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.

Towoju     Muhammed Aliyu     Abubakar Imam     Mubarak Oladosu     Minister     Elerin Of Adanla     Hijaab     Doyin Awoyale     All Peoples Party     Hajj     Micheal Imodu-Ganmo Road     Gbugbu     Tunde Akanbi     Jide Oyinloye     Valsolar Consultoria     AIT Ilorin     Al-Hikmah Radio     Sa\'adu Salahu     Clara Nwachukwu     April 11     Logun     Nigerian Medical Association     JSSCE     Umar Sanda Yusuf     Ajia-Bako     Sheikh Hamzat Yusuf Ariyibi     Abubakar Kawu Baraje     Oladipo Akanmu Tolani     Suleiman Mora Omar     Segun Ogunsola     Woro     Shade Omoniyi     Aliyu Muhammed     Ibrahim Labaika     Busari Toyin Isiaka     Taofik Abiodun Ahmed     Voices Of Tomorrow     Abubakar Suleiman     Joseph Yemi Ajayi     Moremi High School     Yusuf Abdulkadir     Kwarareports     Offa Grammer School     Ministry Of Women Affairs And Social Development     NIPOGA     Bolaji Nagode     3MTT     Kwara Coalition Of Business And Professional Associations     Elerinjare-Ibobo     ANCOPPS     Bolaji Abdullahi     Akanji     Najim Yaasin     Public Holiday     Galland Marcias     Arinola Fatimoh Lawal     TESCOM     Muhammed Abdullahi     Niguel Gallando Marcias     Amos Bajeh     Joana Nnazua Kolo     Babaita     Shuaibu Yaman Abdullahi     Plat Technologies Limited     Hameed Oladipupo Ali     Ilorin     Olateju Lukman     SWAN     Sam Okaula     Ganmo Electricity Sub-Station     Bamikole Omishore     Tunji Moronfoye     Femi Oladiji     VADA     Abikan     Hausa     Abatemi-Usman    

Cloud Tag: What's trending

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

Saadu Yusuf     Tunde Kazeem     GRA     Turaki Of Ilorin     Onilu     Ayobami Seriki     Dankaka     Monsurat Omotosho     Olubukola Kifayat Adedeji     Aminu Adisa Logun     Adanla-Irese     Amos Sayo     Bio Ibrahim     Kehinde Baale     Mohammed Yisa     Ramat Oganija     Yomi Adeboye     Wahab Olasupo Egbewole     Bank Of Industry     CKNG     Sambo Murtala     Igbomina     Ministry Of Women Affairs And Social Development     Taofik Abdulkareem Babaita     Hijaab     Ayo Salami     Yahaya Dumoye     AbdulRazaq AbduMajeed Alaro     Muhammad Mustapha Suleiman     Amusement Park     Azeez Bello     Iliasu     UNILORIN Alumni     Iponrin     Student Learning Support Helpline     Okin Malt     Roseline Oni Aremu     General Hospital, Ilorin     Abdulsalam Firdaous Amosa     Abdullahi Dasilva Yussuf     Akom Construction And Engineering Synergy Ltd     Amule     Aliyu Sabi     Lawan     Muhammed Aliyu     Oko-Olowo     Kayode Bankole     Federal Neuro-Psychiatric Hospital     Magaji Are     Federal Polytechnic Offa     Lola Ashiru     Sango-UITH Road     Gbemi Saraki     Modibo Kawu     Abdulwahab Olarewaju Issa     Tunji Moronfoye     Road Transport Employers Association Of Nigeria     National Pilot     Standard Organization Of Nigeria     Tunji Arosanyin     Ethical College     John Obuh     Kwarareports.com     Alliance For Democracy     Peter Amogbonjaye     Abdulrauf Yusuf     Plat Technologies     Olateju Lukman     Aishat Sulu-Gambari     Bankole Omishore     Fatima Abolore Jimoh     Abdul-Rasheed Na\'Allah     Soffiyyallah Kamaldeen     Segun Ogunsola     Muftau Akanbi Oke     Samuel Olusegun Adedayo     Musa Abdullahi