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.

Moshood Mustapha     Kwasu     Centre For Peace And Strategic Studies     Ilorin Like-Minds     Owo Isowo     Dan Masanin     Ibrahim Abdulkadir Abikan     Tunji Folami     Bashiru Makama     Michael Ologundea     Salihu Alhaji Musa     Baba-Isale     Adebara     Oro Grammar School     Vasolar Consultoria     Isiaka Abdulrazak     Oniwasi Agbaye     COVID     National Democratic Congress     Saka Abimbola Isau     Babs Iwarere     Igbaja     Modupe Oluwole     Yakub Ali-Agan     Adewuyi Funmilayo     Yemi Osinbajo     Aso Ofi     Tayo Awodiji     Micheal Imodu-Ganmo Road     Ahmad Ali     Muslim Cementary     Kazeem Oladepo     Face Masks     Millennium Development Goals     Ahmed Idris Mohammed     Muhammed Akanbi     Lawal Arinola Kudirat     Kwara State Internal Revenue Service     Medinat Folorunsho Salman     Gbenga Adebayo     Oke-Kura     Inside Kwara     Ibrahim Bio     Just Law Forum     Saka Asiat Ayinke     Jumoke Monsura Gafar     Sunday Popo-Ola     Mike Omotosho     Saraki     Emir Of Ilorin     Adam Abdullahi Al-Ilory     Abubakar Bature Sulu-Gambari     Press Release     Oba Abdulrahim     Isiaka Saka Opobiyi     Hajj     Salman Alada     Yomi Adeboye     Olohungbebe     Usman Rifun     Aremu Odolaye     Frootify     Medview Airlines     Oluranti Idowu     Societe Generale Bank Of Nigeria     Adama Isa     Adebayo Mohammed Kamaldeen     Paul Olawoore     Funmi Salau     Garba Dogo     Hydroelectric Power Producing Areas Development Commission     Awwal Jawondo     Baruba     Tunde Kazeem     ER-KANG Mining     Oba Of Jebba     ANCOPPS    

Cloud Tag: What's trending

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

Sodiya     Logun     Ayinde Oyepitan     Kuliyan Geri     Clara Nwachukwu     Jumoke Gafar     Saliu Alamoyo     Alabere     JAAC     David Adesina     John Mayokun Dada     Jare Olatundun     Adamu B. Yaqubu     MMWG     Samuel Olusegun Adedayo     Ahman Pategi University     Sheikh Ridhwanullah     IFK     YAKOOYO     Talaka Parapo     Taiwo Joseph     Abdullateef Abdussalam     Moses Rahman Popoola     Yahya Mohammed     Chief Imam Of Lafiagi     Folorunsho Alao     Adamu Ibrahim Sabi     Kwara State Government     Saka Abimbola Isau     Asa LGEA School     Binta Abubakar Mora     Isiaka Abdulrazak     Kolawole Akande     Abdulrahman Iliasu     Kanu Agabi     Abiodun Musa Aibinu     Sa\'ad Alanamu     Yoruba     Bayo Mohammed Onimode     Forgo Battery     IF-K     Mohammed Jimoh Faworaja     Kwara 2023     Kayode Yusuf     Oba Abdulrahim     Aliyu Alhassan     Valsolar-Kwara Company Limited     Bola Shagaya     COVID-19 Palliatives     Obasanjo     Segun Abifarin     Women For Change And Development Initiative     Elekoyangan     Abdulrauf Yusuf     Pategi     Kwara     Maimunat Oniyangi     Sulu Gambari     Saka Asiat Ayinke     Kulende-UITH     Ahmad Fatima Bisola     Okoolowo     Read With Me     Iqra Books     Mutawalle     Code Of Conduct Bureau     Isiaka Gold     Coalition Of Kwara North Groups     New Nigeria People’s Party     SWAN     Tosho Yaqub     Garba Ayodele Wahab     Ayedun     Gamji Members Association     Kwara State Sports Commission     National Association Of Nigerian Students     Tunji Arosanyin