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.

Lateef Ademola Olatunji     Ayinde Oki     IFK     Bola Ahmed Tinubu     11th Galadima     Omotosho     Bayo Onimago     GAMA     Jebba     National Union Of Road Transport Workers     Gani Saadu     Amusement Park     Dan Iya     Playing Host     John Olajide Adedipe     Tosin Saraki     Atunwa     Onilu     Bamidele Adegoke     Kwara State Fish Farmers Association     Owu Fall     Zainab Abass     NIRSAL     Suleiman Ajadi     Mufutau Olatinwo     UNILORIN Alumni Association     20 Billion Bond     Balikis Jawondo     Ahmed Ayinla Jimoh     Al-Ilory     Sabi     Abdulrazaq Aiyelabegan     Government High School Adeta     ER-KANG Mining     Baboko Primary School     Azeez Bello     Mubarak Oladosu     Doyin Group     Maigida     Universal Basic Education Commission     Plat Technologies     Emir Of Lafiagi     Suleman Abubakar     Communication Network Support Services     Sam Okaula     MAI Akande     Hussein Oloyede     Hameed Oladipupo Ali     Joshua Adeyemi Adimula     Abdulwahab Ololele     Saad Omo Iya     Aliyu U. Tilde     Funmilayo Isiaka Oniwa     Saraki     Albert Ogunsola     IPSAS     TETFUND     Abubakar Suleiman     Mumini Ishola Hanafi     ER-KANG     Kwabes     Micheal Imoudu     Issa Manzuma     Sola Saraki University     Oba Abu     2017 Budget     C2c@kwarastate.gov.ng     Ilorin South     Local Government     Federal Road Maintenance Agency     Ahmed Alhasssan     T And K FOODS     Olatunde Oyeyiola     Code Of Conduct     Ndakene     Abdulrahman Onikijipa     Yakubu Dogara    

Cloud Tag: What's trending

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

REO CAKES     Oluwole Dupe     Ijagbo     11th Galadima     Basic Education Certificate Examination     Atiku     Lola Ashiru     Bola Olukoju     Aisha Ahman Pategi     Kwara Liberation Group     Orisun Igbomina     Olusegun Adeniyi     TESCOM 2025     CACOVID Palliatives     Kwara State Council Of Chiefs     Salihu Jibril Garbi     Sunday Popo-Ola     Ilorin.Info     Abubakar Aliagan     Tuesday Assayomo     Sarkin Malamai     Isaac Aderemi Kolawole     Mohammed Yahaya Barki     Mutawalle     Kabir Shagaya     Gwanara     Adesoye College     Kunbi Titiloye     Kwara Restoration Project     Abdulganiyu AbdulAzeez     Esinrogunjo     Isau     Sango-UITH Road     Ebola     Muftau Akanbi Oke     Najim Yaasin     Ladi Hassan     Isiaka Saka Opobiyi     Isiaka Rafiu Mope     Mohammed Kamaludeen     Maimunat Oloriegbe     Gafaru Olayiwola Olorisade     Kolawole Akande     Arandun     Sarafadeen Kayode Akorede     Mopelola Abdulmaliq-Bashir     Jimoh Olusola Imam     Idi-Ape     Ashiru     MAI Akande     Saadu Yusuf     John Olajide Adedipe     Bukola Saraki     Lithium     LABTOP     A.O. Belgore     Yunus Lawal     Students Union Government     Dan Iya Of Ilorin     Kwara State Coalition Of Business And Professional Associations     Basit Olatunji     Abdulkadir Orire     Abdulmumini Jawondo     Muritala Olarewaju     Okoolowo     Olanrewju Okanlawon Musa     Ayeyemi Sulaiman     Babatunde Idiagbon     Sheikh Ridhwanullah El-ilory     GRA     Alapansapa     Okanlawon Taiwo     Busari Toyin Isiaka     Sidikat Alaya     Kwara Central     Lola Olabayo     JAMB