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.

Salaudeen Oyewale     Air Peace     Adebara     Kwara Primary Health Care Development Agency     Isiaka Oniwa     NTA Ilorin     Kwara Basketball Association     Muyiwa Oladipo Kanu     3MTT     Salihu Ajia     Sardauna     Ibrahim Oloriegbe     Shaaba Lafiagi     Bond     Oba Abdulraheem     Alliance For Democracy     Kwha.gov.ng     Adamu Attah     Makama Of Kaiama     Lawal Arinola Kudirat     Aliyu Alhassan     SSUCOEN     Council Of The Wise     Rafiu Ajakaye     Adedayo Yusuf Abdulkareem     Saka Adeyemo     Tunde Oyawoye     Surajudeen Akanbi     20 Billion Bond     Babaita     Modibo Kawu     Ado Ibrahim     Lanwa     Taofeek Ibraheem     Akume     Bukola Saraki     Abdulmumin Yinka Ajia     Abdulrazak Shehu Akorede     Tanke     Ayekale     Ademola Kiyesola     Ramadhan     Aisha Ahman Pategi     Kulende     Monthly Sanitation     Orisa Bridge     Alikinla     Ishola Balogun Fulani     Abdulhakeem Adelaja Amao     Umaru Saro     Zaratu Umar     Aliyu Olatunji Ajanaku     Joseph Yemi Ajayi     Olusola Saraki     Isiaka Alikinla     Gbenga Olawepo     Segun Ogunsola     Adeleke Ogungbe     Ridhwanullah Al-Ilory     Ibrahim Sulu Gambari     Oke-Ode     Budo Egba     Abdulmajeed Abdullahi     AGM Professional Services     Kwara State Polytechnic     Plat Technologies     Olatunji Abdulmumeen     Al-Hikmah Radio     Idris Amosa Saidu     Ibrahim Orire     Kumbi Titiloye     Moshood Mustapha     Ijagbo     Babata     Kabir Shagaya     Azeez Salawu     Raliat Islamic Foundation    

Cloud Tag: What's trending

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

John Olobayo     Simeon Sule Ajibola     Jawondo     Quarry Royal Valley     Ileloke     Isapa     Abdulrazaq Adebayo     Tayo Alao     Yusuf Amuda Aluko     Illyasu Abdullahi     ITEM 7     Olumide Daniel Ibitoye     Shuaib Abdulkadir     Oko-Olowo     Afolayan     Bio Ibrahim     Lithium     Voices Of Tomorrow     Omu Aran     Saliu Oluwole     Olaiya Lawal     University Road     Abdulsalam A. Yusuf     Yakubu Mohammed Abdullahi     Oba David Oyerinola Adedunmoye     Abatemi Usman     EFCC     International Public Sector Accounting Standards     Kayode Ibrahim     Gbemisola Oguntimehin     Ballah     Ilofa     Segun Adeniyi     Funmilayo Zubair     Alimi Abdulrazaq     Lawyers Unite Against Corruption     Akanbi-Oke     Abubakar Bature Sulu-Gambari     Mufutau Olatinwo     Bluenile Associates     Elekoyangan     Ahmed Alhasssan     Apado     Geri-Alimi Split Diamond Interchange     Special Agro-Industrial Hub     Olatunde Oyeyiola     Olabode Towoju     Oro Grammar School Old Students Association     Ahmed Idris Mohammed     Kwara State Pension Board     Olatunde Michaels     Opolo Global Innovation Limited     Iyiola Oyedepo     March 28     Khairat Gwadabe     Mohammed Ghali Alaaya     Ramadhan     Amada Jidda     Mukhtar Shagaya     Ashiru     SAPZ Project     Ola Falade     Tunji Moronfoye     Pakata     Shuaibu Yaman Abdullahi     Jamila Bio Ibrahim     KSIRS     Ahmed Saidu Rufai     Olosi Of Osi     Shero     Kwara State Fire Service     Tsaragi/Share     Code Of Conduct Bureau     Kwara University Of Education     Ahmad Olayiwola Kamaldeen     Fulani     Haruna Tambiri Mohammed