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.

Mary Arinde     Lai Mohammed     Samuel Olusegun Adedayo     Haruna Tambiri Mohammed     FOMWAN     Computer Based Test     PAACO-PCL Consortium     Ajike People Support Centre     Ramadan     Hamid Bobboyi     Mustapha AbdulGaniyu     Majlis For Sadaqah, Zakat And Waqf     Vasolar Consortium     Special Agro-Industrial Hub     Just Law Forum     Lanre Issa Onilu     Ayotunde Emmanuel Alao     Salman Suleiman     Ayedun     Edret Sabi Abel     Dan Masanin     Omu-aran     NITDA     Taofeek Sanusi     Yaru     Cornelius Adebayo     Okasanmi Ajayi     Turaki Of Ilorin     Adedayo Yusuf Abdulkareem     Kwarareports.com     Hussein Oloyede     Guber Aspirant     Ayodele Olaosebikan     Arca Santa     Just Event Online     Leke Ogungbe     Lanre Olosunde     Salary     Tunji Oyawoye     Mashood Dauda     Universal Basic Education Commission     Onilorin Of Ilorin     Jumoke Monsura Gafar     Abubakar Bature Sulu-Gambari     Bolaji Abdullahi     Atunwa     Oja-Oba     Bolakale Kawu Agaka     CACOVID Palliatives     Henry Olaosebikan     Madawaki     Col. Ibrahim Taiwo     Tsaragi     Owo Isowo     Kwara State Health Insurance Agency     Park     Doyin Agbamu     Quareeb     Mohammed Kamaludeen     Aishatu Ahmed Gobir     Gbugbu International Market     Yoruba     Ado Ibrahim     Ajeigbe     Fatimoh Lawal     Government High School (GHS), Adeta     Kumbi Titiloye     NAWOJ     Coronavirus     Ishaq Abdulkarim     Kayode Issa     AbdulRahman Saad     Fulani     Raheem Adaramaja     Bio Ibrahim     Yusuf Ali     Kwara State Pension Board    

Cloud Tag: What's trending

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

Isiaq Khadeejah     Kayode Alabi     Abiodun Abdulkareem     AbdulGafar Tosho     Abdulrazaq Akorede     Sardauna     Ishaq Abdulkarim     Kayode Issa     Falokun-Oja     Buari Edun     Kayode Oyin Zubair     Code Of Conduct     Yakubu Gobir     Rafiu Ibrahim     Oro Grammar School     Ayo Adeyemi     Sulu Babaita Isiaka     Yahaya Jibril Usman     Erubu Oba Zubair     Gbajabiamila     Fatai Olodo     Abdulbaqi Jimoh     BIR     Abdulkareem Alabi     Al-Hikmah University     Sulyman Abdulkareem     Baba-Isale     Yusuf A. Usman     Lafia Aliyu Korasabi     Shehu Adaramaja     Halimat Yusuf     Kwara State Governor     Idris Garuba     Patigi Regatta     Olomu Of Omu-Aran     Ilesha-Baruba     Quareeb     Arik     SSA Youth     Abdulkadir Bolakale Sakariyah     Ilorin Talaka Parapo (ITP)     Yahaya Dumoye     Ademola Kiyesola     Olaiya Zuberu     Lanwa     Yakub Lai Gobir     General Hospital, Offa     Bamidele Aluko     Dan-Kazeem     AbdulRazaq Jiddah     Tope Daramola     Alagbado     Ibrahim Labaika     Bature Bello     Victor Gbenga Yusuf     Najim Yaasin     Standard Organization Of Nigeria     Wahab Isa     Idowu Aremu     Sarafadeen Kayode Akorede     Kayode Oyin-Zubair     Tunji Oyawoye     Umaru Saro     Shola Odetundun     Iponrin     Yakub Ali-Agan     Alore     Abubakar Bature Sulu-Gambari     Hydroelectric Power Producing Areas Development Commission     07039448763     Lanre Issa-Onilu     Alfa Yahaya Road     GAMA     Hamid Bobboyi     Junior Secondary School Certificate Examinations     Amusa Bello     Lanre Badmus