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.

Alimi     Iyabo Adisa Ibiyeye     Abdulkadir Orire     Lawal Jimoh     Reuben Paraje     Kolawole Bashirat     Raji Ayodele Kamaldeen     Col. Adedipe     Al-Adaby     Kayode Laro     Magaji Are     Femi Ogunsola     Oluwatoyin Lukman     Wale Oladepo     Old Oyo     Sarkin Malamai     Doyin Agbamu     Muhammad Fawaz Abubakar     Yusuf AbdulRasheed     Salaudeen Oyewale     Abdulazeez Uthman     Abdulfatai Salman Baakini     Omotoso     FOMWAN     Federal Polytechnic Offa     Khadijat Ayoola Yusuf     Amuda Bembe     Aasiyat Bello Oyedepo     S.O. Opowoye     Baaziki Sulaiman     Musibau Akanji     Hassan Abdulazeez Elewu     David Adesina     Tope Daramola     Donatus Ejidike     Forgo Battery     Onilorin     Muhammed Akanbi     Voices Of Tomorrow     Modibbo Kawu     Hikmah AbdulKareem     Elekoyangan     Idiagbon     Pakata     Issa Manzuma     Vishvas KOZ Tractors     College Of Arabic And Islamic Legal Studies     Folaranmi Aro     Alimi Abdulrazaq     Lanre Issa-Onilu     Joana Nnazua Kolo     Demola Banu     Mutawali Of Ilorin     Peter Amogbonjaye     Yusuf A. Usman     Al-Hikmah University     International Aviation College     Ibrahim Taiwo Road     Alabi Olayemi Abdulrazak     Yahaya Muhammad     Isaac Gbenle     John Kehinde Salako     Kamaldeen Gambari     Amosa     Offa Poly     Kwabes     Balogun Ajikobi     Olaitan Buraimoh     Abubakar Usman Jos     Tunde Mukaila Mustapha     Baboko     Suleman Abubakar     Ajasse-Ipo     Fatimoh Lawal     Ahman Pategi     Ahmad Fatima Bisola     Mamman Saba Jibril    

Cloud Tag: What's trending

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

Makama Of Ilorin     Centre For Peace And Strategic Studies     Nigeria Foundation For Artificial Intelligence     Joseph Bamigboye     Abdulrauf Yusuf     Basit Olatunji     Abdulmalik Bashir Mopelola Risikatullahi     Alore     Muritala Awodun     07039448763     Abdulbaqi Jimoh     Wole Oke     Ekweremadu     Bilikisu Gambari     Galland Marcias     Ilesha-Gwanara     Saliu Oluwole     Opaleke Bukola Iyabo     YAKOOYO     KWATMA     Kwara Politics     Shao     Yusuf Zulu-Gambari     Muhammed Taofeeq Abdulrazaq     Aishat Mohammed Lawal     Babajide Ajayi     Popo-Igbonna     Ibrahim Akaje     Tsaragi/Share     Abdullahi G. Mohammad     Oja-Oba     Alabi Olayemi Abdulrazak     Dorcas Afeniforo     Offa Grammer School     Agbarere     Egbewole     Countryside Emerging Leaders Fellowship     AbdulHamid Adi     NULGE     Yoonus Lawal     Khairat Gwadabe     Lukman Oyebanji Fagbemi     Olofa Of Offa     Lawal Olohungbebe     Gobir Organization Foundation     Hajj     Toyin Abdullahi     Jimoh Akani     Abdulrazaq Magaji     Rapheal Ashaolu     Olabimpe Olani     Police Commissioner     Saraki     Adolescent Girls Initiative For Learning And Empowerment     Ayeyemi Sulaiman     Ilorin Amusement Park     Bolaji Abdullahi     Ahmed Saidu Rufai     Elekoyangan     Tinubu Legacy Forum     Hassan Abdulazeez Elewu     Special Agro-Industrial Hub     A.G.F Abdulrasaq     National Party Of Nigeria     Oladimeji Thompson     Olateju Lukman     Sanusi Abubakar     Paul Olawoore     Umar Ayinla Saro     Sarah Jubril     Bola Ahmed Tinubu     Abubakar Baba     LEAH Charity Foundation     Abdulquowiyu Olododo     Ariyo     11th Galadima     Umar Adelodun