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.

Hassan A. Saliu     Opaleke Bukola Iyabo     Baruten     Aasiyat Bello Oyedepo     Durosinlohun Kawu     Aisha Buhari     Abdulmajeed Abdullahi     Olatunji Ayeni     Baakini     Share     Shero     Vasolar-Kwara Company Ltd     Lateef Alagbonsi     Bamidele Adegoke Oladimeji     Matthew Okedare     Ibrahim Oloriegbe     Kwara Central     Kisra     Osuwa     Sunset Workers     Buhari     Saadatu Modibbo-Kawu     EFCC     Kazeem Oladepo     Nigerian Army     Ubandoma Of Ilorin     Olupako Of Share     Ibrahim Gambari     Iyabo Adewuyi     Abiodun Oyedepo     Salihu Ajibola Ajia     Babaloja-General     Sheikh Alimi     Saad Belgore     Simeon Sule Ajibola     Laduba     Age AbdulKareem     Bolakale Saka     Yakubu Shaaba     Durbar     Aliyu Adebayo     Abdulrosheed Okiki     Kayode Ishola     Abdullahi Atanda     Kwabes     Niyi Ogundiran     Alimi Abdulrazaq     Kwara State Fish Farmers Association     Abdulkadri Ahmad Alaiye     Muhammad Ghali Alaaya     Nagode     Mansur Alfanla     Muyiwa Oladipo Kanu     Ejidongari     Kwara State Printing And Publishing Corporation     Henry Olaosebikan     Kwara State Sports Commission     Idris Amosa Oladipo Saidu     SAPZ Project     Olaosebikan     Aiyedun     Yaman     Curfew     Odo-Owa     Emir Of Ilorin     Dan Iya Of Ilorin     Niyi Osundare     Donatus Ejidike     Toyin Olayinka Tejidini     IsDB     Ella Supreme Tissue Paper     Muhammad-Mustapha Suleiman     All Confederation Of Principals Of Secondary Schools     Aso Ofi     ARMTI     James Ayeni     Ahmad Ali    

Cloud Tag: What's trending

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

Kwara Poly     Gamji Members Association     Sa\'adu Gambari     Atiku Abubakar     Balogun Ajikobi     Yakubu Shaaba     Olawuyi     Ilorin Like-Minds     Rotimi Samuel Olujide     Dagbalodo     Abdulkadir Remi Hawawu     Ganmo Power Sub-Station     AbdulQowiy Olododo     Eghe Igbinehin     ER-KANG     CELF     Offa Metropolitan Club     Lucky Omoluwa     Abdullahi Dasilva Yussuf     Muhammadu Gobir     Salihu Alhaji Musa     Summit University     Maigidasanma     Sulaiman Gado     Shuaibu Yaman Abdullahi     Kayode Alabi     Yusuf Mubarak     Yusuf Amuda Abubakar     Kwara Politics     Shero     Abubakar Atiku     Sunset Workers     Marufat Oladosu     Abdulrazaq Sanni     George Innih     Oyelere Oyinloye     Igosun     Chief Imam Of Omu-Aran     Valsolar     Elerin Of Adanla     Gbajabiamila     Oyedun Juliana Funke     Tanke Road     Maryam Ado Bayero     Amusa Bello     Awili Pedro     Sanusi Abubakar     John Dara     SSA Youth     Ghali Muhammed     Idowu Aremu     Harmony Holdings     Age AbdulKareem     Abubakar Baba Sulaiman     Elerin Of Adanla Irese     Alapado     Baboko     Salami Adekunle     Fola Consultant     Jelili Yusuf     Bank Of Industry     Mukhtar Shagaya     Ronke Adeyemi     Bello Bature     Ojuekun Sarumi     Mansur Alfanla     Alore     Oke-Kura     Alimi     Post-utme     Maryam Nurudeen     Anilelerin     Wahab Olasupo Egbewole     Ayinde Oyepitan     David Oyepinola Adedumoye     Isau     CACOVID Palliatives