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     Naira Redesign     Mamman Saba Jibril     Smart School     TESCOM     Abioye Bello     Chief Imam Of Ilorin     Adeola Abraham     Ibrahim Abdulkadir Abikan     Ahmad Ali     Bayo Onimago     John Mayokun Dada     Ilorin Innovation Hub     Asiwaju Bola Tinubu     Simeon Sule Ajibola     20 Billion Bond     Amina El-Imam     Senate     Oba Abu     Kwara Coalition Of Business And Professional Associations     Ibrahim Oniye     Senior Staff Union Of Colleges Of Education     Ilorin Muslim Community     Folajimi Aleshinloye     Kwara Consultative Forum     Kwara North     Joseph Daudu     Olugbense     Oro Grammar School     Ahmad Lawan     Kunle Okeowo     Kwara-SAPZ Project     Bature Bello     Mary Arinde     Shehu Alimi Foundation For Peace And Development     Pacify Labs     Kwara Muslim Pilgrims Welfare Board     Busari Alabi Alausa     Yusuf A. Usman     Harmony Holdings     Al-Ilory     Usman Yunusa     Abubakar Abdulraheem     Ishaq Oloyede     Democracy Day     Muhammad Fawaz Abubakar     Isiaka Abdulrazak     Jawondo     Theophilus Oyebiyi     Abdulrahman Onikijipa     KWIRS     Olushola Saraki     Metro Park     Sun Qing Rong     Makama Of Ilorin     Florence Saraki     Labaeka     Hussein Olokooba     Abdulrosheed Okiki     Abiodun Jacob Ajiboye     Rebecca Bake     Abdulquowiyu Olododo     Ella Supreme Tissue Paper     ENetSuD     Olaiya Victor Mobolaji     Monsurat Omotosho     Olatunji Bamgbola     Ahmed Shuaib Buranga     Lawal Olohungbebe     Esinniobiwa Quareeb     Firdaos Amasa     Mary Kemi Adeosun     Hydro-electric Power Producing Areas Development Commission     Wahab Agbaje     Sulu Babaita Isiaka     Ilorin Curfew     Bukola Ajikobi    

Cloud Tag: What's trending

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

Bello Taoheed Abubakar     Quareeb     Kwara State Sports Commission     Oke-Ero     NIPOGA     Obuh     Oloyede     Egbewole     PPS     Joseph Daudu     CCEPE     Tinubu     Lola Olabayo     Shehu Alimi Foundation     Saadatu Modibbo-Kawu     Moremi High School     Osi     Gamji Members Association     Mohammed Ghali Alaaya     Oloye     Iliasu     Mary Kemi Adeosun     Saka Keji     Bayo Onimago     Abdulrauf Aliyu     Muslim Media Watch Group Of Nigeria     Simon Sayomi     Awoye     Akeem Lawal     Ayegbeni     Kayode Yusuf     Abatemi-Usman     Chief Imam Of Omu-Aran     Umar Ayinla Saro     Mahmud Ajeigbe     Madawaki     Bello Bature     Lanre Issa-Onilu     AbdulQowiy Olododo     Hajj     Abdulrazaq Akorede     Ayo Opadokun     Tope Daramola     Iyeru Grammar School     Adebara     Government House     Ishak Mohammed Sabi     Ilorin Metro Park     Tsaragi     Ahmad Belgore     Kwara 2019     Adeleke Ogungbe     Kanu Agabi     Kassim Babamale     Vasolar Consultoria     Omupo     Alapansapa     Ayoade Akinnibosun     Vasolar     Jimoh Lambe Abdulkareem     Bareke     Shehu Alimi Foundation For Peace And Development     Oja-Oba     Bilikisu Oniyangi     Aminat Ahmed     Oloriegbe     Mopelola Abdulmaliq-Bashir     Samuel Adaramola     Abdulkarim Adisa     Oko     Shaaba Lafiagi     Farouk Salim     Raliat Islamic Foundation     Abdulfatai Baakini     Kayode Laro     Gbugbu International Market     Iyabo Adewuyi