesie Of Esie     Maigidasanma     Bola Tinubu     JSSCE     Kaiama     Isaac Gbenle     First Lady     Afonja Descendants Union     Kola Ologbondiyan     Katibi Ibraheem Adeola     Bareke     Chief Imam Of Lafiagi     Shaykh Luqman Jimoh     Kuliyan Geri     Kwara Polytechnic     Funmilayo Mohammed     Ilorin West     Tinubu     Salman Jawondo     N-Power     Afolasade Opeyemi Kemi     Kehinde Boyede     Okin Biscuits     Adama Isa     Oye Tinuoye     Adam Abdullahi Al-Ilory     Kwara State Governor     Folaranmi Aro     Quareeb Islamic Association     Yekini Adio    

Cloud Tag: What's trending

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

Michael Ologundea     Hassan Oyeleke     Offa Poly     Arca Santa     Shaaba Lafiagi     Lotus Bank     Special Adviser On Digital Innovation     Gani Saadu     Saka Aleshinloye     Federal Road Maintenance Agency     Geri-Alimi Split Diamond Interchange     Centre For Digital Economy     Laboratory-to-Product     Baruten     Saliu Ajibola Ajia     Dankaka     IF-K     Rex Olawoye     Suleiman Abubakar     Al-Adaby     Ilorin Curfew     AGM Professional Services     Umar Ahmed Gunu     Dar-Al-Handasah Consultants     Lola Ashiru     Coalition Of Kwara North Groups     2023 Elections     Oye Tinuoye     Henry Makinwa     IFK     Elekoyangan     Yusuf Aiyedun     Kwara State Fire Service     Segun Olawoyin     Usman Rifun     Rasaq Jimoh     Oba David Oyerinola Adedunmoye     Oluwole Dupe     Oba Abdulkadir La\'aro     Yahaya Seriki     Kwara State Infrastructure Development Fund     ASUU     Hamidat Sulyman-Yusuf     Hijab     Tosin Saraki     Ahmad Belgore     Olanrewju Okanlawon Musa     Anilelerin     National Union Of Road Transport Workers     Saad Omo\'ya     Admiralty Villa     Sola Saraki Educational Foundation     JAAC     Aasiyat Bello Oyedepo     Universal Basic Education Commission     Kwara Basketball Association     Toyin Abdullahi     Ekiti     Ghali Muhammed     Saadu Alanamu     Isau     Onilorin Of Ilorin     Esinrogunjo     Olofa Of Offa     NULGE     Cassava Growers\' Association     Niyi Ogundiran     Femi Agbaje     CBT     KSIRS     Kwara Metro Park     Isiaka Danmeromu     Ahmed \'Lateef     Kwara State Printing And Publishing Corporation     Owu Fall     Yusuf Lawal     Harrison Osauwagboe