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.

Bola Olukoju     Jide Oyinloye     Umar Gunu     Hauwa Nuru     Jimoh Lambe Abdulkareem     Abdulrazaq Akorede     Saliu Oluwole     Agboola Abdulraheem     Hikmah AbdulKareem     Mohammed Abdulahi     Dunmade     Earlyon Technologies     Ahmed Idris Mohammed     Ilorin Likeminds Foundation     Saka Aleshinloye     Yusuf Lawal     Muhammad Akande Olarewaju Odunade     Saidu Isa     Abdulrahman Abdulrasaq     Naira Redesign     Kolade Solagberu     Bolaji Aladie     Abdulrahman Abdulrazak     Pategi     Oba Abdulrahim     Oyun     Minimum Wage     Dumagi     Ibrahim Oniye     Ayo Adeyemi     Muyideen Ajani Bello     Lanre Badmus     TIC     CACOVID     Kwara State Television (KWTV)     Modupe Oluwole     Boko Haram     Aishat Sulu-Gambari     REO CAKES     Abraysports FC     Jelili Yusuf     Bashirat Bola Bello     Ladi Hassan     Umar Saro     Orisun Igbomina     Mumini Ishola Hanafi     Saka Abimbola Isau     Lanre Issa-Onilu     Shonga Farm Project     Aliyu Adebayo     Abdulwaheed Musa     Makama     Alfa Belgore     Issa Baba     Funmilayo Isiaka Oniwa     Elewu     Abubakar B.M     Yusuf AbdulRasheed     Tanke Road     SSA Youth     Abdulrasheed Na\'Allah     Abdulkareem Alabi     Ekiti     Ibrahim Mashood     Fatai Adeniyi Garba     Damilola Yusuf     Aisha Buhari     Abubakar Lah     Saliu Alamoyo     Oloriegbe     Tuesday Assayomo     Elerin Of Adanla     Sadiq Buhari     Islamic Development Bank     Raliat Islamic Foundation     Muhammed Aliyu     Al-Hikmah University    

Cloud Tag: What's trending

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

Mohammed Ibrahim     Gobir Organization Foundation     Olugbense     Muazam Nayaya     Abubakar Olusola Saraki     Baba Adini Of Kwara State     James Ayeni     Yoonus Lawal     Saliu Oluwole     Umar Bayo Abdulwahab     Folorunsho Erubu     Sa\'adu Salau     Kulende-UITH     Abdulrahman Abdulrazak     Femi Agbaje     Timothy Akangbe     University Road     Risikat Lawal     Ayinke Saka     Ahman Pategi     Florence Saraki     Ahmed Bayero     Kolawole Akande     COVID-19 Palliatives     Saka Isau     Donatus Ejidike     Lai Mohammed     Kayode Bankole     John Olobayo     Stephen Fasakin     Wahab Olasupo Egbewole     Abdul-Rahoof Bello     Simon Sayomi     John Dara     Funmilayo Isiaka Oniwa     Salihu Ajibola Ajia     Babatunde Ajeigbe     Congress For National Consensus     Ojuekun Sarumi     Communication Network Support Services     Bilikis Oladimeji     Ridhwanullah Al-Ilory     Mutawalle     Olofa Of Offa     Micheal Imodu-Ganmo Road     Alapado     Maja     Wahab Issa     Yusuf Lanre Badmus     GRA     Azeez Salawu     Adesoye     Afolayan     Eleja     Earlyon Technologies     Solomon Edoja     Press Release     Code Of Conduct     Na\'Allah     Aishat Mohammed Lawal     Ebola     Dan-Kazeem     Akanji     Toyin Falola     Sanitation Exercise     Alabi Lawal     Ilorin Emirate Staff Association     Shuaibu Yaman     KFA     Ibrahim Mohammed     Saadu Yusuf     LEAH Charity Foundation     Wahab Abayawo     Kwara TV     Waheed Ibrahim     Salary     Kaiama