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.

Adedeji Onimago     Funmi Salau     Adedayo Yusuf Abdulkareem     Tsado Manman     Ilorin South Constituency     EndSARS     Garba Ayodele Wahab     Bolaji Abdullahi     Emir Of Kano     Funmilayo Braithwaite     Paul Odama     Abdulrasheed Akogun     Aasiyat Bello Oyedepo     Omotoso     Yahaya Muhammad     Societe Generale Bank Of Nigeria     Haruna Tambiri Mohammed     Bond     Fatai Adeniyi Garba     Abdulrahman Abdullahi Kayode     Ishaq Oloyede     Damilola Yusuf Adelodun     Abdulganiyu Salahudeen     Age AbdulKareem     Share     Waheed Ibrahim     Rebecca Olanrewaju     Sulyman Buhari     Oko     Shuaibu Yaman Abdullahi     Revenue Court     Isaac Aderemi Kolawole     Democracy Day     Doyin Agbamu     Michael Ologundea     Bayo Ojo     Tosin Saraki     Oyedun Juliana Funke     Ophthalmological Society Of Nigeria     Abdulrauf Yusuf     Ibrahim Gambari     Olota Of Odo-Owa     Dan-Kazeem     Taofik Mustapha     Tescom.kwarastate.gov.ng     Toyin Olayinka Tejidini     Mustapha Olanipekun     Lawal Olohungbebe     Toyin Falola     Paul Olawoore     Okoolowo     Oloje     Al-Ilory     Sadiq Umar     Muslim Media Watch Group Of Nigeria     Ayobami Seriki     Yaru     Kayode Laro     Ajayi Okasanmi     Joshua Adeyemi Adimula     Magaji Nda     Mansurat Amuda-Kannike     Adanla-Irese     Kwara-SAPZ Project     Saliu Ajibola Ajia     Bayer AG     Dasuki Belgore     Voices Of Tomorrow     Al-Adaby     Kwara State Polytechnic     Okin Group     Baba Issa Awoye     All Peoples Party     Kunle Okeowo     Nigerian Correctional Service     Young Progressives Party     Kawu    

Cloud Tag: What's trending

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

Aliyu Adebayo     Nnazua     Kwara State Health Insurance Agency     Saliu Tunde Bello     Kehinde Boyede     Abdulmumini AbdulRazaq     Yekini Adio     Harafat E. Mukadam     Gwanara     Umar Sanda Yusuf     General Tunde Idiagbon International Airport     Gbemisola Oguntimehin     Moshood Bakare     Frootify     Olaosebikan     Shonga Farm Project     Farouk Salim     Simeon Sule Ajibola     Erubu Oba Zubair     ASKOMP     AbdulHakeem Ajibola Akanbi     Pilgrims Board     Mohammed Ghali Alaaya     Ibrahim Sulu Gambari     Shuaibu Yaman     Muhammad Akande Olarewaju Odunade     Royal FM     Nigerian Correctional Service     Joana Nnazua Kolo     Musa Yeketi     Isiaka AbdulRazaq     Aisha Gobir     Abdulbaqi Jimoh     Oke-Ero     Lanre Olosunde     Chikanda     Lateef Ademola Olatunji     Centre For Digital Economy     Risikat Lawal     Ayodele Shittu     Abdullahi AbdulMajeed     National Pilot     CELF     Government House     Adedayo Yusuf Abdulkareem     N-Power     Nigerian Army     Amina El-Imam     Bisi Oyeleke     Zulu Gambari     Olomu     Christopher Tunji Ayeni     Dele Belgore     Ajayi Okasanmi     Oke-opin     Akorede     Maryam A. Garuba     Amuda Bembe     Haliru Yahaya     Lucky Omoluwa     Yahaya Abdulkareem Babaita     Salaudeen Oyewale     Adedeji Onimago     LEAH Charity Foundation     Kwara Teaching Service Commission     Abdulwahab Ololele     Iyaloja-General     Yoruba     Adisa Logun     Abatemi-Usman     Adeola Abraham     Trade Lenda SME Fair     Sa\'adu Salau     Kola Olota     CUTI     Kwara State University Of Education     Nigeria Governors\' Forum