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.

Ahman Patigi     Valsolar     Adeleke Ogungbe     Gbenga Olawepo     Salman Suleiman     Kwara 2023     Amusement Park     University Road     Baaziki Sulaiman     Saeedat Aliyu     Bolaji Abdullahi     Bilikis Oladimeji     Split Diamond Interchange     Mohammed Yahaya Barki     Kwara Poly     Dairo Kunle Paul     Gamji Members Association     Sheriff Shagaya     Clara Nwachukwu     Mohammed Katsina Ahmed     Joana Nnazua Kolo     UNILORIN Alumni Association     Igosun     Raheem Adaramaja     Dasuki Belgore     Yashikira     Obayomi Azeez     Yusuf A. Usman     AbdulGaniyu Kareem     Titus Ashaolu     Savannah Centre For Diplomacy, Democracy And Development     ANCOPPS     Olosi Of Osi     Mohammed Halidu     Illyasu Abdullahi     Oyedepo     Chief Of Staff     Abikan     Orire     Abiodun Musa Aibinu     Frootify     Muhammed Danjuma     Titus Suberu-Ajibola     Muazam Nayaya     Ezekiel Yissa Benjamin     Prince Bola Ajibola     Albert Ogunsola     Haashim Initiative For Community Advancement     Yemi Sanni     Saidu Isa     Oniye     Markaz Arabic And Islamic Training Institute, Agege     Isaac Aderemi Kolawole     Pakata Development Association     Olatunde Oyeyiola     Iqra Books     Summit University     Lateef Ademola Olatunji     Hamidat Sulyman-Yusuf     Odo-Owa     Babs Iwarere     Kola Bukoye     NNPP     Adeola Abraham     JAAC     Ilorin West/Asa Federal Constituency     Elerin Of Adanla     Ejidongari     Idiagbon     Balogun Ajikobi     Ajikobi     Mohammed Khadijat Kubura     Fatimat Saliu     Adamu Atta     Oba Sulaiman Asude     Kwha.gov.ng     International Aviation College    

Cloud Tag: What's trending

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

Teachers Specific Allowance     Agboola Abdulraheem     IYA ALFA NLA     Modibbo Kawu     Adamu Ibrahim Sabi     Olofa Of Offa     KWSIEC     Olatunde Michaels     Salihu Jibril Garbi     Florence Saraki     Kwara Politics     Abdulrazaq Adebayo     Federal Neuro-Psychiatric Hospital     Kannike     Khairat Gwadabe     Balogun Fulani     Alaaya     Aishatu Ahmed Gobir     Wahab Abayawo     Sobi Hill     Kwara Pdp     Tricycle Owners Association Of Nigeria     Amule Elementary School     Obayomi Azeez     Ilorin Anchor Men And Women     Aasiyat Bello Oyedepo     Galadiman Ngeri     Afetu Of Alabe     Ndama Al-hassan     Lukman Oyebanji Fagbemi     Oko     Abdulrasheed Lafia     Abdulraufu Mustapha     Government High School (GHS), Adeta     Toyin Falola     Okin Malt     Olokoba Abdullahi Ayinla     Raliat Elelu-Habeeb     Samuel Adedoyin     Hakeem Lawal     Opolo Global Innovation Limited     KW-GIS     Amosa     Dan Iya     Ibraheem Abdullateef     Abdulmumini AbdulRazaq     Bilikis Oladimeji     Adamu B. Yaqubu     Ubandawaki     MINILS     Elewu     Suleiman Alege Kuranga     Tunde Oyawoye     Kola Bukoye     JSSCE     Donatus Ejidike     Tinubu     Yakub Lai Gobir     Ella Supreme Tissue Paper     Ibrahim Abikan     Azeez Bello     Kayode Ogunlowo     Bankole Omisore     Assayomo     Idowu Aremu     Women For Change And Development Initiative     School Of Nursing     Tafida Of Kaiama     ER-KANG Mining Nigeria Company Limited     Mamatu Abdullahi     Kwara North     Folorunsho Alao     Ahmed Saidu Rufai     Abegunde Goke     Abdulrasheed Na\'Allah     Mohammed Lawal Bagega     Abubakar Atiku