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.

IFK     Shuaib Olarongbe     Kazeem Oladepo     Minimum Wage     Segun Olawoyin     Adeniyi Ojo     Ayeyemi Sulaiman     Kwara State Television     NAWOJ     CACOVID     Otunba Taiwo Joseph     Dairo Kunle Paul     Durbar Festival     Patience Jonathan     Unilorin     Olatunji Ayeni     HICA     Kwara 2023     Isiaka AbdulRazaq     MalHub     Yusuf Babatunde Abdulwahab     ER-KANG     Shonga Farm Project     Quareeb Islamic Association     Akom Construction And Engineering Synergy Ltd     Samuel Olusegun Adedayo     Sam Okaula     Tescom.kwarastate.gov.ng     Oke-Odo     AbdulKareem Yusuf Danhawa     Olatinwo     Okin Biscuit     Bello Oyedepo     Alfa Modibbo Belgore     Peter Obi     Bisi Oyeleke     Riskat Opakunle     Saidu Kawu     FERMA     Jimba Babatunde     Timothy Akangbe     Olayinka Oladapo Jogunola     Maigida Soludero Transit     Tosin Saraki     Kwarareports.com     Muhammed Danjuma     Omar Bolaji Gambari     Face Masks     Arik     Shaykh Luqman Jimoh     Akeem Lawal     National Broadcasting Commission     Christian Association Of Nigeria     Micheal Imodu-Ganmo Road     Awwal Jawondo     Ademola Kiyesola     Moro     Unilorin FM     Titus Ashaolu     All Confederation Of Principals Of Secondary Schools     Tunji Moronfoye     Abdulrahman Abdulrasaq     Ridhwanullah Al-Ilory     Niyi Osundare     Ekweremadu     Jamiu Oyawoye     Code Of Conduct Bureau     Ayodele Shittu     Suraj Tunji Oyewale     HYPPADEC     Olatunji Moronfoye     Hassanat Bello     Amos Bajeh     Sidikat Alaya     Kwara State Infrastructure Development Fund     Vasolar     Moronfoye    

Cloud Tag: What's trending

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

Kayode Laro     Moji Makanjuola     Student Learning Support Helpline     Solomon Edoja     Ayobola Ipinlaiye     Garba Idris Ajia     Minister     Basit Olatunji     Durbar     Olayinka Oladapo Jogunola     Issa Manzuma     Najim Yaasin     Baba Isale     SGBN     Bello Oyedepo     Abdulrazaq Adebayo     Alimi     Muhammed Taofeeq Abdulrazaq     Oye Tinuoye     Abdulazeez Uthman     Funmilayo Braithwaite     Bola Shagaya     Chief Imam Of Offa     Raji Ayodele Kamaldeen     Bilikisu Oniyangi     Volunteers Of Ilorin Community And The Emirate     Offorjama     PharmAccess Foundation     Abubakar Kawu Baraje     Plat Technologies     NULGE     Ibrahim Abdullahi     Ebola     CCB     Deji Ajani     Elections     Khairat Gwadabe     Abdulrosheed Okiki     Muhammad-Mustapha Suleiman     Abdullahi Adisa Akodudu     Revenue Court     Kwara University Of Education     Omotoso     T And K FOODS     Shehu Raheem Adaramaja     Adama Isa     Col. Ibrahim Taiwo     Jumoke F. Ajao     Sulyman Tejidini     Unilorin FM     Sheikh Alimi     Solomon Edojah     Usman Alkali Baba     Olabode George Towoju     LAK Jimoh     Umaru Saro     Moses Adekanye     Okin Biscuits     Sabi     Funmi Salau     KWACOBPA     Babatunde Ajeigbe     Saliu Ajia     Bolaji Nagode     Jebba     Saidu Kawu     Kale Ayo     Vishvas KOZ Tractors     Odo-Owa     Ilorin International Airport     Sheikh Ridhwanullah El-ilory     Ajibike Katibi     Ayodele Kuburat Olaosebikan     Abiodun Abdulkareem     QuickWin     Ethical College     Bola Tinubu