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.

Elerinjare     Ndakene     Amuda Musbau     Alimi Abdulrazaq     Bahago     Abdulraheem Yusuf     Gobir Organization Foundation     IHS Towers     Quareeb Islamic Association     ASUU     IPSAS     Quarry Royal Valley     Bamidele Adegoke     Ahmad Olanrewaju Belgore     Idris Amosa Saidu     Ayobami Akanbi     Bolaji Aladie     NIPOGA     Radio SBS     Samuel Adaramola     Chartered Institute Of Personnel Management Of Nigeria     Abdulhakeem Adelaja Amao     Olayinka Are     Abubakar Olusola Saraki     Monsurat Omotosho     Unicontinental Construction Company     Kwara     Muhammed Akanbi     Christopher Ayeni     Asiwaju Bola Tinubu     Ita-Ore     IYA ALFA NLA     Ibrahim Abikan     National Broadcasting Commission     Bello Taoheed Abubakar     VADA     Saeedat Aliyu     Samuel Elizabeth Keatswa     Toyin Olayinka Tejidini     Junior Secondary School Certificate Examinations     Women For Change And Development Initiative     Lola Ashiru     Bayo Mohammed Onimode     Ilorin Emirate     Isiaka Rafiu Mope     Lotus Bank     Emir Of Shonga     Oloruntoyosi Thomas     Tunde Mukaila Mustapha     Taofik Abdulkareem Babaita     Alumni Association Of The Federal Polytechnic Offa     Modibo Kawu     IYA YUSUF     Abubakar Kawu Baraje     Chief Imam Of Offa     Monthly Sanitation     Abiodun Jacob Ajiboye     Aliyu Adebayo     Taibat Ayinke Ahmed     GRA     Javed Khan     Otunba Taiwo Joseph     Bibire Ajape     11th Galadima     TESCOM 2025     COVID-19 Palliatives     All Peoples Party     Taofeeq Olateju     Micheal Imoudu     KSIRS     Oya State     Gbenga Awoyale     Maigida     Ilorin Central Mosque     Ibrahim Akaje     Frootify     New Naira Notes    

Cloud Tag: What's trending

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

KWTV     Kayode Ibrahim     Medinat Folorunsho Salman     Ophthalmological Society Of Nigeria     Abdulmumini AbdulRazaq     Oju Ekun Sarumi     March 28     Bilikisu Gambari     Maimunat Oloriegbe     Towobola Abdulrahman Toyin     Mansur Alfanla     Oba-Solagberu     Prince Sunday Fagbemi     Tayo Alao     Summit University     Ileloke     Prince Mahe Abdulkadir     Babajide Ajayi     Oyawoye     07039448763     Isau     Abiodun Jacob Ajiboye     Apaokagi     Solomon Edojah     Ramadhan     Abdulrahman Abdulrazak     Ayedun     Muhammadu Gobir     Abdulrahman Iliasu     Tinubu     Bamidele Adegoke     Laduba     Shehu Alimi Foundation For Peace And Development     Moses Rahman Popoola     Makama     Durosinlohun Kawu     Jumoke Monsura Gafar     Onikijipa     Abegunde Goke     Bolaji Abdullahi     Isiaka AbdulRazaq     Idris Garba     Ahman Pategi     Baba Issa Awoye     Razaq Atunwa     NIPR     Khairat Gwadabe     Third Estate     Igbomina     Bayer Nigeria Limited     Yunus Lawal     Junior Secondary School Certificate Examinations     Bola Magaji     Lanre Jimoh     Kwara     Adegoke Bamidele     University Road     Madawaki Of Ilorin     Oladimeji Thompson     All Peoples Party     LABTOP     Mohammed Danjuma     Adeleke Ogungbe     S.O. Opowoye     Adisa Logun     Olawuyi     State Bureau Of Internal Revenue     Radio Kwara     Moronfoye     Femi Oladiji     Ibrahim Kayode Adeyemi     Mogaji Aare     Oke-Ogun     Charles Ibitoye     Otunba Taiwo Joseph     Hussein Oloyede     Segun Abifarin