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.

Javed Khan     Umar Ayinla Saro     Orisun Igbomina     IHS     Marufat Oladosu     Ola Falade     Usman Alkali Baba     International Public Sector Accounting Standards     Mansur Alfanla     Bareke     Rueben Parejo     Kaosarah Adeyi     Surajudeen Akanbi     Taofeek Sanusi     Temitope Ogunbanke     Mazars Consulting     Shehu Alimi Foundation For Peace And Development     Bolaji Abdullahi     Tunji Olawuyi     Yashikira     Lateef Ademola Olatunji     Yakubu Danladi     Tayo Alao     Amos Justus Sayo     Amusement Park     Mustapha Akanbi     Najim Yaasin     Ilorin South     LAK Jimoh     Folajimi Aleshinloye     Lanre Issa-Onilu     Basic Education Certificate Examination     Kayode Ishola     Plat Technologies     Jimoh Bashir     Rotimi Samuel Olujide     Risikat Lawal     Ilorin Water Reticulation     Zubair Folorunsho Erubu     AbdulKareem Yusuf Danhawa     Lawal Olohungbebe     Atiku     Iponrin     Economic And Financial Crimes Commission     Nupe     Ajasse-Ipo     Imodoye Writer’s Enclave     Adebara     Y.A. Abdulkareem     Ahmed \'Lateef     Mike Omotosho     Centre For Digital Economy     Aro Yahaya     Anilelerin     Oyin-Zubair     Shururat Olatinwo     Tunde Oyawoye     Doyin Agbamu     Babatunde Idiagbon     Ahmad Olanrewaju Belgore     Shaykh Luqman Jimoh     Rihanat Ajia     Ajakaye     Suleiman Rotimi Iliasu     Hakeem Idris     Abdulrasaq Alaro     COEASU     Mary Kemi Adeosun     Ahmad Lawan     Sabo-Oke     Www.Kwarareports.com     Jelili Yusuf     Adedeji Onimago     MATTA Girls Foundation     Islamiya Abdulraheem     Unilorin FM     Kola Shittu    

Cloud Tag: What's trending

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

Olaoye B. Felix     Rachael Obisesan     Abdulmumini Sanni Jawondo     Rueben Parejo     Radio SBS     Ola Falade     Musibau Akanji     Abdulfatah Ahmed     Wahab Kunle Shittu     Bayer AG     Mohammed Ajia Ibrahim     KWACOBPA     Chemiroy Nigeria Limited     Okin Malt     Law School Scholarship     National Association Of Nigerian Students     Turaki Of Ilorin     United Nigeria Airline     Shettima Of Ilorin     SARS     Oyawoye     Apado     MATTA Girls Foundation     Chief Imam Of Lafiagi     Raji Ayodele Kamaldeen     NAWOJ     Oasis Muslim Care Foundation     Photo News     Adijat Adebiyi     Elerin Of Erin-Ile     Sam Onile     Senate Presidency     MINILS     Garment Factory     Hameed Oladipupo Ali     Crystal Corner Shops     Ayedun     Emir Of Ilorin     Olatinwo     Olukotun Of Ikotun     Oloriegbe     Atunwa     Mohammed Katsina Ahmed     Nigerian Army     Ibrahim Agboola Gambari     Kwara South     Doyin Group     Oyun     Aisha Ahman-Pategi     Gafaru Olayiwola Olorisade     Christopher Ayeni     Ronke Adeyemi     Apaola     Michael Ologundea     IsDB     Ijakadi     Age AbdulKareem     Olubukola Kifayat Adedeji     Bibire Ajape     Lai Mohammed     Oba David Oyerinola Adedunmoye     Mohammed Yahaya Barki     Iyabo Dupe Adekeye     Kwara State Health Insurance Agency     Lawal Arinola Kudirat     Bature Bello     Ojuekun     Siraj Oyewale     Firdaos Amasa     Islamic Development Bank     KWAFFA     Atiku Abubakar     Akanji     Bolakale Kawu Agaka     Ayinde Oki     CACOVID Palliatives     Salman Jawondo