Kwara Assembly to recover alleged Government Assets in private hands

Date: 2017-09-07

The Kwara State House of Assembly has restated its commitment towards recovering state government's properties in private hands, to ensure equity, probity and accountability in government owned companies.

The Speaker, Dr. Ali Ahmad gave the assurance in Ilorin, while inaugurating an ad- hoc Committee to investigate Allegation of Misappropriation, relating to government Assets under Harmony Holdings.

Dr. Ahmad explained that the investigation, became imperative, as the legislature was inundated with several stories, petitions and reports of mismanagement and alleged fraud that Harmony Holdings, its subsidiaries, or some of its staff converted or sold choice properties to themselves or their acquaintances and allegedly failed to show evidence of payment of commercially competitive prices into appropriate accounts, pointing out that " director's breach of fiduciary duties to the company has been wide spread and other sundry allegations inconsistent with running of a purely commercial, profit - driven conglomerate.

The Speaker commended the state Governor, Alhaji Abdul Fatah Ahmed, for coming up with the initiative of Harmony Holdings Limited, to "oversee other smaller and industry- specific entities" to reinvigorate and redirect all potentially income - yielding and revenue generating agencies and parastatals of government.

He said the investigation was geared towards establishing facts, proffer recommendations and ensure that the company, which he said, is the repository of the state's collective wealth, is salvaged and restored to the path of profitability and enjoined Kwarans to give the the committee and the Holdings, the benefit of doubt.

Dr. Ahmad who allayed the fear that the House was out to witch hunt or victimize any one , urged members of the ad- hoc committee to discharge their duties in accordance with the salient provisions of section 128 of the nation's Constitution.

He disclosed that the House has given a week of grace to individuals or institutions to return what they have earned unduely from the company to the State and praised a member of the committee Hon. Adamu Usman who returned his landed property, given to him by the company free of charge many years ago in Abuja.

Responding, the Chairman of the Ad- hoc Committee and House Leader, Hon. Hassan Oyeleke promised to carryout thorough investigation, without fear or favour, pointing out that " we will not leave any stone unturned in our attempt to unearth the misery behind the management of our collective resources ".

Meanwhile, a member of the committee Hon. Adamu Usman who was a senior Accountant of the company between 2012-2013, has willingly surrendered all benefits accrued to him, to enable him to be fair in the discharge of his duty, pointing out that the investigation was long overdue.

 

Cloud Tag: What's trending

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

David Oyepinola Adedumoye     Babatunde Idiagbon     Bayo Lawal     Kwara Basketball Association     Hydro-electric Power Producing Areas Development Commission     Kunle Okeowo     Ministry Of Women Affairs And Social Development     Dagbalodo     College Of Arabic And Islamic Legal Studies     Kulende-UITH     Ilorin Emirate     Ndakene     Funmilayo Isiaka Oniwa     Lawal Olohungbebe     Issa Oloruntogun     Abiodun Abdulkareem     Otunba Taiwo Joseph     Bio Ibrahim     Oyin-Zubair     Aliyu Adebayo     Kamaldeen Ajibade     Balikis Jawondo     Ebola     Vasolar-Kwara Company Ltd     Sunday Otokiti     Timothy Olatunde Fadipe     Oba Of Jebba     Adaramaja     Ibrahim Mashood     Taibat Ayinke Ahmed     Babaita     Ayo Salami     Shehu Adaramaja     Olatinwo     2023 Elections     Sambo Murtala     Kulende     Matthew Okedare     Atiku Abubakar     Iyeru Grammar School     Ahmad Lawan     Segun Olawoyin     Kwara 2023     Bashir Adigun     Bureau Of Lands     Hamidat Sulyman-Yusuf     Shagari     Ike Ekweremadu     Razaq Atunwa     Kwara Consultative Forum     Kanu Agabi     Kwara University Of Education     Elections     Abdulrahman Onikijipa     Abdulganiyu AbdulAzeez     Niyi Ogundiran     Ishaq Abdulkarim     Abdulrahman Iliasu     Kawu     Galadiman Ngeri     ASKOMP     Fatai Olodo     Yusuf A. Usman     Christopher Ayeni     PharmAccess Foundation     Nagode     Oyelere Oyinloye     Ibrahim Mohammed     Awwal Jawondo     ER-KANG Mining     Ayoade Akinnibosun     Suwa-Arabs     HYPPADEC     Muhammad Akande Olarewaju Odunade     Olusegun Adeniyi     Charles Ibitoye     Oke-Ogun    

Cloud Tag: What's trending

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

Dorcas Afeniforo     Wole Oke     Women For Change And Development Initiative     Ilorin Talaka Parapo     Shuaib Olarongbe     Haruna Olawale Sulaiman     HYPPADEC     Lanre Badmas     Garuba Alikinla Shittu     Logun     IsDB     Saliu Oluwole     Mohammed Danjuma     Kwara Polytechnic     Babs Iwarere     College Of Health     Medview Airlines     Abdulraheem Yusuf     Rebecca Bake     Wahab Femi Agbaje     Rihanat Ajia     Ibrahim Labaika     ASMAU PLAZA     Bature Bello     AbdulRaheem Ahmad Shayi     Ayobola Ipinlaiye     Aremu Odolaye     Senate     Esuwoye     All Peoples Party     Fatai Adeniyi Garba     Bankole Omisore     Ibrahim Kayode Adeyemi     Y.A. Abdulkareem     Abdulkadir Akanbi-Oke     Hikmah AbdulKareem     Florence Saraki     Abdulkareem Alabi     Yusuf Ibitokun Sherifat     AbdulHakeem Ajibola Akanbi     NAWOJ     Rotimi Samuel Olujide     Elerinjare     Balogun Gambari     Sobi Specialist Hospital     Gobirawa     Chief Imam Of Lafiagi     Kwara State Infrastructure Development Fund     Suleiman Abubakar     Lucky Omoluwa     Pacify Labs     Suleiman Yahya Alapansapa     Suraj Tunji Oyewale     Patience Jonathan     Saduki Lafiagi     Gbenga Olawepo     CBT     Durbar Festival     Abdullahi Atanda     Alaro     Raimi Iyanda     Tunji Arosanyin     Moro     Teachers Specific Allowance     Idi-Ape     Moshood Mustapha     Abdulrazaq Adebayo     Segun Ogunsola     Shagari     Kwara Muslim Pilgrims Welfare Board     International Public Sector Accounting Standards     Olatunde Michaels     Alimi Abdulrazaq     Alloy Chukwuemeka     Arinola Fatimoh Lawal     Kumbi Titilope     Aminat Omodara