ALLEGATIONS, COUNTER ALLEGATIONS TRAIL ALLEGED PLAN TO SELL KWARA EXPRESS

Date: 2014-03-30

Workers of Kwara State Transport Corporation, otherwise known as Kwara Express, have raised the alarm over alleged plan by the management of the company, Kwara Holdings Limited, to sell the corporation to private owners.

The placard-carrrying workers, who carried out picketing on the company in Ilorin at the weekend, accused the management of gradual liquidation of the transport company with the aim of selling its assets, such as land, vehicles, equipment and rendering the staff redundant in preparation for outright sale to private owners.

The aggrieved workers, who raised various allegations against the management, also cited irregular payment of workers’ salary, adding that the management outfit allegedly seized the corporation’s Certificate of Occupancy with the aim of selling the land.

They also accused the management of continuous borrowing of money in the name of the corporation, “even when the corporation generates enough revenue to stand on its own”, arguing that the corporation was not liquidated as being reflected.

 However, speaking with journalists in Ilorin, the Group Managing Director of Harmony Holdings, Mr Tope Daramola, said the allegations were nothing but fabrication of facts by a set of cabal among the workers.

Mr Daramola, who said his outfit came in to oversee the transport corporation when auditors  brought in by the state government classified the place as insolvent, added that large sum of money was unaccounted for, while bank loan secured by the corporation was not also serviced.

Source

 

Cloud Tag: What's trending

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

Oloyede     Ahman Pategi University     Kale Kawu     Kulende-UITH     Buari Edun     Bola Tinubu     Alimi     Kwara State Geographic Information Service     New Nigeria People’s Party     Owode Market     Busari Toyin Isiaka     Kwara University Of Education     Abdulrahman Abdulrasaq     Demola Banu     Cassava Growers\' Association     Kwara State Polytechnic     HAMFAT Clinic And Maternity     Egbejila     11th Galadima     Abdulmumini Jawondo     Summit University     Saka Saadu     Muhammed Taofeeq Abdulrazaq     Abubakar Abdulraheem     International Public Sector Accounting Standards     Abdulmumin Yinka Ajia     Wale Oladepo     Bayer Nigeria Limited     Yusuf Abdulraheem     Tanke Flyover Bridge     CUTI     Mary Arinde     Saliu Oluwole     Bello Bature     Tunde Oyawoye     Kola Ologbondiyan     Ramat Oganija     Femi Ogunsola     Arinola Lawal     ASMAU PLAZA     Dogara     Ayotunde Emmanuel Alao     Sarah Alade     Monkey Pox     Ajeigbe     Yahaya Seriki     Ilorin South Constituency     Valsolar Consultoria     All Confederation Of Principals Of Secondary Schools     Ijagbo Health Centre     Simeon Sule Ajibola     Kwara Consultative Forum     Mohammed Lawal Bagega     Bankole Omisore     Ahmad Fatima Bisola     Kola Olota     Ethical College     Bello Oyebanji     Hussein Olokooba     Odo-Owa     ITEM 7     Michael Ologundea     Bolaji Abdullahi     Abdulrasheed Lafia     Risikat Lawal     Mohammed Khadijat Kubura     Mohammed Abduraheem     Markaz Arabic And Islamic Training Institute, Agege     Shehu Alimi Foundation     Playing Host     Kassim Babamale     Adebara     Idris Garba     Titus Suberu-Ajibola     Olatomiwa Williams     Jide Ashonibare     Toyin Olayinka Tejidini    

Cloud Tag: What's trending

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

Shoprite     Musa Ayinla Yeketi     Adedipe     Adegoke Bamidele     Bayer Nigeria Limited     Yahaya Jibril Usman     Oloruntoyosi Thomas     JMK Construction Company Limited     Millennium Development Goals     Tafida     Wahab Kunle Shittu     Bankole Omisore     Bolaji Gambari     Sardauna     Okanlawon Taiwo     Memunat Monsuma     Bola Magaji     Oyelere Oyinloye     Ahmed Bolaji Nagode     Olokoba     Bello Oyebanji     Oba David Oyerinola Adedunmoye     Awoye     Samuel Adedoyin     Bashir Badawi     Vasolar Consultoria     Abdulsalam Firdaous Amosa     Musa Yeketi     Ilorin International Airport     Ilorin Innovation Hub     Isaac Aderemi Kolawole     Olatunji Bamgbola     National Union Of Road Transport Workers     Women For Change And Development Initiative     LEAH Charity Foundation     Abubakar Imam     Radio Kwara     International Vocational Centre     Sidikat Uthman Ajibola     Yahaya Abdulkareem     Abdulrazaq Adebayo     IHS     Ahmed Shuaib Buranga     Abdulquawiy Olododo     Shehu Alimi Foundation     Issa Manzuma     Abubakar Usman Jos     AGF Abdulrazaq     Yahaya Oloriegbe     Mohammed Tunde-Jimoh     Lithium Deposit     Twitter     Ajibike Katibi     Gbemi Saraki     Alore     Oko-Erin     Opolo Global Innovation Limited     Facemasks     IPSAS     KFA     Adamu B. Yaqubu     Nurudeen Mohammed     Okedare     Olomu Of Omu-Aran     Kwara 2019     Saheed Popoola     Mubarak Oladosu     Mustapha AbdulGaniyu     Abubakar Abdullahi Bata     Abdulkareem Alabi     Apado     Lawal Jimoh     Oyedun Juliana Funke     Arca Santa     Sherif Sagaya     Asiwaju Bola Tinubu     Markaz Arabic And Islamic Training Institute, Agege