ALLEGATIONS, COUNTER ALLEGATIONS TRAIL ALLEGED PLAN TO SELL KWARA EXPRESS
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.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Hikmah AbdulKareem Coronavirus Babaita Adebara Special Agro-Industrial Hub UNIFEMGA Kehinde Baale Talaka Parapo AbdulFatai Adeniyi Dan-Kazeem Saheed Alakoso Babatunde Ishola Babaita Lawal Jimoh Kanu Agabi JAAC Abubakar Olusola Saraki Kehinde Boyede Afolayan Segun Adeniyi Islamic Development Bank Irepodun Umaru Saro AbdulRasaq Abdulmajeed Alaro Ganmo Electricity Sub-Station Busari Alabi Alausa Minimum Wage Sheriff Olanrewaju Voices Of Tomorrow Elese Of Igbaja Patience Jonathan Balogin Alanamu KWACOBPA Musa Ayinla Yeketi Col. Taiwo Oba Abdulrahim Okin Group Abdulmumini Sanni Jawondo Ilorin Emirate Shade Omoniyi Abdulrasheed Na\'Allah Abubakar Baba Sulaiman Sodiya IYA YUSUF SSUCOEN Atiku Doyin Awoyale David Oyerinola Adedunmoye MalHub Dele Momodu Jumoke Monsura Gafar Imodoye Writer’s Enclave Usman Rifun Salihu Alhaji Musa Ibrahim Agboola Gambari Towoju Titus Suberu-Ajibola Timothy Olatunde Fadipe Khadijat Ayoola Yusuf Maryam A. Garuba Igbomina General Tunde Idiagbon International Airport Solomon Edojah Hydro-electric Power Producing Areas Development Commission Abdulwahab Ololele Mary Arinde Taofik Abdulkareem Isaac Aderemi Kolawole Sheikh Ariyibi CCT Elerinjare Isau Onikijipa Yusuf Babatunde Abdulwahab Simeon Sayomi Saad Omo Iya Bilikis Oladimeji Khairat Gwadabe Okin Biscuit

