Kwara Assembly dissatisfied with Harmony Holdings operation, says activities must be open to Kwarans
The Speaker, Dr. Ali Ahmad gave this indication in Ilorin during the 2016 Ministerial Budget Defence of Harmony Holdings before the House Committee on Finance and Appropriation.
Ahmad explained with dissatisfaction that the operations and activities of the Holdings were shrouded in secrecy, which according to him should not be so.
He said the Holdings was incorporated by the State Government as company to ensure efficient running of all the State Owned Ventures to improve the Internally Generated Revenue IGR of the State Government,pointing out that from 2016, the legislature would no longer appropriate any public fund to the holdings.
The Speaker explained that the 8th Legislature under his watch would continue to be people-oriented in its legislative duties and enjoined the hierarchy of the Holdings to be innovative in its operations to enable Harmony Holdings properly harness the economic potentials of the State.
The Speaker noted with dissatisfaction that the State government had invested greatly in the Harmony Holdings, stressing that the Holdings was not generating IGR to justify the government's colossal investment in the limited liability Company.
Ahmad who counselled the management of the Holdings on how to expand its Capital base disclosed that the House of Assembly would continue to interact with management of the holdings for accountability and improved performance to justify its existence.
He equally assured that the House of Assembly would continue to create enabling environment for effective service delivery by the Holdings.
This he said would be achieved by addressing issues hampering its effective operation, noting that Harmony Holdings has the capability to surpass the performance of Odu'a investments in the South West and become an international outfit, if the management was innovative, efficient and transparent in running the affairs of the Limited liability company
Ahmad then directed the Group Managing Director of the Holdings to produce credible information on release of funds to it from 2013 to date by the State Government.
Earlier, the Group Managing Director of Harmony Holdings Tope Daramola who enumerated the activities and challenges confronting the Holdings said the State government owns all the shares of the Company 100% and no individual has any proprietary interest in it.
He further disclosed that the Holdings had not taken full control of the State Owned International Aviation College and Advanced Diagnostic Centre thereby hampering its revenue generation to the coffers of the State government.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Wahab Isa Okanlawon Musa COEASU Muhammed Danjuma Alfa Modibo Belgore Obasanjo Isiaq Khadeejah Oni Adebayo M.Y. Abdulrahaman Abdul-Rahoof Bello Ilorin Curfew Saka Balikis Kehinde Akume Local Government Abdulrasheed Akogun Wole Oke Mahee Abdulkadir International Aviation College Saba Jibril Mohammed Abduraheem Igbomina Ahmad Uthman IQRA College Tosho Yaqub Ibrahim Akaje Abdulbaqi Jimoh Usman Rifun Unilorin Rasheed Jimoh Idowu Laro Emmanuel Bello Taiwo Joseph Olatunji Ibrahim Shola Odetundun Ahmad Lawan Sunset Workers Goodluck Jonathan Victor Gbenga Yusuf Tunde Yusuf IDPU Roseline Oni Aremu AGM Professional Services Ibrahim Bio Sherif Shagaya Mutawali Of Ilorin JMK Construction Company Limited Olushola Saraki Lateef Alagbonsi Women Radio ENetSuD Sola Saraki Educational Foundation Nigerian Army Ibrahim Abdulqadir Abikan Kanu Agabi Ishola Abdullahi Lanwa Saka Keji Aremu Odolaye Isiaka Rafiu Mope Abdulfatai Ahmed Eghe Igbinehi Muideen Olaniyi Alalade Aminu Adisa Logun Adesoye College Abdulkadir Jimoh Nupe IYA ALFA NLA Ilesha-Baruba Kazeem Oladepo Public Holiday Kayode Ibrahim Balogun Ajikobi Dagbalodo Abubakar Ndakene Moses Rahman Popoola Albert Ogunsola Adewuyi Funmilayo