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.

Gbemisola Saraki     Chief Imam Of Offa     Apado     Kwara State Polytechnic     Yunus Oniboki     Abubakar Bature Sulu-Gambari     Bukola Ajikobi     Idris Garuba     Makama Of Kaiama     National Party Of Nigeria     Suraj Tunji Oyewale     Tanke     Kemi Adeosun     Share     Abdullahi Adisa Akodudu     Abdulfatai Salman Baakini     Kehinde Baale     Kwara TV     Bibire Ajape     Oluwole Dupe     Ayodele Shittu     Opobiyi     Federal College Of Education (Special), Afon     Valsolar-Kwara Company Limited     Sheikh Ariyibi     Suleiman Ajadi     Funmilayo Zubair     Yaman     Abdulkadir Remi Hawawu     Shehu Adaramaja     Aisha Abodunrin Ibrahim     Charcoal     Bolaji Abdullahi     Aiyedun     Al-Ilory     Oro Grammar School Old Students Association     Bola Olukoju     Muslim Stakeholders Of Kwara State     Issa Memunat Moyosore     TIIDELab     Ilorin General Hospital     Saad Belgore     Adamu B. Yaqubu     Modibo Kawu     Public Holiday     Dar-Al-Handasah Consultants Ltd     Kwara State University Of Education     Oyedepo     Abubakar Baba     Tunji Oyawoye     Mohammed Abdulahi     Kayode Issa     Balogun Ajikobi     Binta Abubakar-Mora     Esinrogunjo     Kayode Yusuf     Press Release     Agbarere     Col. Ibrahim Taiwo     Danladi     Kale Bayero     Binta Sulyman     Femi Ogunsola     David Oyerinola Adedunmoye     Taofik Abdulkareem Babaita     Ibrahim Abdullahi     Akume     Arinola Fatimoh Lawal     Benin Republic     Bankole Omisore     Muyiwa Oladipo Kanu     Femtech     Jumoke Gafar     Abubakar Kawu Baraje     Ayobami Seriki     Harafat E. Mukadam     Lanre Jimoh    

Cloud Tag: What's trending

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

Aminat Omodara     Alaro     NIRSAL     TESCOM 2025     Okin Group     Sheikh Hamzat Yusuf Ariyibi     Shettima     Unilorin FM     Ekiti     Nigeria Customs Service     Mustapha Olanipekun     Oasis Muslim Care Foundation     Sodiya     Eghe Igbinehi     Abdulrahman Abdulrasak     Danhawa     Ilorin South Constituency     NIPOGA     AIT Ilorin     Senior Staff Union Of Colleges Of Education     Jide Oyinloye     National Pilot     Quranic Recitation Competition     Yahaya A Paniyaro     Raji Ayodele Kamaldeen     Adesoye College     Bukola Saraki     CACOVID     Laolu Saraki     Ilorin General Hospital     Oro Grammar School Old Students Association     Shehu Jimoh     Adanla-Irese     Hikmah AbdulKareem     Tunde Kazeem     Ronke Adeyemi     Saliu Ajia     Akanbi-Oke     CELF     Doyin Group     Kale Belgore     Muritala Awodun     Lawan     Col. Taiwo     Issa Manzuma     Budo Egba     Olofa Of Offa     Federal Road Maintenance Agency     Agbarigidoma     Nagode     Odolaye Aremu     Saadatu Modibbo-Kawu     Kolawole Bashirat     Col. Ibrahim Taiwo     Folorunsho Alao     Deji Ajani     Yakubu Mohammed Abdullahi     Abdulraheem Yusuf     Oye Tinuoye     Kwarareports.com     Emir Of Shonga     Kwara State Football Association     Oladimeji Thompson     Allocation     Abdulrazaq Magaji     Muazam Nayaya     Harmony Holdings     Saliu Tunde Bello     NURTW     Mashood Dauda     Chartered Institute Of Personnel Management Of Nigeria     Bankole Omisore     Mahfouz Adedimeji     Dapo Teni Nig Enterprise     Iyabo Adewuyi     Balikis Jawondo     Omu Aran