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.

Olusin Of Ijara Isin     Alaro     Nigerian Correctional Service     Shuaibu Yaman     Chemiroy Nigeria Limited     Arca Santa     Abdulhakeem Adelaja Amao     Emir Of Ilorin     Ishola Abdullahi     Kwara Volleyball Association     Alabere     Kazeem Adekanye     Towobola Abdulrahman Toyin     Jaiz Bank     Sanitation Exercise     Tunji Arosanyin     Olomu     Saad Omo Iya     Bareke     Belgore     Abdulkadir Remi Hawawu     Opobiyi     Ajidagba     Bisi Oyeleke     AbdulRahman Saad     Sango-UITH Road     Ilorin Durbar     Titus Suberu-Ajibola     Femi Ogunsola     Ahmad Olanrewaju Belgore     Wale Oladepo     Mustapha Olanipekun     Razaq Ayobami Akanbi     Agbarere     Kubra Kazum     Ahmed Alhasssan     NFAI     Abdulahi Abubakar Bata     Yoruba     Kale Ayo     Ahmed \'Lateef     Bolaji Nagode     Kolawole Bashirat     Elesie Of Esie     Muslim Cementary     Okiki     Ilorin Emirate Stakeholders Forum     Michael Ologundea     Inside Kwara     Femtech     Doyin Awoyale     Jumoke Monsura Gafar     Adedeji Onimago     David Oyerinola Adedunmoye     African Democratic Congress     Abdulrahman Iliasu     Dauda Adeniran Adeshola     Shade Omoniyi     Idowu Laro     Folorunsho Alao     John Dara     Nigeria Customs Service     Ayedun     Adebayo Mohammed Kamaldeen     Sadiq Umar     Bukola Saraki     Maigidasanma     Olokoba Abdullahi Ayinla     Yusuf Badmus     Amuda Bembe     IHS Towers     Kwara Hotel     Abdullahi Imam Abdullahi     Joshua Adeyemi Adimula     Sheikh Ariyibi     Shuaib Abdulkadir     Afusat Nike Ibrahim    

Cloud Tag: What's trending

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

Demola Banu     Babaita     Chief Of Staff     Sa\'adu Salahu     Kawu     Ilorin Descendants Progressive Union     Yomi Adeboye     Doyin Agbamu     Olaitan Buraimoh     Aminat Omodara     Temi Kolawole     Toyin Abdullahi     Hassanat Bello     Olatunji Bamgbola     Kwara Politics     Alfa Modibo Belgore     LAK Jimoh     Mamman Saba Jibril     Oke-Ero     Sherif Sagaya     Universal Basic Education Commission     Fola Consultant     Dairo Kunle Paul     Shagari     Sheikh Ridhwanullah El-ilory     Ola Falade     AbdulKareem Yusuf Danhawa     JMK Construction Company Limited     Offa Poly     Hijab     A.E. Afolabi     Yusuf Ali     TIC     Tunde Yusuf     Henry Olaosebikan     Kulende     Danhawa     Mahfouz Adedimeji     Popo-Igbonna     Mohammed Yahaya Barki     Justina Oha     Joseph Alex Offorjama     Akume     Alapansapa     Saeedat Aliyu     Lafiagi     Simon Sayomi     Olaiya Zuberu     Mumini Ishola Hanafi     AbdulGaniyu Kareem     George Innih     Flights To Ilorin     SGBN     Peter Amogbonjaye     Ilesha-Baruba-Gwanara     Bola Magaji     SAPZ Project     Olofa Of Offa     Bolaji Gambari     Ileloke     Ishola Abdullahi     International Public Sector Accounting Standards     Bola Ahmed Tinubu     Adolescent Girls Initiative For Learning And Empowerment     Abdullahi Adisa Akodudu     Aliyu Kora-Sabi     Admiralty Villa     Ibrahim Gambari     Baba-Isale     Majlis For Sadaqah, Zakat And Waqf     Kaiama     Senate Presidency     Oyun     AbdulRazaq AbduMajeed Alaro     Ajia-Bako     Yusuf Lawal     SDP