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.

Is\'haq Modibbo Kawu     Olokoba     Arinola Lawal     Igosun     CCB     Busari Toyin Isiaka     Oyelere Oyinloye     Oniye     Alanamu     Mansurat Amuda-Kannike     Magaji Are     Shuaib Olarongbe     Ebun-Olu Adegboruwa     Junior Secondary School Certificate Examinations     Isiaka Saka Opobiyi     Mahe Abdulkadir     Akeem Olatunji     Jumoke Gafar     Saliu Ajia     Abdulrahman Iliasu     Ayeyemi Sulaiman     Idris Amosa Saidu     Bukola Ajikobi     Oyun     Kaiama     Government High School Adeta     Amuda Bembe     Abubakar Usman Jos     Taofeek Sanusi     Stephen Fasakin     Kwara Muslim Pilgrims Welfare Board     Oba David Oyerinola Adedunmoye     Yusuf Ibitokun Sherifat     Ileloke     Ubandoma     Kwara State Fish Farmers Association     Saheed Akinwumi     Abdullateef Abdussalam     Ajeigbe     Isaac Gbenle     Women Radio     Okoolowo     Centre For Digital Economy     Prince Sunday Fagbemi     Kwara State Pension Board     Apaokagi     Kwabes     RTEAN     Colleges Of Education Academic Staff Union     Abdullah Janet Amudat     Idris Amosa Oladipo Saidu     Ben Duntoye     Olaoye B. Felix     GRA     Plat Technologies Limited     Habeeb Saidu     Abdulkadri Ahmad Alaiye     Lola Ashiru     Adebayo Salami     Imodoye Writer’s Enclave     Abdulrahman Abdulrasaq     Ahmed     Ilorin West/Asa Federal Constituency     Tinubu Legacy Forum     Sobi     SUBEB     Mamatu Abdullahi     Abdulquawiy Olododo     Yakubu Mohammed Abdullahi     Hussein Oloyede     Iyiola Oyedepo     Oke-Odo     Fatimat Saliu     Kayode Zubair     Bayo Ajia     Kwara State Geographic Information Service     Yusuf Olaolu Ali    

Cloud Tag: What's trending

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

Samuel Olusegun Adedayo     Local Government Pension Board     Yusuf Amuda Aluko     Oke-Kura     Mustapha Olanipekun     Share-Tsaragi     Bashirat Bola Bello     Busari Toyin Isiaka     Lanre Jimoh     Dan Masanin     Makama     Yahaya Muhammad     Funmilayo Oniwa     Oluranti Idowu     Haleeman Salman     Aliyu Umar     Lanre Issa Onilu     ENetSuD     Taofeek Sanusi     Ibrahim Jawondo     Idofin     Ike Ekweremadu     Edret Sabi Abel     Hakeem Idris     Towoju     Ojuekun     08001000100     GGDSS Pakata     Rasheed Jimoh     Charles Ibitoye     Mumini Ishola Hanafi     Kwara Pdp     Mustapha AbdulGaniyu     Kwara State Polytechnic     Kunle Akogun     Isiaka Yusuf     Elesie Of Esie     Nigeria Computer Society     Diagnostic Centre     Usman Rifun     Haruna Olawale Sulaiman     Countryside Emerging Leaders Fellowship     Mohammed Danjuma     Abdulkadir Remi Hawawu     Kwarareports     Gamji Members Association     Nigerian Medical Association     Asa LGEA School     Baboko     Balogun Gambari     Gambari     Oloyede     Hydroelectric Power Producing Areas Development Commission     Jumoke Gafar     Yomi Ogunsola     Mahe Abdulkadir     Aisha Ahman Pategi     Issa Baba     Shagari     Okin Biscuit     Ibrahim Oloriegbe     Jimoh Akani     Ahmed Bolaji Nagode     Salihu Ajibola Ajia     Anilelerin     2023 Elections     Bola Olukoju     Bisi Oyeleke     Ahmad Ali     Ilorin Airport     Okin Biscuits     Plat Technologies     Olaitan Adefila     Yeketi     Unilorin FM     IESA     Cornelius Adebayo