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.

Abdullahi AbdulMajeed     Kola Adesina     Offa Poly     Simon Sayomi     Kanu Agabi     Al-Ilory     Local Government Pension Board     Musbau A. Akanji     AbdulRazaq Abubakar Jiddah     Haliru Yahaya     Jimoh Olusola Imam     Micheal Imodu-Ganmo Road     Ibrahim Oloriegbe     Chemiroy Nigeria Limited     Ahmed Alhasssan     Ariyo     NAWOJ     Kayode Ibrahim     Balogun Ajikobi     Toun Okewale-Sonaiya     Abdulrasheed Na\'Allah     Noah Yusuf     Ola Falade     Sidikat Alaya     Jeunkunu-Malete-Bani     Alanamu     ANCOPPS     Abubakar Abdulraheem     Abdulrahman Abdulrazak     Igbaja     Oja-Oba     Moses Salami     Ayobami Seriki     Razak Atunwa     Funmilayo Zubair     Ayegbeni     Mohammed Abduraheem     UTME     JAAC     Rafiu Ibrahim     CACOVID     Khairat Gwadabe     Abubakar Olusola Saraki     Ganiyu Taofiq     Sunday Otokiti     Kwara South     Isin     Kwarareports.com     Valsolar     Ilorin East     Elese Of Igbaja     Olaiya Victor Mobolaji     Amuda Bembe     Kunle Suleiman     BECE     Ajibola Ademola Julius     Aso Ofi     Adebara     Chief Imam Of Omu-Aran     Mashood Abdulrafiu Agboola     Ibrahim Agboola Gambari     Kwara NIPR     Amos Sayo     Senior Ibrahim Suleiman     Belgore     Ishak Mohammed Sabi     Olateju Lukman     Sun Qing Rong     JUSUN     Coronavirus     Idris Garuba     Muhammad Yahya     Harrison Osauwagboe     Sodiya     Kwasu     Matthew Babaoye     Ganiyu Abolarin    

Cloud Tag: What's trending

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

Bayo Ajia     Joshua Adeyemi Adimula     Tunji Olawuyi     Ibrahim Taiwo Road     Isiaka Oniwa     Ganiyu Taofiq     NaAllah     Bola Iyabo Ibiyeye Adisa     Kwara State Fish Farmers Association     Shururat Olatinwo     Agboola Babatunde     Adamu Attah     Ridwan Agboola     MATTA Girls Foundation     Apaokagi     Muslimah Entrepreneurship Forum     Labour Party     Kayode Yusuf     Goodluck Jonathan     ER-KANG Mining Nigeria Company Limited     Yusuf Arowosaye     Abdullateef Abdussalam     Kolade Solagberu     Tuesday Assayomo     Ishola Balogun Fulani     Waheed Ibrahim     Fatimoh Lawal     Ayo Salami     Nigerian Correctional Service     Alore     Damilola Yusuf     Raymond Olaitan     MalHub     Ike Ekweremadu     Ejidongari     Senate President     Adeleke Ogungbe     Abraham Ojo     Onikijipa     Eghe Igbinehin     Risikat Lawal     Umar Adelodun     Niyi Osundare     Hajj     Ayobami Seriki     Bureau Of Lands     Ibrahim Gambari     Gbemi Saraki     Orisa Bridge     Simeon Sule Ajibola     Nurudeen Mohammed     Olabimpe Olani     Special Agro-industrial Processing Zone     Alaaya     Yahaya Dumoye     Abdulwaheed Musa     General Hospital     IHS     Elekoyangan     Oyedepo     Opobiyi     Henry Makinwa     Taofik Abdulkareem     Adijat Adebiyi     Olatomiwa Williams     Omotoso Musa     Seed Technologies     Okoolowo     Bilikisu Gambari     Moshood Kashimawo Abiola     Abdulmumini AbdulRazaq     Fareedah Dankaka     Code Of Conduct     Ilorin Water Reticulation     Mohammed Ibrahim     Apado     Ilorin Airport