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.

Tafidan Kaiama     Shero     Saliu Ajibola Ajia     CACOVID     Elerin Of Adanla     ENetSuD     Abdulquawiy Olododo     Adeola Abraham     Abdulraheem Olesin     Logun     Jimoh Lambe Abdulkareem     Saliu Oluwole     Mohammed Halidu     Garuba Alikinla Shittu     Shonga Farm Project     Matthew Okedare     Muftau Akanbi Oke     Ambassador Kayode Laro     Sulaiman Gado     Innocent Okoye     Sa\'adu Salau     Sulyman Age AbdulKareem     Michael Nzwekwe     Dauda Adeniran Adeshola     Femi Gbajabiamila     Odogun Olushola Gabriel     A.G.F Abdulrasaq     Jeunkunu-Malete-Bani     Rapheal Ashaolu     08001000100     Saadatu Modibbo-Kawu     Chief Imam Of Omu-Aran     Saba Mamman Daniel     Rihanat Ajia     Federal College Of Education (Special), Afon     Mashood Abdulrafiu Agboola     Ilorin East     Abdulhakeem Amao     Segun Ogunsola     Sabitiyu Grillo     Oyun     Twitter     Marufat Oladosu     Samuel Adedoyin     Abdulrazaq Aiyelabegan     Ilorin Talaka Parapo (ITP)     Isin     Gbenga Awoyale     Awwal Jawondo     Belgore     Abdulwahab Ololele     Just Law Forum     Shehu Jimoh     Galland Marcias     Labour Party     Abdulrauf Aliyu     Samuel Elizabeth Keatswa     Awili Pedro     Gobir Organization Foundation     Unilorin FM     Shuaib Abdulkadir     Jamiu Oyawoye     Lucky Omoluwa     Abdulmajeed Abdullahi     Okin High School     Yahaya Seriki Gambari     Abdulkareem Alabi     Madawaki     Radio SBS     Umaru Saro     Mamman Saba Jibril     Salaudeen Oyewale     Kolo     Abdulrahman Iliasu     Sadiq Umar     Rashidi Yekini     Kwara Hotel    

Cloud Tag: What's trending

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

New Naira Notes     Olatunde Oyeyiola     Undergraduate Bursary     CLAY POT     Ajeigbe     Government House     Mansurat Amuda-Kannike     AGM Professional Services     Musa Abdullahi     Madawaki Of Ilorin     Doyin Group     Ilorin East/South Federal Constituency     Emir Of Kano     Ahmed Idris Mohammed     Alabi Olayemi Abdulrazak     Sola Saraki Educational Foundation     Ahmed Mohammed Rifun     Alliance For Democracy     Abdulrahman Onikijipa     Akorede     SWAN     NIPOGA     Lateef Fagbemi     Harrison Osauwagboe     Temi Kolawole     Jawondo     James Ayeni     Sa\'adatu Modibbo-Kawu     Rafiu Olasile     Sulyman Age AbdulKareem     Ayekale     Babajide Ajayi     Ola Falade     Kwara North     Omotoso     Salman Suleiman     KFA     Elerinjare-Ibobo     Plat Technologies     Okin Biscuit     Bashir Adigun     Matthew Okedare     Sunset Workers     Bello Taoheed Abubakar     Abdulraheem Yusuf     Abdullahi G. Mohammad     Ibrahim Sulu Gambari     Wahab Agbaje     Pilgrims Board     Abubakar Abdulraheem     Abdulrasaq Alaro     Binta Abubakar-Mora     Saidu Yaro Musa     Sulaiman Gado     Sola Saraki University     Salihu Ajia     Balogun Ajikobi     Y.A. Abdulkareem     Saadu Alanamu     Kwara 2023     Hassanat Bello     Abdulkarim Adisa     Monkey Pox     Hameed Oladipupo Ali     Mahe Abdulkadir     Tunde Kazeem     Mary Kemi Adeosun     Samuel Elizabeth Keatswa     Muslim Stakeholders Of Kwara State     Adekunle David Dunmade     Abubakar Lah     Abdulmajeed Wahab     Mohammed Ghali Alaaya     Kwara Metro Park     Ojo Fadumila     Ajidagba     CELF