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.

JUSUN     Obayomi Azeez     Olohungbebe     Suraj Tunji Oyewale     Aliyu Muhammed     Oba Abdulkadir La\'aro     Aasiyat Bello Oyedepo     Kawu Baraje     Magaji Are     Moshood Bakare     Neuropsychiatric Hospital     Oke-opin     Modibo Kawu     Hauwa Nuru     Oloye     Kayode Zubair     Olajumoke Monsura Gafar     CACOVID Palliatives     Ben Duntoye     Ayeyemi Sulaiman     Mamman Saba Jibril     Oju Ekun Sarumi     Olushola Saraki     ER-KANG     Olatunji Abdulmumeen     Fatai Adeniyi Garba     Kwara State Branch Of The National Library     Ajike People Support Centre     Kwara State Television (KWTV)     Ladi Hassan     Alfa Modibbo Belgore     Oyelere Oyinloye     Omoniyi M. Ayinla     Temi Kolawole     Azeez Salawu     High Court     Akeem Olatunji     Countryside Emerging Leaders Fellowship     Rex Olawoye     Mary Kemi Adeosun     Abdullahi AbdulMajeed     Sheriff Olanrewaju     Shuaibu Yaman     Ayodele Kuburat Olaosebikan     Centre For Digital Economy     Muslim Stakeholders Of Kwara State     Nurudeen Mohammed     Sulaiman Gado     Mohammed Khadijat Kubura     Toun Okewale-Sonaiya     Ilorin Talaka Parapo (ITP)     Amos Sayo     Sambo Murtala     Abdulfatai Baakini     Abdullahi Saadudeen Alikinla     Oro Grammar School     Ahman Pategi     Oye Tinuoye     Kwara Muslim Pilgrims Welfare Board     Isau     Igbaja     Aishat Sulu-Gambari     Bond     Code Of Conduct     Solomon Edoja     Ahmed Alhasssan     Medinat Folorunsho Salman     Iliasu     John Olobayo     Rebecca Bake     Ibrahim Mohammed     Abdulrosheed Okiki     Olugbense     Ilorin West/Asa Federal Constituency     Femtech     Olusola Saraki     Coronavirus    

Cloud Tag: What's trending

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

NIRSAL     Saka Onimago     Ahmed Ayinla Jimoh     IYA YUSUF     Toyin Olayinka Tejidini     Chief Of Staff     KWATMA     Dan Masanin     Chemiroy Nigeria Limited     Oke-Oyi     Atunwa     CBT     Saheed Popoola     Mujtabah Bature     UTME     Centre For Peace And Strategic Studies     Borgu     Baba-Isale     Umar Sanda Yusuf     Kwara 2023     Kwara     Maryam A. Garuba     Quranic Recitation Competition     Students Union Government     Elerin Of Erin-Ile     Mohammed Abduraheem     Sarkin Malamai     Tunji Olawuyi     Saliu Tunde Bello     Kisra     IHS     Kayode Yusuf     Okin Group     Musa Aibinu     Abdulazeez Arowona     Ministry Of Women Affairs And Social Development     Peter Amogbonjaye     NITDA     Face Masks     Bello Bature     National Union Of Road Transport Workers     Yahaya Seriki     David Oyerinola Adedunmoye     Ahmad Ali     Kwara Central     Code Of Conduct Bureau     Omu Aran     Salihu Yahaya     Universal Basic Education Commission     Kayode Zubair     Olusegun Adeniyi     Kwarareports.com     Hassan A. Saliu     ANCOPPS     Abdulraheem Olesin     Abdul Jimoh Mohammed     Abdulganiyu Oladosu     Suleiman Ajadi     Oyedepo     Salihu Ajibola Ajia     Olugbense     Abdulahi Abubakar Bata     Ishola Abdullahi     Mohammed Yisa     Alikinla     Solomon Edoja     Tunji Folami     Vasolar-Kwara Company Ltd     Ibrahim Akaje     Shaykh Luqman Jimoh     3MTT     Budo Egba     Usman Rifun     Owo Isowo     Habeeb Abdullahi Al-Ilory     VADA     Adeleke Ogungbe