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.

Jalala     Royal FM     Aisha Ahman-Pategi     Muhammed Akanbi     Musa Ayinla Yeketi     Christopher Odetunde     Kwara State Coalition Of Business And Professional Associations     Bello Abubakar     Eghe Igbinehin     Sunset Workers     Patigi Regatta     Abdulrazaq Magaji     Sunday Popo-Ola     Bolaji Abdullahi     Yusuf Abdulwahab     Kisira     Isiaka Alikinla     Saadu Yusuf     Jawondo     Najim Yaasin     Yusuf Abdulkadir     Ohoro Of Shao     Emir Of Ilorin     Wahab Abayawo     Saliu Ajia     Shuaib Jawondo     Musbau A. Akanji     COVID-19 Palliatives     Emmanuel Olatunji Adesoye     Saka Adeyemo     Adewuyi Funmilayo     Abdulrasheed Lafia     Abubakar Usman Jos     GANZY     Apaokagi     Olatunji Ayeni     Abioye Bello     Iponrin     Unilorin FM     Kassim Babamale     Yomi Ogunsola     Madawaki Of Ilorin     Farouk Salim     Facemasks     Oluranti Idowu     Yemi Osinbajo     Sa\'adatu Modibbo-Kawu     Shehu Jimoh     Offa     Binta Sulyman     07039448763     Rueben Parejo     Ajibike Katibi     Monkey Pox     Gbadeyan Gbadura Yomi     CLAY POT     Kwara Hotel     Abatemi Usman     Hydro-electric Power Producing Areas Development Commission     Yusuf Ali     Ilorin Like-Minds     Waheed Ibrahim     Yakubu Danladi     Olomu Of Omu-Aran     Toyin Saraki     Www.Kwarareports.com     Baaziki Sulaiman     Ajibola Ademola Julius     LEAH Charity Foundation     SDP     Kumbi Titilope     REO CAKES     Habeeb Abdullahi Al-Ilory     Tunde Saad     Salake     Abubakar Baba Sulaiman     IPSAS    

Cloud Tag: What's trending

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

Yusuf Amuda Aluko     Lanre Aremu     Saliu Ajia     Osuwa     KWACOBPA     Isau     Hassan Saliu     08001000100     Balogun-Ojomu     Iyabo Dupe Adekeye     Quareeb Islamic Association     Mogaji Aare     Mohammed Saidu     Afeyin-Olukuta     Lola Olabayo     Titus Suberu-Ajibola     Usman Yunusa     Abubakar Suleiman     Muideen Olaniyi Alalade     Omotosho     Binta Abubakar-Mora     Women Radio     Okin Biscuit     Moronfoye     Suleman Abubakar     Umar Ahmed Gunu     Sebastine Obasi     Oba Mogaji Abdulkadir     Facemasks     Just Law Forum     Gbadeyan Gbadura Yomi     Kpotum Mohammed Baba     Halidu Danbaba     SAPZ Project     Igbomina     Bukola Saraki     National Information Technology Development Agency     Ilorin Emirate Staff Association     Buari Edun     Olatunde Jare     State Bureau Of Internal Revenue     Aso-ofi     A.O. Belgore     Mohammed Khadijat Kubura     Azeez Bello     Suleiman Mora Omar     Florence Saraki     Abdulfatah Ahmed     Femtech     Abdulfatai Salman Baakini     Arinola Fatimoh Lawal     Toyin Saraki     Yahaya Jibril Usman     KWSIEC     Toun Okewale-Sonaiya     Olupako Of Share     Jumoke F. Ajao     Abdulsalam Firdaous Amosa     Offa     Afolabi-Oshatimehin Adenike Harriet     Ijagbo Health Centre     Seun Bolaji     David Adesina     Salake     Kwasu     ASUU     Bayo Ajia     Alimi Abdulrazaq     Okin High School     New Nigeria People’s Party     Federal Allocation     Akom Construction And Engineering Synergy Ltd     Saliu Tunde Bello     Abdulrahman Onikijipa     Awoye     Bolakale Ayo     Abdulhakeem Amao