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.

Olatunji Abdulmumeen     Matthew Okedare     Kassim Babamale     Olokoba Abdullahi Ayinla     Abubakar Baba     Olabode George Towoju     Aisha Buhari     Tunji Olawuyi     Clement Yomi Adeboye     KWASIEC     Gbemi Saraki     Kolawole Bashirat     Benin Republic     Adebayo Salami     Joseph Bamigboye     Kayode Zubair     Ganmo Power Sub-Station     Anilelerin     Abdullahi Saadudeen Alikinla     Buhari     Radio Kwara     Femi Oladiji     Saeedat Aliyu     Babata     Olatunde Oyeyiola     Arca Santa     Nigerian Medical Association     Muhammed Abdullahi     General Tunde Idiagbon International Airport     Hausa     Tayo Awodiji     Wakilin Mata Lafiagi     Durbar Festival     Ahmad Olayiwola Kamaldeen     Afeyin-Olukuta     Toyin Olayinka Tejidini     Yahaya Dumoye     Mustapha Akanbi     Okin High School     CCB     Share/Tsaragi     Democracy Day     Joseph Alex Offorjama     CCEPE     Salman Jawondo     Dairo Kunle Paul     Olabimpe Olani     Bature Bello     Muslim Stakeholders Of Kwara State     Mary Arinde     Danladi     Sherif Sagaya     Oluranti Idowu     Okedare     Orisun Igbomina     Cornelius Adebayo     Ohoro Of Shao     Raheem Adaramaja     Ajia-Bako     Dar-Al-Handasah Consultants Ltd     Odolaye Aremu     Rashidi Yekini     Yusuf Arowosaye     Isiaka AbdulRazaq     Adama Isa     Ejidongari     Makama Of Ilorin     Yomi Ogunsola     Geri-Alimi Split Diamond Interchange     IsDB     Funmilayo Isiaka Oniwa     Muazam Nayaya     Ahmed Bayero     Lawal Olohungbebe     SSA Youth     Emmanuel Olatunji Adesoye     Usman Rifun    

Cloud Tag: What's trending

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

Omoniyi     Ilorin Innovation Hub     Ojo Isekuse     Kale Ayo     Lanre Olosunde     UITH     AbdulRazaq AbduMajeed Alaro     Abdullahi Imam Abdullahi     ER-KANG Mining Nigeria Company Limited     Sarkin Malamai     Kwara State Pension Board     Bayo Onimago     Special Adviser On Digital Innovation     Valsolar Consultoria     Musibau Akanji     Ayo Opadokun     Ashiru     Kwara University Of Education     Logun     Ibrahim Issa Jetti     Sabi     MalHub     Muftau Akanbi Oke     Gambari     Afolabi-Oshatimehin Adenike Harriet     Olayinka Are     Salihu Ajia     Kwara Poly     Oasis Muslim Care Foundation     NSCIA     International Aviation College     Federal Allocation     AGM Professional Services     Adaramaja     Temi Kolawole     Alabe     Aliyu U. Tilde     Marafan Shonga     Saliu Tunde Bello     Freshvine Nigeria Limited     Oniye     Oke Sunna     Olatunde Olukoya     Na\'Allah     Taofik Abdulkareem Babaita     Idofin     NIRSAL     Kwara 2023     Fatimoh Lawal     Lawal Olohungbebe     Baba Idris     Saraki     Ohoro Of Shao     Arca Santa     Monsurat Omotosho     A.O. Belgore     Earlyon Technologies     Khadijat Ayoola Yusuf     Kayode Ogunlowo     Lanre Badmus     Elerin Of Adanla Irese     Adedeji Onimago     Segun Abifarin     Olateju Lukman     Pacify Labs     Sardauna Of Ilorin     Kazeem Adekanye     College Of Health     Oniwa     Saba Mamman Daniel     Towoju     Moses Rahman Popoola     Basit Olatunji     08001000100     CCB     Umar Ayinla Saro     Oro Grammar School Old Students Association