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.

Yahaya Abdulkareem Babaita     Mahfouz Adedimeji     Bashir Badawi     Principal Private Secretary     Egbejila     Ilorin Emirate     Saad Omo Iya     Ilorin South Constituency     Kolo     Durosinlohun Atiku     James Ayeni     Ilorin Muslim Community     Nigerian Supreme Council For Islamic Affairs     Saidu Kawu     Mohammed Tunde-Jimoh     Ethical College     Dapo Teni Nig Enterprise     Osuwa     Abdulrazak Shehu Akorede     Lasiele Alabi Yahaya     Shuaib Boni Aliyu     International Public Sector Accounting Standards     Park     Oloruntoyosi Thomas     Ahmed     ANCOPPS     Moshood Mustapha     Farouk Salim     Abdulrauf Yusuf     Abiodun Abdulkareem     Share-Tsaragi     Centre For Community Empowerment And Poverty Eradication     Emir Of Kano     Gobir Organization Foundation     Oniwa     Kwara TV     Kwara Teaching Service Commission     Rotimi Oyedepo     Budo-Egba     Kale Bayero     Centre For Peace And Strategic Studies     Vasolar Consultoria     Shuaib Olarongbe     Amos Sayo     Dasuki Belgore     Neuropsychiatric Hospital     Azeez Salawu     Law School Scholarship     Elese Of Igbaja     Oye Tinuoye     Sobi Specialist Hospital     Fatai Olodo     Taiwo Joseph     Bureau Of Lands     Maigida     Vasolar     Government High School Adeta     Jaigbade Alao     Ajia-Bako     Razaq Atunwa     Sulu Babaita Isiaka     All Confederation Of Principals Of Secondary Schools     Muyiwa Oladipo Kanu     YAKOOYO     Fatai Adeniyi Garba     Sango-UITH Road     08001000100     Wasiu Odewale     Kwara State University Of Education     Kwara South     Federal Polytechnic Offa     Tinubu Legacy Forum     Yusuf Amuda Abubakar     Abdullahi AbdulMajeed     Wahab Issa     Babaloja-General     Falokun-Oja    

Cloud Tag: What's trending

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

Gbadeyan Gbadura Yomi     Talaka Parapo     Kola Adesina     Oko     Code Of Conduct     Towoju     Tsaragi-Share     Haleeman Salman     Belgore     Galland Marcias     Veterinary Teaching Hospital     Ahmad Belgore     Ghali Muhammed     Waheed Ibrahim     Saad Belgore     JUSUN     FERMA     Association Of Kwara State Online Media Practitioners     Olatunde Michaels     Hamza Usman     Mazars Consulting     Awili Pedro     Kawu Baraje     Lanre Issa Onilu     Abdulwahab Ololele     Ibrahim Abdulqadir Abikan     Quarry Royal Valley     Abdulahi Abubakar Bata     NITDA     Justina Oha     Kwara State Council Of Chiefs     Kale Ayo     Saudat Abdulbaqi     Oyun     Yemi Osinbajo     Toyin Abdullahi     SGBN     AGM Professional Services     SSA Youth Engagement     Aiyedun     3MTT     Oniyangi     Toyin Falola     Tayo Awodiji     Aliyu Kora-Sabi     Chief Imam Of Lafiagi     KSIRS     Hijaab     Bello Bature     Summit University     Kwara-SAPZ Project     Ahmed Shuaib Buranga     Saadu Gbogbo Iwe     Ethical College     Monthly Sanitation Exercise     Iyeru Grammar School     Abdullahi Saadudeen Alikinla     Ibrahim Mohammed     ASKOMP     Amuda Aluko     Musa Alhassan Buge     Kwara North     Students Union Government     Ibrahim Issa Jetti     Fatima Abolore Jimoh     Congress For National Consensus     Owu Fall     Baba Issa     Jamila Bio Ibrahim     Mutawali Of Ilorin     Suleiman Idris     Abdulrasheed Akogun     Oyelere Oyinloye     Abdulmumini Jawondo     Victor Gbenga Yusuf     Shuaib Boni Aliyu     Raimi Iyanda