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.

Ayotunde Emmanuel Alao     Salihu Ajibola Ajia     Quran     KWASIEC     Issa Memunat Moyosore     Ibrahim Jawondo     Metro Park     Daud Adeshola     Bamidele Adegoke Oladimeji     Saka Aleshinloye     Kwara State Pension Board     Ibrahim Abikan     College Of Arabic And Islamic Legal Studies     Arandun     Mohammed Khadijat Kubura     High Court     Seni Saraki     Kola Ologbondiyan     Abdulrasheed Lafia     Muhammadu Gobir     Lai Mohammed     Amuda Aluko     Yusuf Babatunde Abdulwahab     Micheal Imoudu     Young Progressives Party     Hakeem Lawal     MalHub     Olosi Of Osi     Ganiyu Abolarin     Elerin Of Adanla     Oju Ekun Sarumi     Joseph Offorjama     Balikis Jawondo     Stephen Fasakin     Aishat Mohammed Lawal     Rice Farmers Association Of Nigeria     Opolo Global Innovation Limited     Salmon Babatunde Salmon     Suleiman Alege Kuranga     Oro Grammar School Old Students Association     Fatimat Saliu     Theophilus Oyebiyi     Mukhtar Shagaya     Niyi Ogundiran     Kayode Yusuf     Yinka Aluko     Towobola Abdulrahman Toyin     Ilorin Emirate Staff Association     Tunde Oyawoye     Baba Isale     Babatunde Ishola Babaita     Muhammadu Buhari     Madawaki     Abdulrazaq Magaji     TESCOM     Muslim Stakeholders Of Kwara State     Alumni Association Of The Federal Polytechnic Offa     Sola Saraki Educational Foundation     Oke-opin     Jimoh Lambe Abdulkareem     Ilorin     Photo News     Just Law Forum     Wole Oke     TESCOM 2025     ER-KANG Mining     Afin Descendants Union Of Odo-Owa     Bayo Mohammed Onimode     Moshood Bakare     ER-KANG Mining Nigeria Company Limited     Yusuf Amuda Aluko     Yakubu Gobir     Simon Sayomi     Abdulkadir Akanbi-Oke     Lanre Aremu     Oluwole Dupe     Maigida Soludero Transit    

Cloud Tag: What's trending

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

Firdaos Amasa     Leke Ogungbe     ASMAU PLAZA     IHS Towers     Taofik Abdulkareem Babaita     Gobir Organization Foundation     Mahmud Durosinlohun Atiku     Borgu     Awodun     Tinubu Legacy Forum     Olomu     Code Of Conduct Bureau     Oluranti Idowu     Ilorin West/Asa Federal Constituency     Jani Ibrahim     Summit University     Sayomi     Damilola Yusuf Adelodun     Adedeji Onimago     Okiki     Noah Yusuf     Yakubu Danladi     Kolawole Bashirat     Kwara State Printing And Publishing Corporation     Kisira     Omar Gambari     Mahe Abdulkadir     Kwara University Of Education     HAMFAT Clinic And Maternity     Ajase-Ipo     Shagari     Aisha Buhari     Atiku Abubakar     Budo-Egba     Alliance For Democracy     Minimum Wage     Kabir Shagaya     Share/Tsaragi     Aisha Ahman Pategi     TVC Female National Debate     Magaji Are     Ibrahim Taiwo     Nurudeen Mohammed     Ilorin Durbar     Trader Moni     Dauda Adeniran Adeshola     Lawyers Unite Against Corruption     Femi Ogunsola     Coalition Of Kwara North Groups     Kayode Alabi     Kwara State Television     Trade Lenda SME Fair     Sodiya     JAAC     Raliat Islamic Foundation     Abdullahi Adisa Akodudu     Ibrahim Abdullahi     Baruten     Magaji Erubu     Bello Abubakar     JMK Construction Company Limited     Sardauna Of Ilorin     Lanwa     Alikinla     Ojuekun Sarumi     Third Estate     Olanrewju Okanlawon Musa     Kwara State Government     CELF     Rebecca Olanrewaju     Ridhwanullah Al-Ilory     Muhammed Aliyu     Olatunji Moronfoye     Otunba Taiwo Joseph     Sanusi Abubakar     Code Of Conduct     Neuropsychiatric Hospital