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.
Ibrahim Labaika Abdulrasaq Alaro Fatai Garuba Labaka Al-Hikmah University Hameed Oladipupo Ali Ibikunle Ogunleye Ibrahim Gambari Sai Kayi Saidu Isa Oladimeji Thompson Olayinka Are Olaiya Zuberu Yusuf Amuda Gobir SARS Olushola Saraki Ilorin West Manzuma Kwarareports.com Oniwasi Agbaye Mohammed Yahaya Barki Muslimah Entrepreneurship Forum First Lady Eghe Igbinehin Olaiya Victor Mobolaji Saliu Ajia UNILORIN Alumni Association Marufat Oladosu Saadu Gbogbo Iwe ASKOMP Seun Bolaji Segun Adeniyi Buari Edun Aliyu Sabi Ola Falade Third Estate Ahmad Uthman Adam Abdullahi Al-Ilory Taofeeq Olateju Igbaja ER-KANG Mining Nigeria Company Limited Ayo Salami Okin Group Ayodele Olaosebikan Facemasks Kwara North Nigeria Computer Society Tunde Idiagbon Road Odogun Olushola Gabriel Ramadan Durosinlohun Kawu Bashir Badawi Haliru Yahaya Ilorin Water Reticulation Yahaya Jibril Usman Ojuekun Sarumi Modupe Oluwole Kwara State Branch Of The National Library Ajuloopin Borgu Abdulfatai Salman Baakini Sarafadeen Kayode Akorede Muyideen Ajani Bello Ibrahim Taiwo Road Kwara Polytechnic Mumeen Lah Mashood Abdulrafiu Agboola Isiaq Khadeejah Wole Oke Bature Bello Binta Abubakar-Mora Abdulmutalib Shittu Aliyu Alhassan Samari Abdulsalam A. Yusuf Toyin Saraki Yahaya Dumoye Egbewole

