Investment coy to unveil revamped Kwara Express soon - Management

Date: 2021-01-09

The Management of Harmony Holdings Ltd, due to run the 45-year-old Harmony Transport Service Limited, popularly known as Kwara Express, says it would be unveiling a successor company soon, after the old one was shut down due to fraud.

Mr Abdullahi Abdulmajeed, the Group Managing Director (GMD) of the company, on Thursday, in Ilorin, told newsmen that operations of Kwara Express were shut down since October 2020, over alleged crisis between the management and the workers' union.

He said that although the company had failed to make much headway in the past, it was now poised to return to profitability given the commitment to reposition it to sustainable heights.

The GMD said already a Business Report and Review Committee set up by government to investigate the activities of the company had made far reaching recommendations on the way forward.

"We are hopeful that a new Kwara Express will be unveiled soon; We are hopeful that we will get our approval any moment from now and that approval is expected to see to the opening of Kwara Express in a new way.

"Vehicles will be refurbished; arrangements are underway to get new vehicles, cash management system would become cashless, while Fuel procurement system will become cashless through coupon and maintenance system will be more effective.

"We will have a better cost-to-revenue system and we can make that organisation serve Kwarans more efficiently and profitably, such that whatever the amount of money invested in it will be recouped with profit", he said.

He observed that the systemic fraud by staff of Kwara Express made it impossible to run the business profitably, right from inception as a public corporation, before it was acquired by Harmony Holdings Ltd, which is the Investment Management Company of the Kwara state government.

Source

 

Cloud Tag: What's trending

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

Ilorin Anchor Men And Women     Sheriff Olanrewaju     Olupako Of Share     ASUU     Osuwa     Kwara State Geographic Information Service     Waziri Yakubu Gobir     Rex Olawoye     Oluwarotimi Boluwatife Adenike     Awoye     Sulyman Abdulkareem     REO CAKES     Yaru     Henry Olaosebikan     Abdulrahman Abdullahi Kayode     UTME     Ghali Muhammed     AbdulRazaq Jiddah     Danladi     Garment Factory     Memunat Monsuma     Kisra     Lukman Adeloyin     Taibat Ayinke Ahmed     AbdulHakeem Ajibola Akanbi     Laduba     N-Power     Kabir Shagaya     Mumeen Lah     Abdullahi Dasilva Yussuf     Baboko Primary School     Lawal Arinola Kudirat     Ibrahim Oloriegbe     Akume     Oba-Solagberu     Amoyo     Kola Bukoye     Saliu Shola Taofeek     Bluenile Associates     National Party Of Nigeria     Isiaka AbdulRazaq     Pacify Labs     Titus Suberu-Ajibola     Mufutau Gbadamosi Esuwoye     Pakata Patriots     Post-utme     Forgo Battery Company Limited     Ahmad Lawan     Kwarareports.com     New Naira Notes     Otuka     Oke-Kura     Obasanjo     Kubra Kazum     Hameed Oladipupo Ali     Tunde Akanbi     Damilola Yusuf     Playing Host     Wahab Abayawo     Kwara State Fish Farmers Association     Dauda Adeniran Adeshola     Gurei     Al-Hikmah Radio     Valsolar-Kwara Company Limited     Adeola Abraham     Mubarak Oladosu     Centre For Peace And Strategic Studies     Bashirat Bola Bello     Ike Ekweremadu     Sidikat Uthman Ajibola     Omoniyi     Abdulrasheed Na\'Allah     Valsolar Consortium     Hamza Usman     Oba Of Jebba     Kwara State Fire Service     Saad Omo\'ya    

Cloud Tag: What's trending

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

Ali Ahmad     Abdulrasheed Lafia     Radio SBS     Idowu Aremu     Oniyangi     Ajakaye     Durosinlohun Atiku     Saheed Popoola     Kayode Ogunlowo     Omupo     Ita-Nmo Market     Student Learning Support Helpline     Sa\'ad Alanamu     Tanke     Sherif Sagaya     Agbarere     Ita-Ore     Kawu     Stephen Fasakin     Mopelola Abdulmaliq-Bashir     Adesina Simon Sodiya     Valsolar Consortium     Read With Me     Abdulkarim Adisa     Okin Malt     Pakata Development Association     Saliu Mustapha     Kayode Issa     Press Release     Olubukola Kifayat Adedeji     QuickWin     Okedare     Federal Road Maintenance Agency     Mohammed Saidu     Allocation     Sulyman Tejidini     Olaiya Lawal     Oloruntoyosi Thomas     Mohammed Katsina Ahmed     Idi-Ape     Convocation Ceremonies     JAAC     Buhari     Zaratu Umar     Budo-Egba     Suwa-Arabs     Majlis For Sadaqah, Zakat And Waqf     Rex Olawoye     Garba Idris Ajia     Ijagbo     March 28     Yekeen Alabi     Sabi     Eleyele     Femtech     Suleiman Idris     Bamidele Adegoke Oladimeji     Just Event Online     Ibrahim Taiwo     Adedipe     Kayode Ibrahim     Young Progressives Party     Abdulahi Abubakar Bata     Azeez Bello     Onilorin     Ado Bayero     Abdulrahman Iliasu     Moremi High School     Ile Arugbo     Baba Adini Of Kwara State     Toun Okewale-Sonaiya     Hijaab     Oba Abdulkadir La\'aro     Kwara State Fire Service     Segun Olawoyin     Sambo Murtala     Agbarigidoma