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.

Vishvas KOZ Tractors     Ilorin East     Joseph Offorjama     Ibrahim Issa Jetti     Kwara Polytechnic     JAMB     Bashir Omolaja Bolarinwa     Modupe Oluwole     Sa\'adu Salau     Oniyangi Kunle Sulaiman     UITH     Olabimpe Olani     Abdulrazaq Adebayo     Sarah Alade     Tunde Akanbi     TETFUND     Olatunde Jare     Computer Based Test     Gobir Organization Foundation     Kazeem Adekanye     Omu Aran     Hydro-electric Power Producing Areas Development Commission     Isiaka Abdulrazak     Zubair Folorunsho Erubu     Olam Food Ingredients     Col. Taiwo     Timothy Akangbe     Lateef Alagbonsi     Amos Bajeh     Emmanuel Bello     Ilorin Durbar     Ahman Patigi     Amuda Aluko     Kabir Shagaya     Rashidi Yekini     Inside Kwara     Sebastine Obasi     Ilota     Wole Oke     Durbar Festival     11th Galadima     AbdulGaniyu Kareem     Edret Sabi Abel     Muazam Nayaya     Kazeem Oladepo     Pilgrims Board     Yekeen Alabi     Femtech     Halimat Yusuf     Shagari     Bio Ibrahim     Akanji     Ilorin South     Park     Ijagbo     Afolasade Opeyemi Kemi     Bola Magaji     Yahaya Muhammad     Wahab Isa     Kolawole Akande     Emir Of Kano     Kwara State Sports Commission     Yakub Ali-Agan     Baakini     Popo-Igbonna     Gbemisola Oguntimehin     Isiaka Saka Opobiyi     Press Release     GAMA     Abdulfatai Ahmed     Gbenga Awoyale     Labour Party     Muhammad Toyin Sanusi     Adama Isa     Elerinjare     Niyi Osundare     Raji Ayodele Kamaldeen    

Cloud Tag: What's trending

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

Odo-Owa     Stephen Fasakin     Oniwasi Agbaye     Undergraduate Bursary     Baboko     Oyelere Oyinloye     C2c@kwarastate.gov.ng     Hauwa Nuru     Igosun     Ashiru     Alaaya     Oloje     Age AbdulKareem     Lateef Alagbonsi     Olupako Of Share     Trade Lenda SME Fair     Okin Biscuits     Nigerian Supreme Council For Islamic Affairs     Oluranti Idowu     Moro     Olubukola Kifayat Adedeji     Al-Hikmah Radio     Shettima Of Ilorin     Jumoke Gafar     Femi Ogunsola     Adebayo Salami     Tayo Awodiji     Balogin Alanamu     Abubakar Abdulraheem     Sarakite     Ajibola Saliu Ajia     Abdulrauf Yusuf     Hamidat Sulyman-Yusuf     Abdulquowiyu Olododo     Suleiman Ajadi     Adolescent Girls Initiative For Learning And Empowerment     Shaaba Lafiagi     Mujtabah Bature     07039448763     Ganiyu Taofiq     Simeon Ajibola     Olaiya Lawal     Kwara Liberation Group     Afolabi-Oshatimehin     Emir Of Ilorin     Ike Ekweremadu     Ola Falade     Aisha Gobir     Halimat Yusuf     Lola Olabayo     Dagbalodo     TVC Female National Debate     Ayobami Seriki     Oro Grammar School Old Students Association     SWAN     Baruten     Valsolar-Kwara Company Limited     Lawyers Unite Against Corruption     Bilikis Oladimeji     Metro Park     Busari Toyin Isiaka     Sa\'adu Salahu     Crystal Corner Shops     PPS     Ishola Abdullahi     Abatemi-Usman     Olatunji Moronfoye     Bola Ahmed Tinubu     Ibrahim Taiwo     Abdullahi Atanda     Salaudeen Oyewale     Kwara United     Public Holiday     Gbenga Adebayo     A.G.F Abdulrasaq     JUSUN     Ilorin Anchor Men And Women