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.

Sheikh Ariyibi     Amos Justus Sayo     Biliaminu Aliu     Sadiq Umar     Kwara State Geographic Information Service     Imam Gambari     Onilorin     National Pilot     Ajike People Support Centre     Raliat Islamic Foundation     Maigida     Abdulsalam A. Yusuf     Saliu Shola Taofeek     Oluwarotimi Boluwatife Adenike     Third Estate     Idris Garuba     Al-Hikmah University     Kayode Ishola     Cornelius Adebayo     Towoju     Kunbi Titiloye     Olatunji Bamgbola     Mashood Dauda     Shonga Farm Project     Unilorin     Economic And Financial Crimes Commission     Abdulkadir Orire     Lanre Issa Onilu     Alliance For Democracy     Bola Sagaya     Iyiola Oyedepo     Mahee Abdulkadir     Iyeru Grammar School     Abubakar Abdullahi Bata     Mazars Consulting     Abiodun Oyedepo     Baakini     Yahaya Muhammad     Shuaibu Yaman     Rice Farmers Association Of Nigeria     Kumbi Titilope     NIRSAL     Mohammed Katsina Ahmed     Rashidi Yekini     Salihu S. Yaru     Idris Amosa Saidu     Sobi FM     Mohammed Saidu     Babatunde Ajeigbe     Kayode Oyin Zubair     Alabi Lawal     Bola Ahmed Tinubu     Hussein Olokooba     Mohammed Khadijat Kubura     Igbaja     Geri-Alimi Split Diamond Interchange     Oba-Solagberu     Niyi Osundare     Ajibola Saliu Ajia     Umar Saro     Shuaib Jawondo     Lukman Oyebanji Fagbemi     Mufti Of Ilorin     Pakata Patriots     Shade Omoniyi     Alagbado     Ganiyu Abolarin     Federal College Of Education (Special), Afon     Kale Ayo     JMK Construction Company Limited     Raji Ayodele Kamaldeen     Rafiu Ajakaye     NULGE     Saheed Akinwumi     Onilu     Kwasu     Azeez Bello    

Cloud Tag: What's trending

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

John Obuh     Oja-Oba     Aisha Ahman-Pategi     Ilorin West/Asa Federal Constituency     Dumagi     Offa Poly     Chief Imam Of Lafiagi     Bilikis Oladimeji     Kale Kawu     Donatus Ejidike     Eleyele     Olatunji Ayeni     Shehu Jimoh     Oke-Ero     Suleman Abubakar     Shuaib Jawondo     School Of Nursing     Yusuf Olaolu Ali     Quranic Recitation Competition     Habeeb Abdullahi Al-Ilory     IHS     Toyin Sanusi     Council Of The Wise     Bolakale Kawu     George Innih     Shade Omoniyi     Tunde Idiagbon Road     Kolo     Ganmo Electricity Sub-Station     Yahaya Muhammad     Kwara State Fish Farmers Association     KWSIEC     Kolawole Bashirat     Muyiwa Oladipo Kanu     CACOVID     Imodoye Writer’s Enclave     Abdulmajeed Abdullahi     Olubukola Kifayat Adedeji     Kazeem Gbolagade     Ashiru     Memunat Monsuma     Kumbi Titiloye     Kayode Zubair     Oko-Erin     New Naira Notes     Issa Memunat Moyosore     Baba Adini Of Kwara State     Ilesha-Baruba     Lithium     Waziri Yakubu Gobir     Alabe     Ayeyemi Sulaiman     Ayoade Akinnibosun     Hassan A. Saliu     Balogun Ajikobi     Muhammad-Mustapha Suleiman     Dele Momodu     Yusuf Ali     Nigeria Foundation For Artificial Intelligence     Nurudeen Mohammed     Muhammad Mustapha Suleiman     Student Learning Support Helpline     Sabitiyu Grillo     Peter Amogbonjaye     Michael Ologundea     Prince Sunday Fagbemi     Oniyangi Kunle Sulaiman     Chief Of Staff     Ahmed Bolaji Nagode     Christopher Tunji Ayeni     Yakub Lai Gobir     2023 Elections     Elections     Woro     KWATMA     Arinola Fatimoh Lawal     Arinola Lawal