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.

Jawondo     Dumagi     Bola Tinubu     Kolawole Akande     TVC Female National Debate     Baruten     Bolakale Saka     Abubakar Abdulraheem     Mufutau Gbadamosi Esuwoye     Oniye     Hajj     Ilorin International Airport     Olushola Saraki     Al-Ilory     Rapheal Ashaolu     Abdulquawiy Olododo     Muhammadu Gobir     Otunba Taiwo Joseph     Akande Idowu Ayoola Muhammed     Olabode Towoju     Societe Generale Bank Of Nigeria     Yunus Oniboki     Bello Oyebanji     Onilorin Of Ilorin     Abiodun Abdulkareem     Omotoso     Saliu Mustapha     Dairo Kunle Paul     Kwara Volleyball Association     Abubakar Aliagan     Wahab Issa     Rafiu Olasile     Funmilayo Braithwaite     Amosa     Raliat AbdulRazaq     Haruna Olawale Sulaiman     Adesina Simon Sodiya     Afin Descendants Union Of Odo-Owa     MalHub     Sheikh Hamzat Yusuf Ariyibi     Oyelere Oyinloye     Yetunde Balogun     Boko Haram     Quran     Iyiola Oyedepo     Abubakar B.M     Oba Abdulkadir La\'aro     Kazeem Oladepo     Egbewole     Zubair Folorunsho Erubu     IQRA College     Turaki Of Ilorin     Joseph Offorjama     Sardauna     Tescom.kwarastate.gov.ng     International Vocational Centre     Ayeyemi Sulaiman     Ibrahim Taiwo Road     Saadu Yusuf     Ilorin     Agboola Abdulraheem     YAKOOYO     Kayode Issa     Lola Ashiru     Olatunde Jare     Saliu Shola Taofeek     Binta Sulyman     Apaokagi     Umar Sanda Yusuf     Elerin Of Adanla     Voices Of Tomorrow     Erubu     Victor Gbenga Yusuf     Abdulrahman Abdulrasaq     Yusuf AbdulRasheed     Neo Mundo Ltd     Kayode Laro    

Cloud Tag: What's trending

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

Fatai Olodo     Ogidi-Oloje     Islamiya Abdulraheem     Forgo Battery     Rebecca Bake     Ijagbo Health Centre     Nagode     Abdulrasheed Akogun     Senior Special Assistant On Student Affairs     Bond     Kwarareports.com     Solomon Edojah     Amos Justus Sayo     Mohammed Haruna     Iyaloja-General     Onilu     Kehinde Baale     Hamidat Sulyman-Yusuf     Asa     COEASU     Woro     Gbemi Saraki     Rapheal Ashaolu     Bature Bello     Abdulfatai Salman Baakini     Owu Fall     Aso-ofi     Yusuf Abubakar     Clement Yomi Adeboye     Ophthalmological Society Of Nigeria     RTEAN     Ahman Pategi     Air Peace     Yashikira     Talaka Parapo     Orisa Bridge     Lawal Jimoh     Ebun-Olu Adegboruwa     Awodun     Countryside Emerging Leaders Fellowship     Monthly Sanitation     Tsado Manman     Ita-Ore     Adam Abdullahi Al-Ilory     Medview Airlines     Marufat Oladosu     Dankaka     Saliu Ajibola Ajia     Federal Neuro-Psychiatric Hospital     Musbau A. Akanji     Cassava Growers\' Association     Durosinlohun Atiku     NITDA     Shehu Alimi Foundation For Peace And Development     Veterinary Teaching Hospital     PPS     Saba Mamman Daniel     KWSUED     College Of Education     Oko-Olowo     Yoonus Kola Olatinwo     Sulyman Age AbdulKareem     Abdulrosheed Okiki     Ajuloopin     Yahaya Abdulkareem Babaita     KWASSIP     Ayinde Oyepitan     Elections     Amina El-Imam     Omotoso     Lai Mohammed     Pilgrims Board     Abioye Bello     Hamid Bobboyi     Mohammed Lawal     Oniwa     Iyeru Grammar School