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.

Click to add/read Comments



Cloud Tag: What's trending

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

Ahmad Uthman     M.Y. Abdulrahaman     Olatunji Bamgbola     Aisha Buhari     March 28     Kwara Liberation Group     Abdulkarim Adisa     Khadijat Ayoola Yusuf     Kwasu     Kayode Ibrahim     Quranic Recitation Competition     Gbenga Awoyale     Ahmed Bayero     Olusola Saraki     Yekeen Alabi     Micheal Imodu-Ganmo Road     Kwara United     Adebara     Saraki     Ayedun     Abdulfatai Baakini     Awili Pedro     Code Of Conduct     Sanusi Abubakar     Musa Ayinla Yeketi     Tunji Arosanyin     Al-Ilory     Ojuekun Sarumi     Asa     Oba Abu     Oke-Kura     Sulyman Buhari     Jimoh Lambe Abdulkareem     GRA     Kwara State Coalition Of Business And Professional Associations     College Of Health     Offa Descendants Union     Agbarigidoma     Alfa Belgore     Alao Ayotunde     Ilorin Airport     Ganmo     Senate Presidency     Ayinde Oyepitan     Ayo Opadokun     Galland Marcias     Kwara 2015     Tsaragi     Oniyangi     Ita-Ore     Mufutau Gbadamosi Esuwoye     Onilu     Abdulsalam A. Yusuf     Kwabes     Amuda Musbau     Sherif Sagaya     Bankole Omishore     Taofik Abdulkareem     Ilorin West/Asa Federal Constituency     Ayodele Kuburat Olaosebikan     Ajibike Katibi     NAWOJ     Radio Kwara     Yunus Lawal     Mustapha AbdulGaniyu     Ishola Balogun Fulani     Segun Abifarin     Post-utme     Aremu Odolaye     Abdulrazaq Magaji     Abubakar Suleiman     Mohammed Yisa     Alagbado     Abdullahi Adisa Akodudu     Mohammed Abdulahi     Rotimi Atere     Gambari