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.
Ayo Opadokun Adewuyi Funmilayo Zara Umar New Model Police Station Salake Ishola Balogun Fulani Obasanjo Labaeka Funmilayo Braithwaite Royal FM Radio Kwara GAMA Sai Kayi Salary Senior Staff Union Of Colleges Of Education Garba Ayodele Wahab Amina Susa\'a De Ahmed Amos Bajeh Kassim Babamale Abdulrazaq Aiyelabegan Ilofa Medview Airlines Oba Mogaji Abdulkadir Abdulrazaq Akorede Olatunji Ibrahim Nagode Hakeem Idris Centre For Community Empowerment And Poverty Eradication Jebba Odo-Owa Atiku Ahmed Ahmed Saidu Rufai Mutawalle Nigeria Governors\' Forum United Nigeria Congress Party Code Of Conduct Tribunal Ijakadi Yahaya Dumoye Adama Isa Saka Keji Segun Olawoyin Oluronke Adeyemi Baboko Patigi Regatta Raliat Elelu-Habeeb Adesoye College Chartered Institute Of Personnel Management Of Nigeria Na\'Allah Col. Ibrahim Taiwo Sodiya Mujtabah Bature SWAN Amasa Afolayan 20 Billion Bond Unilorin Shero NURTW Bola Tinubu Ilorin South Constituency Y.A. Abdulkareem Muhammadu Buhari Kwarareports Ahmed Dankaya Age AbdulKareem Ilorin Emirate Staff Association Sayomi Sunset Workers Special Agro-Industrial Hub Asa GANZY Sardauna Iyabo Dupe Adekeye Oloje Idofin Taofik Abdulkareem Babaita