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.

Gobir     Yusuf Abdulraheem     TIIDELab     HYPPADEC     Adanla-Irese     Dumagi     Sheriff Olanrewaju     John Dara     Mansur Alfanla     Abdulrazaq Akorede     Col. Taiwo     Kwara Basketball Association     Vasolar Consortium     JAAC     Elesie Of Esie     Millennium Development Goals     Saka Isau     Ganmo Electricity Sub-Station     Mohammed Abdulahi     Ilorin Airport     Ayoade Akinnibosun     Elese Of Igbaja     ARMTI     AbdulGafar Tosho     Bashir Adigun     Omotoso Musa     Salmon Babatunde Salmon     Gurei     Dar-Al-Handasah Consultants Ltd     Shuaib Boni Aliyu     Abdulmutalib Shittu     Rex Olawoye     Opolo Global Innovation Limited     Chief Of Staff     Buhari     Abubakar Ndakene     Maryam A. Garuba     Aliyu Umar     Ibrahim Bio     Local Government     NFAI     Olusola Saraki     Yahaya Dumoye     Ahmed Bolaji Nagode     Idofin     Chemiroy Nigeria Limited     A.O. Belgore     Mohammed Yisa     Aso-ofi     Aisha Buhari     Tescom.kwarastate.gov.ng     Tope Daramola     Bisi Kristien     ER-KANG     Nigeria Governors\' Forum     Michael Nzekwe     Ibrahim Abdulkadir Abikan     Olatunde Jare     Societe Generale Bank Of Nigeria     Aso Ofi     RTEAN     Lawyers Unite Against Corruption     Oasis Muslim Care Foundation     Ayodele Kuburat Olaosebikan     Aliyu Muhammed     Bolaji Aladie     Zaratu Umar     Erin-ile     Femi Agbaje     Okala Baba     Olatunji Abdulmumeen     Deji Ajani     Mohammed Halidu     Yusuf Amuda Aluko     Ayo Salami     Plat Technologies Limited     Habeeb Saidu    

Cloud Tag: What's trending

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

Offorjama     CCB     Yahya Mohammed     Police Commissioner     Opolo Global Innovation Limited     Yashikira     Sobi     Abdul Jimoh Mohammed     Awodun     Toun Okewale-Sonaiya     Jare Olatundun     Issa Manzuma     Alliance For Democracy     Rotimi Atere     Nigeria Governors\' Forum     Suleiman Alege Kuranga     Joseph Yemi Ajayi     Offa Descendants Union     Okanlawon Taiwo     Ibrahim Abikan     FERMA     Saka Aleshinloye     TETFUND     Gbenga Adebayo     Ahmed     Joseph Bamigboye     Kwara Restoration Project     Okeose Christian Cementary     Yemi Osinbajo     Olatunde Jare     Jaiz Bank     Aiyedun     Mohammed Ibrahim     Tescom.kwarastate.gov.ng     Olaoye B. Felix     Dankaka     Toyin Abdullahi     Ayedun     Yusuf Amuda Abubakar     Suraj Tunji Oyewale     National Information Technology Development Agency     Tafida Of Ilorin     Muhammed Akanbi     Ganmo     Ayodele Olaosebikan     Bashiru Makama     Salman Alada     Idris Amosa Oladipo Saidu     Yusuf Olaolu Ali     First Lady     Adegoke Bamidele     CACOVID Palliatives     Olabode Towoju     Kayode Ibrahim     Gbajabiamila     Abubakar Usman Jos     Nigerian Supreme Council For Islamic Affairs     Ilorin.Info     KWAFFA     Shuaib Abdulkadir     Femtech     Sodiya     NaAllah     Shuaib Olarongbe     Ahmed \'Lateef     Saidu Yaro Musa     BIR     All Confederation Of Principals Of Secondary Schools     Abdulganiyu Salahudeen     Ahmed Mohammed Rifun     Aliyu Muyideen     Rachael Obisesan     Communication Network Support Services     Salihu Ajia     Ilorin Talaka Parapo     Igbaja     Moses Adekanye