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.

Muhammed Mahe Abdulkadir     Florence Saraki     Www.Kwarareports.com     Hauwa Nuru     Yomi Adeboye     Micheal Imoudu     Saba Jibril     Wahab Abayawo     Mufti Of Ilorin     Oladimeji Thompson     Lola Olabayo     Edu     IESA     Sabitiyu Grillo     Funmilayo Braithwaite     Kuliyan Geri     Salihu Yahaya     Elerin Of Adanla     Mohammed Danjuma     Ojo Isekuse     Awoye     Umar Saro     Isin     2023 Elections     Kayode Ogunlowo     Omoniyi Ayinla     Adanla-Irese     Micheal Imodu-Ganmo Road     Muslim Stakeholders Of Kwara State     Earlyon Technologies     Ibrahim Mohammed     Makama Of Kaiama     Garba Dogo     Haruna Tambiri Mohammed     Baba Issa Awoye     Abegunde Goke     Owo Isowo     Ilorin Emirate Staff Association     Road Transport Employers Association Of Nigeria     Garba Idris Ajia     Ilorin Durbar     Mogaji Aare     Medview Airlines     Umar Bayo Abdulwahab     Muyiwa Oladipo Kanu     Christian Association Of Nigeria     Victor Gbenga Yusuf     Senior Ibrahim Suleiman     Lithium Deposit     Lateef Alagbonsi     Oyedepo     JSSCE     2017 Budget     Ambassador Kayode Laro     Ajibike Katibi     Okala Baba     Oba Abdulkadir La\'aro     Muritala Awodun     Ishaq Oloyede     General Hospital, Offa     Oba Abdulraheem     Suwa-Arabs     Kwara NIPR     Budo-Egba     Ahmad Olayiwola Kamaldeen     Raliat Elelu-Habeeb     Wahab Issa     Umar Adelodun     Kwara State Football Association     Saudat Abdulbaqi     Olusegun Adeniyi     Kupchi Hosea Maxwell     Sheriff Shagaya     Afetu Of Alabe     Kayode Oyin-Zubair     Hassanat Bello     Tayo Awodiji    

Cloud Tag: What's trending

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

Makama Of Kaiama     Wole Oke     Olatunde Oyeyiola     Nagode     Centre For Digital Economy     General Hospital     Yusuf Ibitokun Sherifat     Durbar Festival     Oluronke Adeyemi     Zara Umar     IHS     CELF     Sidikat Alaya     Lanre Badmas     Mazars Consulting     AbdulRauf Keji     Shaykh Luqman Jimoh     Adesina Simon Sodiya     Rafiu Olasile     Ayinke Saka     Adegoke Bamidele     Bayo Ojo     Sa\'adu Salau     Share     FERMA     Millennium Development Goals     Aliyu Alhassan     Ezekiel Yissa Benjamin     Wasiu Odewale     Saka Balikis Kehinde     Adesoye     Boko Haram     Omar Bolaji Gambari     Savannah Centre For Diplomacy, Democracy And Development     David Oyedepo     Ayo Opadokun     Yashikira     Lateef Fagbemi     Shettima Of Ilorin     Hamidu Olowo     Sheikh Hamzat Yusuf Ariyibi     Garba Idris Ajia     Toyin Sanusi     Jeunkunu-Malete-Bani     Taofik Mustapha     Damilola Yusuf Adelodun     Ghali Muhammed     Galland Marcias     QuickWin     Saka Saadu     National Party Of Nigeria     AbdulKareem Yusuf Danhawa     Toyin Falola     Computer Based Test     Olaoye B. Felix     Earlyon Technologies     Col. Taiwo     Wahab Olasupo Egbewole     Kwara 2023     Hussein Oloyede     Adamu Ibrahim Sabi     Rotimi Oyedepo     Lawal Arinola Kudirat     Ibrahim Mohammed     Yahaya Abdulkareem     Issa Baba     College Of Education     Ambassador Kayode Laro     Benin Republic     Ilorin Airport     National Union Of Road Transport Workers     Abdulwaheed Musa     Temi Kolawole     Adedipe     Lithium Deposit     Pakata Patriots     Ballah