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.

Funmilayo Braithwaite     All Peoples Party     Nigerian Army     Inside Kwara     Magaji Are     Kayode Oyin-Zubair     Shehu Raheem Adaramaja     Dar-Al-Handasah Consultants Ltd     Majlis For Sadakah, Zakat And Waqf     Agor     Surajudeen Akanbi     AIT Ilorin     Jimoh Bashir     Kemi Adeosun     Ilorin East/South Federal Constituency     Twitter     Sa\'ad Alanamu     Kwara State Council Of Chiefs     Adebara     Oya State     Rebecca Bake     Afusat Nike Ibrahim     Kpotum Mohammed Baba     Adeniyi Ojo     Oyelere Oyinloye     Bola Tinubu     Ahmad Olayiwola Kamaldeen     Oyedepo     Sheikh Ridhwanullah     Neuropsychiatric Hospital     BIR     Centre For Peace And Strategic Studies     Javed Khan     Olushola Saraki     Jide Oyinloye     Sango-UITH Road     Fola Consultant     Federal Neuro-Psychiatric Hospital     Kwara-SAPZ Project     Abubakar Bature Sulu-Gambari     Royal FM     Issa Manzuma     Yinka Aluko     Salihu Ajibola Ajia     Special Agro-industrial Processing Zone     Pacify Labs     Afonja Descendants Union     Junior Secondary School Certificate Examinations     Monthly Sanitation     Olaosebikan     Akanbi-Oke     Presidential Election     Ibraheem Abdullateef     Abdulrahman Abdulrasaq     Aliyu Olatunji Ajanaku     Ademola Kiyesola     Baba Adini Of Kwara State     Leke Ogungbe     Shuaib Jawondo     Hijab     Simeon Sayomi     Special Agro-Industrial Hub     NSCIA     Alabi Olayemi Abdulrazak     Yusuf Badmus     Sola Saraki University     Peter Obi     Tafidan Kaiama     Medinat Folorunsho Salman     Ojo Fadumila     Odogun Olushola Gabriel     Olaoye B. Felix     The Herald     Abdul-Rahoof Bello     Danladi     Modupe Oluwole     Yakubu Danladi    

Cloud Tag: What's trending

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

Muhammed Akanbi     Siddiq Adebayo Idowu Salawu     Sheikh Ridhwanullah El-ilory     Bamidele Adegoke Oladimeji     Mohammed Yisa     Kwara State Government     Ghali Muhammed     Aminat Ahmed     Ophthalmological Society Of Nigeria     Ilesha-Baruba     Borgu     Femi Agbaje     Charles Ibitoye     IHS     Theophilus Oyebiyi     Olusola Saraki     Saka Balikis Kehinde     Muhammadu Buhari     Kwara State Football Association     Lawan     Monsurat Omotosho     Asiwaju Bola Tinubu     Abdulrahman Abdulrazak     Cornelius Adebayo     Kayode Yusuf     Ganmo Power Sub-Station     Donatus Ejidike     Bola Sagaya     Lukman Oyebanji Fagbemi     Durbar     Ahmed Ayinla Jimoh     CACOVID Palliatives     Vishvas KOZ Tractors     HYPPADEC     Yakubu Mohammed Abdullahi     Shoprite     Toyin Saraki     Muhammed Mahe Abdulkadir     Abdulrazaq Sanni     Shade Omoniyi     Sarah Jubril     Tunji Folami     Igbaja     Kudirat Arinola Lawal     V.O. Abioye     Abdulkadri Ahmad Alaiye     Salman Jawondo     Adewuyi Funmilayo     Ibrahim Akaje     Agor     Zainab Abass     Isa Aremu     Wahab Agbaje     Olupako     Kisira     Ndakene     AbdulRazaq AbduMajeed Alaro     Pacify Labs     Moses Adekanye     Yusuf Abdulwahab     Fatima Abolore Jimoh     Kayode Ogunlowo     NNPP     Madawaki     Muhammed Taofeeq Abdulrazaq     MINILS     Saduki Lafiagi     Umar Gunu     Ilorin West     Umar Danladi Shero     Umar Adelodun     Akande Idowu Ayoola Muhammed     Ayotunde Emmanuel Alao     Hausa     Doyin Group     2023 Elections     Kwara South