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.

Sheikh Ridhwanullah El-ilory     Kunle Akogun     Lukman Oyebanji Fagbemi     Amuda Musbau     Ileloke     Saliu Shola Taofeek     Sulyman Buhari     Ilorin Like-Minds     MAI Akande     Yahya Mohammed     Just Event Online     ITEM 7     Al-Ilory     Adama Isa     ER-KANG     Daud Adeshola     Abdulkareem Alabi     General Tunde Idiagbon International Airport Ilorin     Saadu Yusuf     Ganmo Power Sub-Station     Omotosho     Yakubu Gobir     Abdullahi Atanda     Shehu Jimoh     Kwara State Governor     Yusuf Ali     Edu     Mazars Consulting     Tanke Road     Abdullateef Abdussalam     Ndakene     Post-utme     Yekeen Alabi     Raji AbdulRasaq     Folorunsho Alao     Mansurat Amuda-Kannike     Paul Olawoore     Valsolar Consultoria     Isaac Aderemi Kolawole     Hajj     Ayodele Shittu     Bolaji Abdullahi     Academic Staff Union Of Universities     UNILORIN Alumni     Gamji Members Association     Yusuf Olaolu Ali     Yahaya Abdulkareem Babaita     Mohammed Khadijat Kubura     Isiaka Yusuf     Labaeka     Mohammed Yisa     Yusuf Lanre Badmas     Emir Of Shonga     Saliu Mustapha     Onikijipa     Kwara Central     Alfa Belgore     Kwara State Council Of Chiefs     Unilorin FM     Allocation     Bashir Badawi     Kwara North     Jaigbade Alao     Federal Neuro-Psychiatric Hospital     Rabiu Kwankwaso     Hydro-electric Power Producing Areas Development Commission     Opaleke Bukola Iyabo     Olosi Of Osi     Afolabi-Oshatimehin     Shagari     Gbadeyan Gbadura Yomi     Umar Yakubu Jaja     Yahaya Muhammad     Bayo Onimago     Kayode Yusuf     Modibbo Kawu     Amuda Bembe    

Cloud Tag: What's trending

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

Iqra Books     Abubakar Usman Jos     Oyedun Juliana Funke     Young Progressives Party     Olabimpe Olani     Olaitan Adefila     Awili Pedro     Michael Ologundea     Abiodun Jacob Ajiboye     Hamid Bobboyi     Aso Ofi     Mutawalle     Egbejila     Abdulrahman Iliasu     Lasiele Alabi Yahaya     Ubandoma     Abdulrazaq Solihudeen     Sola Saraki Educational Foundation     IPSAS     Taiwo Joseph     Vishvas KOZ Tractors     Ishaq Oloyede     Adaramaja     General Hospital, Offa     Pakata     Toyin Olayinka Tejidini     Aisha Gobir     Ubandawaki     Suleiman Mora Omar     GAMA     Ilorin East     Abubakar Abdulraheem     Rotimi Oyedepo     Curfew     NSCIA     New Nigeria People’s Party     Wakilin Mata Lafiagi     Kwara State Pension Board     AbdulGaniyu Kareem     Allocation     Ibrahim Akaje     T And K FOODS     Babaloja-General     General Hospital     Onikijipa     Ileloke     Muslim Media Watch Group Of Nigeria     Ayinde Oyepitan     Ronke Adeyemi     Valsolar Consultoria     Oniwa     Azeez Bello     Kwara State Council Of Chiefs     Abdulrosheed Okiki     Abdulrazaq Sanni     Taofik Abiodun Ahmed     Obayomi Azeez     Arca Santa     Third Estate     Savannah Centre For Diplomacy, Democracy And Development     Bello John Olanrewaju     Joshua Adeyemi Adimula     Michael Nzekwe     Basit Olatunji     Bisi Kristien     Maimunat Oniyangi     Fatai Olodo     Hijaab     Borgu     Saka Isau     Oba David Oyerinola Adedunmoye     Ibrahim Issa Jetti     Atunwa     KWSUED     Femi Ogunsola     Ojuekun     Hassan Abdulazeez Elewu