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.

International Aviation College     Nurudeen Mohammed     Oba Abdulrahim     Garba Ado Sanni     Mogaji Aare     Tinubu Legacy Forum     Senior Ibrahim Suleiman     Ilorin Durbar     Standard Organization Of Nigeria     Lanre Aremu     Ahman Patigi     Yusuf Ibitokun Sherifat     Kwara State Fish Farmers Association     Quranic Recitation Competition     NTA Ilorin     Oyedun Juliana Funke     Oluronke Adeyemi     Societe Generale Bank Of Nigeria     Bolaji Aladie     Sheriff Shagaya     Olubukola Kifayat Adedeji     Ibrahim Jawondo     Jimoh Saadudeen Muhammed     Face Masks     Muazam Nayaya     Ajibike Katibi     Trader Moni     Offa Poly     Galadiman Ngeri     Ajase-Ipo     Idris Amosa Saidu     Abdulrasheed Lafia     Mohammed Halidu     Ramadan     Olatunde Jare     Kayode Ogunlowo     Muhammad Yahya     Ahmad Olayiwola Kamaldeen     Government Girls’ Day Secondary School Pakata     Adesina Simon Sodiya     Baba Isale     Bahago     Ayeyemi Sulaiman     Mubarak Oladosu     Muslim Media Watch Group Of Nigeria     Abraysports FC     Inside Kwara     Oloruntoyosi Thomas     Tunji Folami     Oyin-Zubair     Ayedun     Kpotum Mohammed Baba     Public Holiday     Razaq Atunwa     Bola Olukoju     Binta Sulyman     Erubu Oba Zubair     Mahmud Ajeigbe     Ayegbeni     Ibrahim Taiwo     Aiyedun     Issa Memunat Moyosore     Tunji Olawuyi     Federal College Of Education (Special), Afon     Yunus Lawal     Abdulrosheed Okiki     Bamidele Aluko     Abdulraufu Mustapha     Rihanat Ajia     Labaeka     Sa\'adu Salau     Magaji Are     Apata Ajele Secondary School     Ben Duntoye     Ghali Muhammed     Valsolar-Kwara Company Limited     Alfa Belgore    

Cloud Tag: What's trending

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

Aisha Ahman-Pategi     Abiodun Jacob Ajiboye     Balogun Gambari     Boko Haram     Chief Of Staff     GRA     Zubair Folorunsho Erubu     Owu Fall     Abdulkadir Bolakale Sakariyah     Apaola     Sa\'adu Salau     Mubarak Oladosu     Christopher Ayeni     Tanke Road     Ilesha-Baruba-Gwanara     Amos Justus Sayo     Oniye     Rapheal Ashaolu     Durbar     Oko-Olowo     Rafiu Olasile     Dapo Teni Nig Enterprise     Kpotum Mohammed Baba     Muhammad-Mustapha Suleiman     Ben Duntoye     Oloye     Ayodele Olaosebikan     Revenue Court     Lawyers Unite Against Corruption     Moshood Mustapha     Mopelola Abdulmaliq-Bashir     Special Agro-industrial Processing Zone     Special Agro-Industrial Hub     Saba Mamman Daniel     Nupe     Saidu Isa     Ajase-Ipo     Benin Republic     Obasanjo     Ndama Al-hassan     Tunde Idiagbon Road     Aishatu Ahmed Gobir     Shade Omoniyi     Adebayo Salami     Tinubu Legacy Forum     Yahaya Seriki     Radio SBS     Amina El-Imam     NaAllah     Ileloke     AIT Ilorin     Naira Redesign     Ahmad Ali     Tinubu     Ishola Balogun Fulani     Abdulfatai Baakini     Yahaya Seriki Gambari     Afonja     Matthew Okedare     Hussein Olokooba     Funmilayo Isiaka Oniwa     Col. Ibrahim Taiwo     Abiodun Abdulkareem     Islamiya Abdulraheem     Twitter     Yakubu Shaaba     Magaji Erubu     Rihanat Ajia     Olofa Of Offa     Okala Baba     Rebecca Olanrewaju     Javed Khan     Abdulrahman Onikijipa     Olatunji Moronfoye     Alfa Modibo Belgore     TESCOM     Isau