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.

Kwara State Branch Of The National Library     Iliasu     Iponrin     Damilola Yusuf Adelodun     Abdulganiyu Oladosu     Osuwa     Alapado     NTA Ilorin     ITP     Bayer Nigeria Limited     Moses Salami     Dar-Al-Handasah Consultants Ltd     Medview Airlines     Park     Kwarareports.com     NULGE     Yahaya Oloriegbe     Jani Ibrahim     Code Of Conduct Tribunal     Ike Ekweremadu     Nigerian Medical Association     Muhammad Sirajo Aliyu     Sabi     Tunde Saad     Oko-Erin     Christopher Ayeni     Ajia-Bako     Amos Sayo     Lanre Issa Onilu     SDP     Aminu Adisa Logun     Abdulrazak Shehu Akorede     Sadiq Umar     Elewu     ARMTI     Law School Scholarship     Nigerian Supreme Council For Islamic Affairs     Geri-Alimi Split Diamond Interchange     Ibrahim Abdulkadir Abikan     SSA Youth Engagement     Kwara State Television     Tsaragi-Share     Dar-Al-Handasah Consultants     March 18     Kayode Oyin Zubair     A.E. Afolabi     Rueben Parejo     Kayode Ishola     Olupako     Gbemisola Oguntimehin     Abubakar Abdulraheem     Ahmed Dankaya     Toyin Olayinka Tejidini     Amina Susa\'a De Ahmed     Aishatu Ahmed Gobir     Lawal Jimoh     Suleiman Idris     Bashirat Bola Bello     Saidu Isa     Ojuekun Sarumi     Ibrahim Abdullahi     Abdulrosheed Okiki     Taofeek Sanusi     Sambo Murtala     Niyi Osundare     Hydro-electric Power Producing Areas Development Commission     Vasolar-Kwara Company Ltd     Erin-ile     Ilorin Central Mosque     Kayode Yusuf     Salihu Ajia     Ibrahim Abduquadri Abikan     Ajibola Ademola Julius     Ilorin Like-Minds     Jide Oyinloye     Ganiyu Taofiq     Ilorin West/Asa Federal Constituency    

Cloud Tag: What's trending

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

Ishola Moses Abiodun     Offa Poly     Aisha Abodunrin Ibrahim     Mohammed Ghali Alaaya     YAKOOYO     Innocent Okoye     Ibrahim Oniye     Government High School Adeta     Atiku Abubakar     Umar Bayo Abdulwahab     Tsado Manman     Mufti Of Ilorin     Alabi Olayemi Abdulrazak     Tunji Folami     SUBEB     Tunde Kazeem     Lithium Deposit     Babaita     Nigeria Foundation For Artificial Intelligence     KWAFFA     Aishat Sulu-Gambari     Okasanmi Ajayi     Bola Olukoju     Monthly Sanitation Exercise     Neo Mundo Ltd     Yusuf Abdulkadir     Sola Saraki University     Abdulwasiu Bolaji Adeyi     Mamman Saba Jibril     Share/Tsaragi     Ogbondoroko     KWSIEC     Abdulganiyu Oladosu     Centre For Digital Economy     Temitope Ogunbanke     Islamiya Abdulraheem     Kwara     Balogun Ajikobi     Ilofa     Tescom.kwarastate.gov.ng     Issa Memunat Moyosore     Suleiman Rotimi Iliasu     NTA Ilorin     REO CAKES     Saliu Ajia     Abikan     Saliu Shola Taofeek     Alapansapa     Samari     Idris Garba     AbdulGafar Tosho     Alfa Belgore     Amoyo     Haliru Dantoro     Moses Adekanye     Quarry Royal Valley     Jimoh Akani     Olusin Of Ijara Isin     Arinola Lawal     Shao     International Aviation College     Akume     Bello Oyedepo     Adijat Adebiyi     Abdulrahman Iliasu     Sulyman Age AbdulKareem     Bashirat Bola Bello     Hajj     Mukhtar Shagaya     Simeon Ajibola     Zulu Gambari     Abdulkarim Adisa     Sobi Specialist Hospital     Just Law Forum     Societe Generale Bank Of Nigeria     Ahmed Mohammed Rifun     ASUU