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 Like-Minds     Jumoke Gafar     Magaji Nda     Yakubu Shaaba     IEDPU     Okin Biscuit     Hassanat Bello     Chief Imam Of Offa     Hussein Oloyede     Shoprite     Pilgrims Board     Babs Iwarere     Joseph Alex Offorjama     Umar Yakubu Jaja     Adegoke Bamidele     Lukman Oyebanji Fagbemi     Tsaragi-Share     Ijagbo Health Centre     General Tunde Idiagbon International Airport Ilorin     KWASSIP     Busari Alabi Alausa     Ilorin West     General Hospital, Offa     Abdulkareem Alabi     CACOVID     Tafida Of Ilorin     Siddiq Adebayo Idowu Salawu     Musa Abdullahi     Ajia-Bako     Mahee Abdulkadir     Otunba Taiwo Joseph     Apaola     Bankole Omishore     Balogun Gambari     Halidu Danbaba     Shagari     Magaji Erubu     Iqra Books     Abdulwahab Ololele     Hijab     Bola Shagaya     Veterinary Teaching Hospital     Olugbense     Kwara State Television (KWTV)     Lithium     Akanji     Rashidi Yekini     LABTOP     Ibrahim Abdulkadir Abikan     Muyiwa Oladipo Kanu     Olohungbebe     Ilorin Descendants Progressive Union     Ilorin Talaka Parapo (ITP)     Okin High School     Suleiman Alege Kuranga     Abdulwahab Olarewaju Issa     Alabere     ER-KANG Mining     Onikijipa     Osuwa     Yusuf Zulu-Gambari     Sadiq Buhari     Tosin Saraki     CUTI     Saliu Alamoyo     Lola Olabayo     Centre For Community Empowerment And Poverty Eradication     Law School Scholarship     Sheikh Hamzat Yusuf Ariyibi     Col. Ibrahim Taiwo     Olusegun Adeniyi     Iyabo Adisa Ibiyeye     Abdullahi Dasilva Yussuf     08001000100     Toyin Sanusi     Bolaji Abdullahi     Mutawalle    

Cloud Tag: What's trending

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

Raji Ayodele Kamaldeen     Bolakale Ayo     Apado     Baba-Isale     Yahaya Oloriegbe     Chartered Institute Of Personnel Management Of Nigeria     Shonga Farm Project     VADA     Asa LGEA School     Mashood Dauda     Egbewole     Sunset Workers     Joana Nnazua Kolo     Olokoba     Alabi Olayemi Abdulrazak     Ahmed     SGBN     Saka Saadu     Olatunde Michaels     Offorjama     Young Progressives Party     Sodiya     Yahaya Muhammad     Mumeen Lah     Kwara State Branch Of The National Library     Musbau A. Akanji     Gbenga Adebayo     Sheikh Hamzat Yusuf Ariyibi     Dorcas Afeniforo     Taofeek Ibraheem     Mohammed Ghali Alaaya     Yahaya Abdulkareem     Congress For National Consensus     Magaji Nda     Tinubu Legacy Forum     Gobir     Ajakaye     BIR     Aminat Omodara     Oko-Erin     Benin Republic     Akeem Lawal     Plat Technologies Limited     Park     Sobi Specialist Hospital     Oniyangi     Oladimeji Thompson     T And K FOODS     Kwara Teaching Service Commission     Gbadeyan Gbadura Yomi     Road Transport Employers Association Of Nigeria     Ibrahim Labaika     Saliu Ajibola Ajia     Adesoye     Abdullahi Dasilva Yussuf     Solomon Edoja     Muazam Nayaya     IF-K     Yakubu Gobir     Olushola Saraki     Ilorin Water Reticulation     Tunde Kazeem     General Tunde Idiagbon International Airport Ilorin     Shehu Alimi Foundation     Adedipe     Gbemisola Oguntimehin     GAMA     Oju Ekun Sarumi     Ibrahim Jawondo     CCB     Bukola Saraki     Ibrahim Abikan     SARS     Umar Danladi Shero     Aisha Ahman Pategi     Saka Balikis Kehinde     Usman Yunusa