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.

Binta Abubakar-Mora     GRA     Junior Secondary School Certificate Examinations     2017 Budget     Nigerian Supreme Council For Islamic Affairs     Kola Shittu     Kwara State Infrastructure Development Fund     Balogun-Ojomu     AGF Abdulrazaq     ER-KANG Mining Nigeria Company Limited     Awoye     Musibau Akanji     Waheed Ibrahim     Abdulrahman Abdulrasak     Haliru Dantoro     Oniwa     Oloriegbe     Abubakar Baba     Unicontinental Construction Company     Dar-Al-Handasah Consultants     Dagbalodo     Aisha Ahman Pategi     Amada Jidda     Baba Isale     Abdulmumini AbdulRazaq     Jumoke F. Ajao     Olatunde Olukoya     Share     Offa Poly     Gobirawa     Kazeem Gbolagade     Oladimeji Thompson     Yoruba     Bola Olukoju     Ramat Oganija     Bola Iyabo Ibiyeye Adisa     Ben Duntoye     Overland     Elese Of Igbaja     Suleman Abubakar     Alimi     Kassim Babamale     Razaq Atunwa     Magaji Nda     Atiku Abubakar     Adanla-Irese     Tunde Saad     Raymond Olaitan     Tunde Mukaila Mustapha     Jalala     Salary     Toyosi Thomas     Centre For Community Empowerment And Poverty Eradication     SSA Youth     New Model Police Station     Christopher Ayeni     Aliyu Sabi     Kwara Restoration Project     Oniyangi Kunle Sulaiman     Balogun Fulani     Student Learning Support Helpline     AbdulGaniyu Kareem     Olateju Lukman     Abdulwahab Oba     Kpotum Mohammed Baba     Bolaji Abdullahi     SAPZ Project     Bayo Mohammed Onimode     Wahab Agbaje     Yusuf Amuda Abubakar     Mohammed Ghali Alaaya     Aliyu Umar     Funmilayo Zubair     JAAC     Sulyman Atolagbe Alege     Justina Oha     Neuropsychiatric Hospital    

Cloud Tag: What's trending

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

Mohammed Lawal Bagega     Iyiola Oyedepo     Memunat Monsuma     Fatai Garuba Labaka     Farouk Salim     Raji AbdulRasaq     Dumagi     Kola Adesina     Kwara Basketball Association     Kwara Apc     Pakata Development Association     Ayo Salami     Owode Market     Mohammed Ghali Alaaya     Iyaloja-General     Kehinde Baale     Student Learning Support Helpline     Bursary     Funke Adedoyin     Saduki Lafiagi     Hamidu Olowo     Gobir     Yusuf Abdulraheem     Jimoh Lambe Abdulkareem     Playing Host     Onikijipa     Oniyangi     Folashade Omoniyi     Hikmah AbdulKareem     Orisun Igbomina     Kayode Zubair     CELF     Olaiya Zuberu     Adama Isa     Ashiru     Barakat Community Secondary School     Abdulmumin Yinka Ajia     ENetSuD     Ishaq Oloyede     Rotimi Oyedepo     Ilorin Airport     Ayobami Akanbi     Makama     Sam Onile     Monsurat Omotosho     Issa Manzuma     Yahaya Abdulkareem Babaita     Esinniobiwa Quareeb     Bibire Ajape     Maimunat Oloriegbe     Aishat Mohammed Lawal     EndSARS     Oko Erin     LAK Jimoh     Salman Alada     Salake     Jaiz Bank     Bareke     Forgo Battery Company Limited     Abdulmalik Bashir Mopelola Risikatullahi     Road Transport Employers Association Of Nigeria     Gbemi Saraki     Bilikisu Oniyangi     Rotimi Samuel Olujide     Femi Agbaje     Muhammed Abdullahi     Garba Idris Ajia     Ibrahim Sulu Gambari     Kwarareports.com     Oni Adebayo     Okasanmi Ajayi     Abdullahi AbdulMajeed     Folajimi Aleshinloye     Paul Odama     Dar-Al-Handasah Consultants Ltd     Principal Private Secretary     Oko