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.

Hamza Usman     Raimi Iyanda     Kolawole Akande     Aliyu Kora Sabi     Ayinke Saka     Convocation Ceremonies     Yakub Ali-Agan     Obayomi Azeez     Kehinde Baale     Asiwaju Bola Tinubu     Sulaiman Gado     Monthly Sanitation Exercise     Olatunde Michaels     Aisha Ahman-Pategi     Elerinjare-Ibobo     Bola Olukoju     Abubakar Imam     Stephen Fasakin     Jide Oyinloye     Kishira     Ajibola Saliu Ajia     Amada Jidda     Abubakar Aliagan     Taofik Mustapha     Maryam Ado Bayero     Sobi FM     Adisa Logun     Opobiyi     HICA     Kwara State University Of Education     Okiki     Moses Afolayan     Bayer AG     Wahab Femi Agbaje     Henry Makinwa     Alapansapa     Arinola Fatimoh Lawal     Timothy Akangbe     Ilorin Central Mosque     Kwara Hotel     Kayode Bankole     Adegoke Bamidele     Yemi Sanni     Col. Taiwo     Marafan Shonga     Academic Staff Union Of Universities     Garba Dogo     Photo News     Erubu     Adebayo Salami     Yusuf AbdulRasheed     Iyeru Grammar School     Olam Food Ingredients     Yashikira     Baboko Primary School     Olatunji Bamgbola     Yusuf Amuda Gobir     Aremu Bose Deborah     Omotoso Musa     Akom Construction And Engineering Synergy Ltd     Shehu Jimoh     Abdulkareem Alabi     Akorede     Police Commissioner     KWASSIP     Turaki     Hikmah AbdulKareem     Folaranmi Aro     Shettima Of Ilorin     MalHub     Memunat Monsuma     Apata Ajele Secondary School     Javed Khan     Sabo-Oke     International Aviation College     Kwara State Television     Nigeria Foundation For Artificial Intelligence    

Cloud Tag: What's trending

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

Henry Olaosebikan     Elerin Of Erin-Ile     Gbemisola Saraki     KWTV     Haleeman Salman     Balikis Jawondo     Idofin     Marafan Shonga     Neo Mundo Ltd     Kassim Babamale     Saliu Ajia     Sam Okaula     Abdulhakeem Adelaja Amao     Sulyman Abdulkareem     Sulyman Atolagbe Alege     Abiodun Jacob Ajiboye     Kwara South     Sa\'adatu Modibbo-Kawu     Yusuf Lawal     Saliu Tunde Bello     Lawal Arinola Kudirat     Olufolake Abdulrazaq     Sardauna Of Ilorin     Aasiyat Bello Oyedepo     Baakini     Bello John Olanrewaju     Abatemi-Usman     Mahfouz Adedimeji     ITP     Nupe     Tafida Of Ilorin     Kulende-UITH     Razaq Atunwa     Binta Abubakar-Mora     Mufti Of Ilorin     Simeon Ajibola     Balogun-Ojomu     Ilorin Durbar     Babatunde Ishola Babaita     IHS     Adijat Adebiyi     Radio SBS     Oye Tinuoye     Durosinlohun Kawu     Abdulrasheed Lafia     Shoprite     Egbewole     Shururat Olatinwo     Clement Yomi Adeboye     Al-Hikmah University     Onilorin Of Ilorin     KSIRS     Galadima     ENetSuD     Bolaji Nagode     March 18     Mohammed Yahaya Barki     Wahab Kunle Shittu     Overland     Federal Neuro-Psychiatric Hospital     Abdulmalik Bashir Mopelola Risikatullahi     Saadu Yusuf     Yeketi     Lola Olabayo     Hakeem Idris     Revenue Court     Ilorin Emirate Stakeholders Forum     Orire     Suleiman Alege Kuranga     Aliyu Alhassan     John Obuh     NITDA     ARMTI     Bayo Onimago     Ilesha-Baruba     Mashood Abdulrafiu Agboola     Kwara State Governor