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.

Ahmad Olanrewaju Belgore     Galland Marcias     Abdulquawiy Olododo     Sunset Workers     Bilikis Oladimeji     Bola Shagaya     FOMWAN     Kale Belgore     Solomon Edojah     Azeez Bello     Rasaq Jimoh     Salman Suleiman     Isiaq Khadeejah     Mumini Ishola Hanafi     Oba-Solagberu     Yakubu Mohammed Abdullahi     Wahab Agbaje     QuickWin     Olayinka Are     Balogun-Ojomu     Saad Omo Iya     Association Of Kwara State Online Media Practitioners     Nurudeen Muhammed     Hassan Taiye Salam     College Of Health     Medview Airlines     Ethical College     Esinrogunjo     Galadima     Akume     Sarkin Malamai     Yakub Lai Gobir     Awoye     Olokoba Abdullahi Ayinla     Lawal Jimoh     Segun Ogunsola     LABTOP     Mutawalle     Rachael Obisesan     Islamic Development Bank     Ahmad Ali     Presidential Election     Omupo     Colleges Of Education Academic Staff Union     Lawyers Unite Against Corruption     Funmilayo Zubair     Susan Modupe Oluwole     Kpotum Mohammed Baba     Tinubu Legacy Forum     Olushola Saraki     Bashir Badawi     Obayomi Azeez     Kumbi Titiloye     Women Radio     Alagbado     Kwara United     Owo Isowo     Olatunde Oyeyiola     Dasuki Belgore     Henry Olaosebikan     Millennium Development Goals     Post Utme     Albert Ogunsola     Katibi Ibraheem Adeola     Kola Olota     Aliyu Muyideen     Umar Ahmed Gunu     Olatunji Ayeni     Ajike People Support Centre     Maigidasanma     Hussein Olokooba     Student Learning Support Helpline     Toyin Saraki     Gbemisola Saraki     Razaq Ayobami Akanbi     Mahmud Babatunde Baker     Pacify Labs    

Cloud Tag: What's trending

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

AbdulHamid Adi     Temitope Ogunbanke     Abdullahi AbdulMajeed     KW-GIS     Toyin Sanusi     International Public Sector Accounting Standards     Yusuf Lanre Badmas     Jumoke F. Ajao     Azeez Salawu     Raimi Iyanda     Eleja     Kishira     Abdulfatai Salman Baakini     Muhammed Aliyu     Kwara Metro Park     Abdulmutalib Shittu     Raymond Olaitan     Ibrahim Abiodun     Halidu Danbaba     Ambassador Kayode Laro     Adijat Adebiyi     Ado Ibrahim     Assayomo     Monsurat Omotosho     Sidikat Uthman Ajibola     Elerin Of Adanla     Yetunde Balogun     Bayo Ajia     Sherif Sagaya     Fatima Abolore Jimoh     Abatemi Usman     Jalala     Yunus Lawal     Fareedah Dankaka     Nigerian Correctional Service     Oyawoye     Ilorin Central Mosque     Adamu Ibrahim Sabi     Salihu Yahaya     Kamaldeen Kehinde     Tsado Manman     Yusuf A. Usman     Road Transport Employers Association Of Nigeria     Abdulazeez Uthman     Ilorin Like-Minds     Muhammed Danjuma     Razaq Ayobami Akanbi     Idiagbon     Abdulrazaq Adebayo     Shaaba Lafiagi     Trader Moni     Muritala Awodun     Ojuekun     Ayodele Shittu     Police Commissioner     April 11     Folaranmi Aro     Adamu Jemilat-Baki     NITDA     University Road     Lanre Issa Onilu     Jumoke Gafar     Nnazua     Oya State     Ibrahim Oniye     Magaji Erubu     Rex Olawoye     Boko Haram     Sheikh Ridhwanullah     Oloje     Abubakar Kawu Baraje     Shuaibu Yaman     Oniwa     Umar Yakubu Jaja     ER-KANG Mining     ITEM 7     Funmilayo Braithwaite