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.

Valsolar Consortium     IF-K     KWASEIC     Ahmad Uthman     Afolabi-Oshatimehin Adenike Harriet     Issa Baba     Abdulrasheed Lafia     Shettima Of Ilorin     Oye Tinuoye     Abdulfatai Ahmed     Ayekale     International Aviation College     Saba Jibril     Tinubu Legacy Forum     Samuel Elizabeth Keatswa     Moses Adekanye     Jamiu Oyawoye     Prince Mahe Abdulkadir     Yinka Aluko     Hassan Taiye Salam     Ridwan Agboola     Yaru     Taofik Abiodun Ahmed     Abdulrahman Abdulrasak     Women For Change And Development Initiative     Unilorin FM     Fatimoh Lawal     Grillo     KWASAA     Centre For Digital Economy     Ibrahim Labaika     Isiaka Alikinla     Ahmed Alhasssan     Opaleke Bukola Iyabo     Lanwa     Afusat Nike Ibrahim     AbdulGafar Tosho     Imam Gambari     NNPP     Ibrahim Abdulqadir Abikan     Jimba Babatunde     Osinbajo     TIC     Offorjama     Erin-ile     Kwara State Branch Of The National Library     Countryside Emerging Leaders Fellowship     Aisha Buhari     Owo Isowo     3MTT     Ileloke     Kwara United     Allocation     Waheed Ibrahim     Lawal Arinola Kudirat     Adisa Logun     Ojuekun Sarumi     Omotoso Musa     Moro     Isapa     Kwabes     Sidikat Alaya     Magaji Are     AbdulRazaq Jiddah     Harmony Holdings     Abdulraufu Mustapha     Alabe     Adedayo Yusuf Abdulkareem     Hajj     New Nigeria People’s Party     Ghali Muhammed     Oyeyemi Olasumbo Florence     Elerin Of Adanla Irese     Abdullahi Saadudeen Alikinla     Amos Sayo     Medinat Folorunsho Salman     Yusuf AbdulRasheed    

Cloud Tag: What's trending

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

Seed Technologies     Umar Gunu     Olaosebikan     Baboko     Age AbdulKareem     Kwara Restoration Project     Segun Abifarin     SARS     Arandun     Sarkin Malamai     Samuel Elizabeth Keatswa     Aminu Ado Bayero     Omoniyi Ayinla     Saka Onimago     AbdulFatai Adeniyi Dan-Kazeem     Soffiyyallah Kamaldeen     Sobi FM     Tunji Arosanyin     Face Masks     Kwara State Sports Commission     Akanji     Ahman Pategi University     Funmilayo Isiaka Oniwa     Omotosho     Gabriel Fashanu     Sola Saraki University     Bello Taoheed Abubakar     Ganiyu Abolarin     Curfew     Sarah Alade     Ganmo Electricity Sub-Station     Sodiya     National Broadcasting Commission     Eleja     Osuwa     Idris Garba     Siddiq Adebayo Idowu Salawu     Gobir     Ajike People Support Centre     Sidikat Alaya     SAPZ Project     Ibrahim Issa Jetti     Abdulkadir Akanbi-Oke     International Public Sector Accounting Standards     Mahmud Babatunde Baker     Sheu Ndanusa Usman     Mohammed Saidu     Jumoke F. Ajao     Hajj     Rex Olawoye     Edu     Magaji Erubu     Bola Tinubu     Muritala Olarewaju     Baakini     Towoju     Aliyu Salihu     Mopelola Abdulmaliq-Bashir     Aliyu U. Tilde     Joseph Yemi Ajayi     Ilorin Central Mosque     Isin     Lateef Fagbemi     Abioye Bello     Sobi Specialist Hospital     KWASAA     Fatimoh Lawal     Tunji Moronfoye     Na\'Allah     Tsaragi     Tunde Akanbi     Oja-Oba     Saheed Popoola     Afeyin-Olukuta     Sanitation Exercise     Lai Mohammed     Deji Ajani