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.

Joseph Alex Offorjama     COVID     Shola Odetundun     Adebayo Mohammed Kamaldeen     Ganiyu Abolarin     Lawyers Unite Against Corruption     Sidikat Alaya     Fatai Adeniyi Garba     Jumoke F. Ajao     Amuda Musbau     Jamiu Oyawoye     Ajibola Ademola Julius     Kwara 2015     Elerin Of Adanla Irese     Arinola Fatimoh Lawal     Titus Ashaolu     Royal FM     Abdulrasaq Alaro     Salihu Yahaya     KWASIEC     Chief Imam Of Ilorin     Ilesha-Gwanara     Sulaiman Gado     Kawu     Bilikis Oladimeji     Bukola Ajikobi     Titus Suberu-Ajibola     Umar Adelodun     Suwa-Arabs     Adanla-Irese     Lai Mohammed     Jelili Yusuf     Ola Falade     Oke-Oyi     Muhammed Akanbi     Najim Yaasin     Yoonus Kola Olatinwo     Mohammed Danjuma     Trader Moni     Hassan Taiye Salam     Yekini Adio     Kamoru Kadiri     C2c@kwarastate.gov.ng     John Olobayo     Facemasks     Playing Host     Alabi Lawal     Ilorin Anchor Men And Women     Idris Garba     Kwara 2023     Sarah Alade     Rotimi Atere     Kwara United     Shuaib Boni Aliyu     Tunji Oyawoye     Sheikh Alimi     Abdullahi Dasilva Yussuf     General Hospital, Offa     Ubandoma Of Ilorin     Olabode Towoju     Omu Aran     Radio Kwara     Government Girls’ Day Secondary School Pakata     IDPU     Presidential Election     Kwara Apc     Kwara South     Haliru Dantoro     Hussein Oloyede     Aasiyat Bello Oyedepo     Razaq Ayobami Akanbi     Ahmad Ali     Ahmad Lawan     Bolakale Kawu     TIC     Mohammed Saidu     Kubra Kazum    

Cloud Tag: What's trending

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

Abdulrasheed Lafia     Ayinde Oki     Arinola Lawal     Raymond Olaitan     Wasiu Odewale     Public Holiday     Erubu Oba Zubair     Lawyers Unite Against Corruption     Offa Poly     Afetu Of Alabe     KWAFFA     Ilorin Amusement Park     Oluwatoyin Lukman     Sam Onile     Kwara State Internal Revenue Service     Abdulkadir Jimoh     Local Government Pension Board     Obuh     Yunus Oniboki     Umar Adelodun     Smart School     Abdulrauf Aliyu     CT Ayeni     Iyeru Grammar School     Maigida Soludero Transit     IPSAS     Ibrahim Abdullahi     Abdullahi Samari     Imodoye Writer’s Enclave     Fareedah Dankaka     Tricycle Owners Association Of Nigeria     Timothy Olatunde Fadipe     Unicontinental Construction Company     Ilota     Abdulazeez Arowona     Kwara United     Umar Sanda Yusuf     Oloje     Okin High School     Oluwole Dupe     SUBEB     Olubukola Kifayat Adedeji     Jimoh Lambe Abdulkareem     Volunteers Of Ilorin Community And The Emirate     11th Galadima     Soffiyyallah Kamaldeen     Kwara State Geographic Information Service     Abdulmajeed Abdullahi     Owu Fall     Saudat Abdulbaqi     Erin-ile     Lawan     Kwara Liberation Group     Jimoh Olusola Imam     Ekweremadu     Kwara State Pension Board     Kwara North     Raliat Elelu-Habeeb     Ilorin West     Yusuf Arowosaye     Abdulrahman Iliasu     Halidu Danbaba     Yahaya Muhammad     April 11     Lai Gobir     Flights To Ilorin     Usman Rifun     Hakeem Lawal     Bilikisu Gambari     Bayer Nigeria Limited     Saad Omo\'ya     IQRA College     Ilorin Airport     Federal Road Maintenance Agency     Ilesha-Baruba-Gwanara     Balogun Ajikobi     ER-KANG