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.

Ilorin Innovation Hub     Ezekiel Yissa Benjamin     Dele Momodu     National Broadcasting Commission     Saliu Shola Taofeek     Mukhtar Shagaya     Adedipe     Academic Staff Union Of Universities     Ahmad Olanrewaju Belgore     Okeose Christian Cementary     Moji Makanjuola     Femi Oladiji     Bukola Ajikobi     Garba Idris Ajia     Ahman Patigi     Musa Abdullahi     Ishaq Oloyede     Kehinde Baale     Jani Ibrahim     High Court     Kwara University Of Education     Eghe Igbinehin     National Pilot     Age AbdulKareem     Federal Polytechnic Offa     National Information Technology Development Agency     Olukotun Of Ikotun     Mahmud Ayinla Giwa     Abdulraufu Mustapha     Oloyede     Sulyman Tejidini     Oju Ekun Sarumi     Ayo Adeyemi     Bond     Onilu     Awodun     Raheem Adaramaja     Mamatu Abdullahi     Wole Oke     Aminu Ado Bayero     Forgo Battery Company Limited     Senior Ibrahim Suleiman     Basit Olatunji     Riskat Opakunle     Abdulwahab Olarewaju Issa     LABTOP     Centre For Digital Economy     Ahmed Ayinla Jimoh     Najim Yaasin     Iliasu     Suwa-Arabs     Sambo Murtala     Gani Saadu     Wasiu Onidugbe     Lawal Arinola Kudirat     Abdulazeez Uthman     Omar Gambari     Twitter     Moses Adekanye     Ibrahim Abduquadri Abikan     Salman Jawondo     Post-utme     Dan Iya     Muhammad Fawaz Abubakar     Iyaloja-General     Moremi High School     Asiwaju Bola Tinubu     Roheemat Hammed     Femi Ogunsola     Sabi     Gbugbu International Market     Aisha Gobir     IYA YUSUF     Olohungbebe     Theophilus Oyebiyi     Anilelerin     Mahee Abdulkadir    

Cloud Tag: What's trending

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

Hijaab     Share/Tsaragi     Ahmad Olayiwola Kamaldeen     Yusuf Amuda Abubakar     Muazam Nayaya     Imam Gambari     Al-Hikmah Radio     Muhammad Mustapha Suleiman     Majlis For Sadaqah, Zakat And Waqf     Yinka Aluko     Ridhwanullah Al-Ilory     Oloruntoyosi Thomas     Emir Of Lafiagi     General Hospital, Ilorin     Lawan     Niyi Osundare     Owo Isowo     Federal Neuro-Psychiatric Hospital     Yeketi     Kudirat Arinola Lawal     Bayo Lawal     Kwarareports.com     Ronke Adeyemi     Ibrahim Labaika     Abdul-Rahoof Bello     All Peoples Party     James Ayeni     Oyeyemi Olasumbo Florence     Halimat Yusuf     The Herald     Mashood Dauda     Siddiq Adebayo Idowu Salawu     Saka Keji     Borgu     Jalala     Rotimi Oyedepo     Kawu Baraje     Ishak Mohammed Sabi     Taofeeq Olateju     Fatai Olodo     Kwara State Pension Board     Olatinwo     AbdulGafar Tosho     Salary     Shururat Olatinwo     Alikinla     Haleeman Salman     Trader Moni     Emir Of Shonga     Umaru Saro     Ado Bayero     Isiaka Oniwa     Yoonus Kola Olatinwo     Quareeb     Veterinary Teaching Hospital     EFCC     Sa\'adatu Modibbo-Kawu     Babata     Olaiya Victor Mobolaji     Gbenga Olawepo     Olabimpe Olani     SGBN     Abdulwaheed Musa     Kwara TV     Hassan Abdulazeez Elewu     Ayo Adeyemi     Oke-Ero     Gaa Olobi     Durbar Festival     Www.Kwarareports.com     Kwara Pdp     Peter Obi     Rasheed Jimoh     Adama Isa     Moro     Orire     Nigeria Computer Society