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.

Kumbi Titiloye     Temitope Ogunbanke     Mohammed Lawal     Garba Ado Sanni     Olosi Of Osi     Bio Ibrahim     Roheemat Hammed     Saliu Alamoyo     Hijaab     KWASIEC     Waziri Yakubu Gobir     Owu Fall     High Court     KWATMA     Kamaldeen Gambari     Benin Republic     Muhammed Abdullahi     Abdulhakeem Adelaja Amao     Saliu Ajibola Ajia     Jimoh Bashir     Olugbense     BIR     Abegunde Goke     Abdulkadir Bolakale Sakariyah     Mahe Abdulkadir     Abdulmumini Sanni Jawondo     Bureau Of Lands     Khairat Gwadabe     Oja-Oba     Kwara 2023     Bayer Nigeria Limited     Rotimi Atere     Nigeria Computer Society     Coronavirus     Moses Adekanye     Sabi     Deji Ajani     Mohammed Tunde-Jimoh     Shonga Farm Project     Olabode Towoju     Lanre Issa Onilu     Kunle Okeowo     Kisira     Funke Adedoyin     Towoju     Maimunat Oniyangi     Mahmud Babatunde Baker     Abdulazeez Arowona     Abdullahi Dasilva Yussuf     Binta Abubakar-Mora     Esuwoye     Park     Hassan Oyeleke     Valsolar Consortium     Wahab Kunle Shittu     NAWOJ     Bukola Saraki     Abatemi Usman     Kwara NIPR     Umar Ahmed Gunu     Quran     Tricycle Owners Association Of Nigeria     Government High School (GHS), Adeta     HAMFAT Clinic And Maternity     Prince Sunday Fagbemi     Kumbi Titilope     SUBEB     Mustapha Akanbi     Yahaya Abdulkareem Babaita     NNPP     Grillo     Raymond Olaitan     Jaigbade Alao     Elesie Of Esie     Kunle Suleiman     Jumoke Gafar     Joseph Yemi Ajayi    

Cloud Tag: What's trending

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

Afin Descendants Union Of Odo-Owa     John Mayokun Dada     Kola Olota     Funmilayo Braithwaite     Mary Kemi Adeosun     Minimum Wage     Universal Basic Education Commission     Amuda Aluko     Voices Of Tomorrow     Alfa Modibo Belgore     African Democratic Congress     Asa     Kunle Okeowo     Alaaya     SDP     Sanitation Exercise     Ayinde Oki     Ilorin East     Saliu Ajibola Ajia     Vishvas KOZ Tractors     Yaman     Tsado Manman     Muyideen Ajani Bello     11th Galadima     International Vocational Centre     Belgore     Abubakar Abdullahi Bata     Kola Ologbondiyan     Abdulmumini Jawondo     Toyin Saraki     Facebook     Fatai Olodo     Shagari     Saliu Tunde Bello     Aisha Ahman-Pategi     Nigerian Supreme Council For Islamic Affairs     Village Alive Development Association     ITEM 7     Folashade Omoniyi     Mansur Alfanla     Hakeem Idris     Musibau Akanji     Omu-aran     Ojo Fadumila     Admiralty Villa     Patigi Regatta     Gobir Organization Foundation     Iliasu     07039448763     Abiodun Musa Aibinu     Gamji Members Association     Ita-Nmo Market     Rafiu Ibrahim     Sadiq Buhari     Amule     Saadatu Modibbo-Kawu     Taiwo Joseph     Sulyman Age AbdulKareem     Joseph Bamigboye     Kaosarah Adeyi     Olatunde Oyeyiola     Saliu Oluwole     Kwara Consultative Forum     Ado Ibrahim     Tunde Oyawoye     GAMA     Siraj Oyewale     Aishat Sulu-Gambari     Ayegbeni     Minister     Academic Staff Union Of Universities     Idris Amosa Oladipo Saidu     Nigeria Foundation For Artificial Intelligence     IQRA College     Kwara Liberation Group     Pakata Development Association     Baba Issa Awoye