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.
Taofik Abiodun Ahmed Adamu Ibrahim Sabi Senate Presidency NIRSAL Elerin Of Erin-Ile A.E. Afolabi All Peoples Party Adekunle David Dunmade Danhawa Taibat Ayinke Ahmed Florence Saraki Babatunde Ishola Babaita Christian Association Of Nigeria CUTI Alimi Abdulrazaq CACOVID Palliatives Olateju Lukman Radio Kwara Alanamu Bureau Of Lands Toyin Sanusi Sabi Tuesday Assayomo CCT Awwal Jawondo Alimi Sidikat Akaje Oke-Ode Suraj Tunji Oyewale NFAI Fatai Garuba Labaka Ahmad Olayiwola Kamaldeen Doyin Awoyale Abubakar Ndakene Rueben Parejo Mashood Abdulrafiu Agboola Abdulraheem Olesin Saliu Shola Taofeek Ita-Nmo Market Abatemi Usman Budo-Egba Sebastine Obasi Mahmud Ayinla Giwa Kolawole Bashirat 20 Billion Bond UITH Ayedun Guber Aspirant Adesoye College Pakata Patriots Aminat Omodara Mary Kemi Adeosun CACOVID Oro Grammar School Moshood Mustapha Frootify Village Alive Development Association CCB Kemi Adeosun Bukola Ajikobi KWASSIP Gbugbu Ahmed Bayero Odolaye Aremu Kwasu ITEM 7 Suleiman Abubakar Saadatu Modibbo-Kawu AbdulRaheem Ahmad Shayi Cornelius Fawenu Olayinka Are Mamatu Abdullahi Temi Kolawole Abdulrasheed Na\'Allah Woro George Innih REO CAKES

