Harmony Holdings lauds Gov AbdulRazaq over disbursement of bailout funds

Date: 2021-07-21

* to pay 6-months salary arrears and other entitlement owed by AbdulFatah Ahmed adminstration

* as agency pays all outstanding salaries, inherited entitlements

* staff elated, prayed for governor AbdulRasaq for bringing smiles on their faces into eid festival

Harmony Holdings Limited, Kwara State wholly-owned investment management company, has lauded Governor AbdulRahman AbdulRazaq over his approval of the disbursement of bailout funds, part of which was used to pay the six months outstanding salaries of staff at the holdco and several years of other entitlements including the ones inherited from the previous administration.

Group Managing Director and Chief Executive Officer, Mallam Abdullahi Abdulmajeed in a statement on Tuesday appreciated the Governor on behalf of the group, noting the intervention was very timely as the staff now wear glad looks into the Eid-el-Kabir celebration.

"On behalf of Harmony Holdings Limited, I offer deep appreciations to His Excellency, Mallam AbdulRahman AbdulRazaq, the Executive Governor of Kwara State who is also our business owner for his recent approval of disbursement of bailout funds to the company. We are sincerely grateful as this is not the first time we will be benefitting from His Excellency's magnanimity," the statement read.

"Part of the funds have been judiciously used to pay the six months outstanding salaries of staff and several years of other entitlements including the ones inherited from the previous administration dating back to 2018. This intervention could not have come at a better time as our staff are now smiling to the banks and are very much elated into the Sallah celebrations. The buck now stops on our table. We will always take responsibility and ensure the turnaround of the investment portfolios under the holdco despite the daunting challenges we inherited. One step at a time, we will clear all the mess."

The GMD/CEO meanwhile explained that the payment of all the dues will be followed up by restructuring to enable the company meet its overhead and ensure a sustainable system, adding that same will cascade to all the strategic business units.

Corporate Affairs Unit

Harmony Holdings Limited

July 20th, 2021

 

Cloud Tag: What's trending

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

Oyedun Juliana Funke     Umar Sanda Yusuf     Aliyu Muhammad Saifudeen     Seun Bolaji     Oke-Odo     Towoju     Yunus Lawal     Sai Kayi     Kamaldeen Kehinde     Makama Of Ilorin     Olayinka Oladapo Jogunola     Adama Isa     Special Agro-industrial Processing Zone     Ileloke     Ashiru     Omoniyi M. Ayinla     Funmi Salau     Abdulkadir Remi Hawawu     SWAN     Saliu Ajia     Ahmad Ali     Dauda Adeniran Adeshola     Abdul-Rasheed Na\'Allah     Omotoso Musa     Mohammed Abduraheem     Habeeb Abdullahi Al-Ilory     Yakubu Gobir     Siraj Oyewale     Kwara Volleyball Association     IsDB     Valsolar     Sulyman Abdulkareem     Kola Ologbondiyan     Amos Sayo     Oyelere Oyinloye     Barakat Community Secondary School     Metro Park     Ilorin Emirate Stakeholders Forum     Ilorin Emirate     Benin Republic     Kwara NIPR     Bamidele Aluko     Muhammed Taofeeq Abdulrazaq     Garba Ayodele Wahab     Mohammed Haruna     Third Estate     Balogun-Ojomu     Kehinde Boyede     Olayinka Are     New Model Police Station     NSCIA     Mahmud Babatunde Baker     Ohoro Of Shao     Ibrahim Abduquadri Abikan     Ayo Adeyemi     Abdul-Rahoof Bello     Sadiq Umar     Babata     Shonga Farm Project     Aisha Ahman-Pategi     Kwara State Coalition Of Business And Professional Associations     Yusuf AbdulRasheed     Curfew     Arca Santa     Danladi     Olabode George Towoju     Is\'haq Modibbo Kawu     Oniye     Anilelerin     New Naira Notes     Wahab Olasupo Egbewole     Abdulrazaq Magaji     MATTA Girls Foundation     Kpotum Mohammed Baba     Wale Oladepo     Taofeeq Olateju     Okin Malt    

Cloud Tag: What's trending

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

Ahmed Idris Mohammed     Ibrahim Oniye     Sabi     Muhammed Akanbi     Ahmed Bolaji Nagode     Eghe Igbinehin     Rotimi Oyedepo     Tayo Awodiji     Maimunat Oloriegbe     Ibikunle Ogunleye     Kwara University Of Education     John Obuh     Eleja Taiwo Banu     Kwara State Polytechnic     Hakeem Lawal     Assayomo     Is\'haq Modibbo Kawu     Joseph Alex Offorjama     Amasa     NNPP     Bilikisu Oniyangi     Igbomina     NSCIA     11th Galadima     Shuaib Boni Aliyu     KWIRS     Kisra     Sam Onile     Illyasu Abdullahi     Femi Oladiji     Ibraheem Adeola Katibi     Musa Ayinla Yeketi     Face Masks     Olokoba Sulyman     Budo-Egba     Vishvas KOZ Tractors     Muhammad-Mustapha Suleiman     Saka Aleshinloye     Kwara Liberation Group     National Union Of Road Transport Workers     Abdulraheem Yusuf     SSUCOEN     Ajasse-Ipo     Agbarigidoma     HICA     Press Release     Anilelerin     2017 Budget     Mustapha AbdulGaniyu     Sola Saraki Educational Foundation     Adebara     Al-Adaby     Akanbi-Oke     Timothy Akangbe     Kunle Akogun     Chemiroy Nigeria Limited     SDP     Oyeyemi Olasumbo Florence     Dele Momodu     Saka Isau     Makama Of Ilorin     Ministry Of Women Affairs And Social Development     Ibrahim Taiwo Road     Ilorin Emirate Staff Association     Neo Mundo Ltd     Peculiar Allowance     Rice Farmers Association Of Nigeria     NAWOJ     Ilorin Amusement Park     Muhammad Akande Olarewaju Odunade     Samuel Adaramola     Musibau Akanji     Damilola Yusuf     Ibrahim Issa Jetti     Standard Organization Of Nigeria     Islamic Development Bank     Kumbi Titilope