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.

Idiagbon     Abdulazeez Arowona     Sam Okaula     Balogun Ajikobi     Ahman Patigi     Baba Isale     UITH     Kolawole Akande     Bello John Olanrewaju     Jebba     Suleiman Mora Omar     Alabe     Olatinwo     Onikijipa     Abubakar Baba Sulaiman     SUBEB     Kwara State Fish Farmers Association     Kwara South     Florence Saraki     Ilorin     Femi Agbaje     Magaji Nda     Mohammed Lawal Bagega     CCEPE     Principal Private Secretary     Government High School Adeta     Www.Kwarareports.com     Islamic Development Bank     Al-Hikmah Radio     Oniye     Afonja     Ashiru     Sulyman Atolagbe Alege     Curfew     Countryside Emerging Leaders Fellowship     GGDSS Pakata     Kumbi Titilope     Jamila Bio Ibrahim     Isiaka AbdulRazaq     AbdulRauf Keji     Abdulrahman Onikijipa     Pius Abioje     Kamaldeen Kehinde     Oye Tinuoye     Bashiru Makama     Stephen Fasakin     Sidikat Uthman Ajibola     Sarafadeen Kayode Akorede     State Bureau Of Internal Revenue     Summit University     Funmi Salau     Rafiu Ajakaye     Ilesha-Baruba-Gwanara     Nurudeen Muhammed     Olukotun Of Ikotun     Ajibola Saliu Ajia     Rotimi Oyedepo     COEASU     Saheed Alakoso     Ekweremadu     Sobi Hill     Ilorin Muslim Community     Gbemisola Saraki     GRA     Taofeek Ibraheem     Muhammed Abdullahi     Ifelodun     Samari     Raliat Islamic Foundation     Siraj Oyewale     Abdulmutalib Shittu     Omotosho     Ibrahim Gambari     Tope Daramola     Eghe Igbinehin     Oro Grammar School     Saudat Abdulbaqi    

Cloud Tag: What's trending

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

Ojo Fadumila     Sa\'adu Salau     Abdullahi Saadudeen Alikinla     Moses Adekanye     Javed Khan     Mufutau Gbadamosi Esuwoye     TESCOM 2025     Sulaiman Gado     Code Of Conduct Tribunal     CLAY POT     Ishaq Abdulkarim     Muslimah Entrepreneurship Forum     Kwara 2023     Cassava Growers\' Association     Kazeem Oladepo     Yetunde Balogun     Jaiz Bank     Yomi Adeboye     Dan Iya Of Ilorin     Balogun-Ojomu     Moshood Bakare     Colleges Of Education Academic Staff Union     Elerin Of Adanla Irese     Muhammed Abdullahi     Shoprite     Kwara Poly     2023 Elections     Suleiman Rotimi Iliasu     Ghali Alaaya     CBT     Chief Imam Of Offa     Saliu Ajibola Ajia     Ahmad Fatima Bisola     Kumbi Titilope     Firdaos Amasa     Ayinde Oki     UNILORIN Alumni Association     Gbemi Saraki     Convocation Ceremonies     Abdulraufu Mustapha     08001000100     Doyin Group     Hassanat Bello     Ifelodun     Olatinwo     General Hospital, Offa     BECE     Abdulwaheed Musa     Arca Santa     Gbemisola Oguntimehin     Tunji Arosanyin     Memunat Monsuma     Taiwo Joseph     QuickWin     Ibrahim Gambari     Olusola Saraki     Alapansapa     Reuben Paraje     Dasuki Belgore     Usman Alkali Baba     Offa Descendants Union     Rapheal Ashaolu     CCB     Isiaka AbdulRazaq     Susan Modupe Oluwole     Ahmad Olanrewaju Belgore     Federal College Of Education (Special), Afon     ITP     Wahab Egbewole     Yusuf Amuda Aluko     Umaru Saro     Mohammed Ibrahim     Eleja Taiwo Banu     Alabere     Coronavirus     UNILORIN Alumni     COEASU