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.

Abdullahi Biffo     Sunset Workers     PPS     Awodun     Photo News     Christopher Ayeni     Kassim Babamale     Lawan     Tafidan Kaiama     Esinrogunjo     Zulkifli Ibraheem     IQRA College     Sola Saraki University     Hassan Abdulazeez Elewu     Rotimi Samuel Olujide     Alabi Olayemi Abdulrazak     Peter Obi     Pakata Development Association     Basic Education Certificate Examination     Haliru Yahaya     Turaki     Temitope Ogunbanke     Micheal Imodu-Ganmo Road     Magaji Nda     Law School Scholarship     Gambari     Code Of Conduct Bureau     Modupe Oluwole     Kemi Adeosun     Ishaq Abdulkarim     MMWG     New Model Police Station     Muhammad Fawaz Abubakar     Funmilayo Mohammed     Laduba     Abubakar Suleiman     Sulaiman Gado     Aremu Bose Deborah     Gobir Organization Foundation     Olomu     Ibrahim Agboola Gambari     Arandun     Aliyu Adebayo     Kayode Zubair     Kwara Pdp     Iyeru Grammar School     Abdulwahab Olarewaju Issa     Owode Market     Ajeigbe     Issa Memunat Moyosore     Yomi Ogunsola     Gbenga Olawepo     Modibbo Kawu     Aishat Mohammed Lawal     Kola Olota     Yoonus Kola Olatinwo     Mohammed Yisa     Akorede     Adamu Attah     Ilorin Curfew     Sunday Fagbemi     Wahab Abayawo     20 Billion Bond     Sun Qing Rong     Lithium     Razak Atunwa     Afetu Of Alabe     Gbugbu     Maigidasanma     Oladimeji Thompson     Sabo-Oke     Raliat AbdulRazaq     Sobi     Rapheal Ashaolu     TETFUND     Musa Alhassan Buge     KSIRS    

Cloud Tag: What's trending

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

Garment Factory     Chief Imam Of Offa     Zulu Gambari     UITH     Isiaka Oniwa     Oyeyemi Olasumbo Florence     Coronavirus     Femi Ogunsola     Makama Of Ilorin     Kwara State Geographic Information Service     Tunde Kazeem     Abubakar Baba     Hijab     Alagbado     Sayomi     First Lady     Neo Mundo Ltd     Funke Adedoyin     Galadima     Wasiu Onidugbe     Photo News     Mahee Abdulkadir     Onilorin Of Ilorin     Colleges Of Education Academic Staff Union     Oba Abdulrahim     Saidu Yaro Musa     Razaq Atunwa     HYPPADEC     Hydroelectric Power Producing Areas Development Commission     Yusuf Babatunde Abdulwahab     Shuaibu Yaman     Borgu     Khadijat Ayoola Yusuf     Sunset Workers     NULGE     Maryam Ado Bayero     Quranic Recitation Competition     Salaudeen Oyewale     Ibrahim Abiodun     Saliu Shola Taofeek     Mope Dasuki Belgore     National Party Of Nigeria     Garba Idris Ajia     Aisha Ahman-Pategi     Alliance For Democracy     Tafida Of Kaiama     Asa LGEA School     Manzuma     Abdullahi Biffo     Elewu     Forgo Battery     Quareeb     Umar Ayinla Saro     Elerin Of Adanla Irese     Chief Of Staff     Yusuf Olaolu Ali     Sa\'adatu Modibbo-Kawu     Ilorin     Okin High School     Saadu Yusuf     Hikmah AbdulKareem     Ijagbo Health Centre     Soffiyyallah Kamaldeen     Bluenile Associates     Musa Alhassan Buge     Mogaji Aare     Peter Obi     Yoonus Lawal     Kwasu     Kamaldeen Kehinde     Hydro-electric Power Producing Areas Development Commission     Henry Olaosebikan     Maimunat Oloriegbe     Ajibola Ademola Julius     Yusuf AbdulRasheed     Curfew     Special Agro-Industrial Hub