Harmony Holdings lauds Gov AbdulRazaq over disbursement of bailout funds

Date: 2021-07-21

* to pay 6-months salary arrears and other entitlement owed by AbdulFatah Ahmed adminstration

* as agency pays all outstanding salaries, inherited entitlements

* staff elated, prayed for governor AbdulRasaq for bringing smiles on their faces into eid festival

Harmony Holdings Limited, Kwara State wholly-owned investment management company, has lauded Governor AbdulRahman AbdulRazaq over his approval of the disbursement of bailout funds, part of which was used to pay the six months outstanding salaries of staff at the holdco and several years of other entitlements including the ones inherited from the previous administration.

Group Managing Director and Chief Executive Officer, Mallam Abdullahi Abdulmajeed in a statement on Tuesday appreciated the Governor on behalf of the group, noting the intervention was very timely as the staff now wear glad looks into the Eid-el-Kabir celebration.

"On behalf of Harmony Holdings Limited, I offer deep appreciations to His Excellency, Mallam AbdulRahman AbdulRazaq, the Executive Governor of Kwara State who is also our business owner for his recent approval of disbursement of bailout funds to the company. We are sincerely grateful as this is not the first time we will be benefitting from His Excellency's magnanimity," the statement read.

"Part of the funds have been judiciously used to pay the six months outstanding salaries of staff and several years of other entitlements including the ones inherited from the previous administration dating back to 2018. This intervention could not have come at a better time as our staff are now smiling to the banks and are very much elated into the Sallah celebrations. The buck now stops on our table. We will always take responsibility and ensure the turnaround of the investment portfolios under the holdco despite the daunting challenges we inherited. One step at a time, we will clear all the mess."

The GMD/CEO meanwhile explained that the payment of all the dues will be followed up by restructuring to enable the company meet its overhead and ensure a sustainable system, adding that same will cascade to all the strategic business units.

Corporate Affairs Unit

Harmony Holdings Limited

July 20th, 2021

 

Cloud Tag: What's trending

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

Sobi     Abdul-Rasheed Na\'Allah     Saheed Akinwumi     Valsolar Consultoria     Awili Pedro     Kisira     Saka Abimbola Isau     Oba Abdulraheem     Young Progressives Party     Sherif Shagaya     KWASIEC     Yemi Sanni     Samuel Adedoyin     Matthew Okedare     T And K FOODS     Adesina Simon Sodiya     Aminat Omodara     Ilorin South Constituency     Aliyu Kora Sabi     Association Of Kwara State Online Media Practitioners     Dapo Teni Nig Enterprise     Labaeka     Post Utme     Ajeigbe     Oke-Kura     NIPR     Saka Saadu     Modibbo Kawu     PPS     Noah Yusuf     Bio Ibrahim     Dan-Kazeem     National Union Of Road Transport Workers     International Aviation College     John Mayokun Dada     Orisa Bridge     Kayode Yusuf     Garment Factory     Sarafadeen Kayode Akorede     Tunde Oyawoye     Roseline Oni Aremu     Ilorin Descendants Progressive Union     Ibrahim Bio     Modupe Oluwole     Muyideen Ajani Bello     Ayeyemi Sulaiman     Ijagbo     Ibrahim Abdulqadir Abikan     Memunat Monsuma     Bashiru Makama     Seni Saraki     Na\'Allah     Olofa Of Offa     Press Release     GANZY     Suleiman Yahya Alapansapa     Kwara State Internal Revenue Service     Olusin Of Ijara Isin     Mohammed Alabi Lawal     Muhammad Mustapha Suleiman     Shehu Jimoh     Tunji Ajanaku     International Vocational Centre     Okin Malt     Sunday Otokiti     Pacify Labs     Bursary     Abdulkadir Remi Hawawu     Toyin Falola     Vasolar     Jaiz Bank     Danladi     Baba-Isale     Maja     Niyi Osundare     Abubakar Abdulraheem     Alapado    

Cloud Tag: What's trending

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

Salihu Yahaya     Deji Ajani     Kale Bayero     Kanu Agabi     Adamu Ibrahim Sabi     Razaq Atunwa     Oniwa     Oba Abu     Toyin Falola     Micheal Imodu-Ganmo Road     International Public Sector Accounting Standards     Fatai Olodo     Yusuf A. Usman     Admiralty Villa     Dagbalodo     Mohammed Yisa     AbdulRahman Saad     Mogaji Aare     Durosinlohun Kawu     Mahmud Ayinla Giwa     Akeem Lawal     TETFUND     Iyabo Dupe Adekeye     KWSUED     Tsaragi-Share     Babatunde Ishola Babaita     Isiaka Saka Opobiyi     GRA     Yoonus Lawal     Kwara Metro Park     Sheikh Ariyibi     Muhammad Akande Olarewaju Odunade     Sarafadeen Kayode Akorede     Salary     Saka Balikis Kehinde     Oye Tinuoye     Moshood Mustapha     Alanamu     Chemiroy Nigeria Limited     Kazeem Gbolagade     Muftau Akanbi Oke     Samari     Young Progressives Party     Nigeria Computer Society     Abdulwaheed Musa     Afolayan     Ajayi Okasanmi     Ben Duntoye     Muhammed Danjuma     Shuaibu Yaman     Mike Omotosho     Saadu Gbogbo Iwe     Oko     Isapa     Aliyu Adebayo     Omotosho     Plat Technologies Limited     Halimah Perogi     Lithium     Diagnostic Centre     Yusuf Abubakar     Arandun     Abdulganiyu Salahudeen     SSUCOEN     UNILORIN Alumni Association     Jeunkunu-Malete-Bani     Federal College Of Education (Special), Afon     Adesoye College     BIR     Eleyele     Ojo Fadumila     Muhammed Mahe Abdulkadir     Abdulrahman Onikijipa     Age AbdulKareem     Alabi Lawal     Babs Iwarere     Shagari