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.

Lanre Jimoh     Saka Keji     Mumini Ishola Hanafi     Abdulkadri Ahmad Alaiye     Neuropsychiatric Hospital     Amusement Park     Olukotun Of Ikotun     Toyin Sanusi     Femi Agbaje     Eleja Taiwo Banu     Igosun     James Ayeni     Bolakale Kawu     Abdullahi Dasilva Yussuf     Shaaba Lafiagi     Kayode Ogunlowo     Lanre Issa Onilu     Marufat Oladosu     Awwal Jawondo     George Funsho Adebayo     Hydro-electric Power Producing Areas Development Commission     Ethical College     General Tunde Idiagbon International Airport Ilorin     KWAFFA     Muhammed Mahe Abdulkadir     Saba Jibril     Azeez Salawu     Hamza Usman     Ayodele Olaosebikan     Adisa Logun     Yahaya Seriki Gambari     Bello John Olanrewaju     Omu Aran     Clara Nwachukwu     Ibraheem Adeola Katibi     Kayode Alabi     JMK Construction Company Limited     Wahab Isa     Ilorin Talaka Parapo     Sulyman Abdulkareem     UNIFEMGA     Students Union Government     AbdulRazaq AbduMajeed Alaro     Busari Toyin Isiaka     Ayekale     Ahmed Bolaji Nagode     Saliu Shola Taofeek     Olatinwo     Balogin Alanamu     Onilorin     Umar Ahmed Gunu     Kazeem Adekanye     Rashidi Yekini     Idowu Laro     Yusuf Abubakar     JAAC     Muritala Olarewaju     Sadiq Umar     Sabi     General Hospital, Ilorin     Hassan Saliu     Isaac Gbenle     Yusuf Arowosaye     Joseph Offorjama     Obuh     Shuaib Jawondo     Kwara State University Of Education     Onilu     Alagbado     Abdulrazaq Solihudeen     CACOVID Palliatives     KWASAA     Amuda Aluko     Elekoyangan     Mike Omotosho     Bolaji Abdullahi     Bello Oyedepo    

Cloud Tag: What's trending

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

Quareeb Islamic Association     Offorjama     Okiki     Solomon Edoja     BECE     Oke-Oyi     Rashidi Yekini     Ibrahim Gambari     Lawan     Ben Duntoye     Abdulwaheed Musa     Olatinwo     Mohammed Kamaludeen     Dankaka     Oba David Oyerinola Adedunmoye     Just Event Online     Abdulrasheed Lafia     Toyin Saraki     Kwara Teaching Service Commission     Zara Umar     Ayegbeni     Jebba     Ibraheem Abdullateef     Saka Abimbola Isau     Wahab Issa     Paul Olawoore     Labour Party     Suleiman Yahya Alapansapa     Mope Dasuki Belgore     Kwara Liberation Group     Simeon Sayomi     Tsaragi     Oniwasi Agbaye     Abdulfatai Baakini     Albert Ogunsola     KWTV     Kwara Pdp     Javed Khan     Tanke Road     Razaq Ayobami Akanbi     Sobi FM     Bahago     Lola Olabayo     Ilorin South Constituency     Ilorin.Info     Temi Kolawole     Hamidat Sulyman-Yusuf     Soffiyyallah Kamaldeen     Sobi Hill     Oluronke Adeyemi     Moro     Share     Yusuf Lanre Badmus     Ramadan     Abdulrauf Aliyu     Abdulrazaq Magaji     Yahaya Seriki     Iliasu     Taofik Abdulkareem Babaita     Leke Ogungbe     Kulende     Abdulrasaq Alaro     Okanlawon Musa     Opolo Global Innovation Limited     CLAY POT     Bello Abubakar     Chief Imam Of Lafiagi     IF-K     Ghali Muhammed     Baba-Isale     Saka Balikis Kehinde     Tinubu Legacy Forum     Ilorin Likeminds Foundation     Omar Gambari     KWATMA     Mamatu Abdullahi     Sheikh Ariyibi