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.

Monsurat Omotosho     Tsado Manman     Millennium Development Goals     Oni Adebayo     Yeketi     Tescom.kwarastate.gov.ng     Mahmud Ayinla Giwa     Joseph Alex Offorjama     Kassim Babamale     Abatemi Usman     Toyin Saraki     Muhammad Akande Olarewaju Odunade     Ladi Hassan     Gobir     Suleiman Alege Kuranga     Federal Allocation     Rasheed Jimoh     Modibbo Kawu     Yahaya Dumoye     Temitope Ogunbanke     Babajide Ajayi     Sodiya     Mufutau Gbadamosi Esuwoye     Centre For Digital Economy     Nnazua     Manzuma     Afusat Nike Ibrahim     Muslim Media Watch Group Of Nigeria     Ilorin Curfew     Tunde Saad     Abdulhakeem Adelaja Amao     Jelili Yusuf     Oyin-Zubair     Bisi Oyeleke     Bashiru Makama     UTME     Raimi Iyanda     Buhari     Jare Olatundun     Idofin     Ibraheem Abdullateef     Share/Tsaragi     CLAY POT     Abubakar Kawu Baraje     ANCOPPS     Afin Descendants Union Of Odo-Owa     Shehu Adaramaja     UNILORIN Alumni     Eghe Igbinehi     Dapo Teni Nig Enterprise     Tafida Of Ilorin     Amina El-Imam     Balogin Alanamu     Lateef Fagbemi     Haliru Dantoro     Victor Gbenga Yusuf     Abdulrazaq Magaji     Idi-Ape     Yusuf A. Usman     Ilorin Durbar     Omotoso     Amusement Park     Sabitiyu Grillo     N-Power     Simeon Sayomi     Dorcas Afeniforo     Muhammed Danjuma     Olaiya Lawal     Haliru Yahaya     Abdulquowiyu Olododo     Folashade Omoniyi     Olayinka Olaogun     Amuda Bembe     Babatunde Ishola Babaita     HAMFAT Clinic And Maternity     Nigeria Foundation For Artificial Intelligence     Dasuki Belgore    

Cloud Tag: What's trending

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

Local Government     Odo-Owa     Ilorin West     Femi Ogunsola     Hajj     Gbemisola Saraki     Emir Of Shonga     AbdulHamid Adi     Abdulsalam Firdaous Amosa     Usman Rifun     Bilikisu Oniyangi     Association Of Kwara State Online Media Practitioners     Zaratu Umar     Mohammed Kamaludeen     Raimi Iyanda     Oro Grammar School     Ibrahim Sulu Gambari     Omotosho     Maja     Assayomo     Olabimpe Olani     Ayedun     Kayode Oyin-Zubair     Salihu Alhaji Musa     Muftau Akanbi Oke     Ahmad Ali     Dauda Adeniran Adeshola     Medinat Folorunsho Salman     Wahab Egbewole     Sulyman Abdulkareem     Bilikis Oladimeji     Maigidasanma     Kola Ologbondiyan     Ayobami Akanbi     National Information Technology Development Agency     Islamiya Abdulraheem     Alao Ayotunde     Mohammed Khadijat Kubura     Yemi Sanni     Olufolake Abdulrazaq     Abdulwasiu Bolaji Adeyi     Bola Iyabo Ibiyeye Adisa     Abdulrasaq Alaro     Photo News     Busari Toyin Isiaka     Kwabes     Salake     Iyaloja-General     Chief Imam Of Omu-Aran     Jumoke F. Ajao     Offa Poly     Yahaya Seriki Gambari     Maigida     Kumbi Titilope     Old Oyo     Alabi Lawal     Buhari     Okin Biscuit     Oke-Kura     Iyabo Adisa Ibiyeye     Kwara Metro Park     Peter Obi     Lai Mohammed     Ishak Mohammed Sabi     KWASEIC     Afolayan     Olomu     Yashikira     Abdullateef Abdussalam     IHS     Ubandoma Of Ilorin     Gbajabiamila     Idiagbon     Ibrahim Abiodun     Alaiye     NAWOJ     The Herald