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.
Sunday Otokiti Abdulwaheed Musa NITDA David Adesina EFCC Summit University M.Y. Abdulrahaman AbdulQowiy Olododo KWACOBPA Dorcas Afeniforo Abatemi-Usman Agbarere Ilorin Talaka Parapo Nurudeen Muhammed Saka Balikis Kehinde Aliyu Sabi Roheemat Hammed Societe Generale Bank Of Nigeria Pategi Micheal Imoudu Saliu Ajibola Ajia Mohammed Katsina Ahmed Lateef Fagbemi Ahman Pategi University Democracy Day Arinola Lawal UITH Olukotun Of Ikotun Adesina Simon Sodiya Special Adviser On Digital Innovation Special Agro-industrial Processing Zone Ilorin South Constituency Kayode Issa Gbemisola Saraki Split Diamond Interchange Kayode Ishola Aliyu Olatunji Ajanaku Lola Ashiru Tafida Of Ilorin Fulani Kwara Apc Hamza Usman Garment Factory Femi Oladiji Suleiman Ajadi Mustapha Akanbi Ahmed Mohammed Rifun Association Of Kwara State Online Media Practitioners Cassava Growers\' Association Sulu Babaita Isiaka Ali Ahmad Femi Agbaje Kwara 2019 Wasiu Odewale IHS Towers Laboratory-to-Product Michael Nzwekwe Omoniyi M. Ayinla AbdulFatai Adeniyi Dan-Kazeem Joana Nnazua Kolo Otoge Musa Alhassan Buge Makama Of Ilorin Kwara State Sports Commission Abdulrosheed Okiki Gurei Dunmade Nnazua Durbar Festival Ballah Bureau Of Lands Mogaji Aare Kwara NIPR Elerin Of Adanla Valsolar Matthew Babaoye Yusuf Abdulraheem

