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.

Ajakaye     SARS     Yakubu Dogara     Rasaq Jimoh     Mohammed Yahaya Barki     Inside Kwara     Ilorin Emirate Staff Association     National Broadcasting Commission     Mahmud Durosinlohun Atiku     Christopher Odetunde     Neo Mundo Ltd     Ishola Abdullahi     Al-Hikmah University     Kayode Zubair     Aliyu Umar     Ibrahim Labaika     Kwara Pdp     Ahmad Fatima Bisola     Oba Abu     Durosinlohun Kawu     Omotoso     Ibraheem Adeola Katibi     Kwara Hotel     LEAH Charity Foundation     Fatai Garuba Labaka     Saidu Isa     Alabe     Hameed Oladipupo Ali     Patigi Regatta     Jide Oyinloye     Folaranmi Aro     Ilorin     Www.Kwarareports.com     Arandun     Okin Biscuit     GRA     Hamidat Sulyman-Yusuf     Reuben Paraje     Ile Arugbo     Moses Adekanye     Facebook     Smart School     Kwha.gov.ng     ANCOPPS     Haleeman Salman     Bayer AG     Mufti Of Ilorin     Ola Falade     Yusuf Abdulraheem     Babatunde Ajeigbe     Odolaye Aremu     Yahaya Abdulkareem     Kola Ologbondiyan     Lafiagi     Toyosi Thomas     Yusuf Ali     KWAFFA     Salary     Okedare     Share-Tsaragi     Erubu     Bilikisu Gambari     Olusola Saraki     Share     Dankaka     Ganmo     AbdulRasaq Abdulmajeed Alaro     Ishola Balogun Fulani     Aro Yahaya     Grillo     Balogun Fulani     Idi-Ape     Fatimoh Lawal     Onilupeju Of Ilupeju     Olupako     Radio Kwara     Olofa Of Offa    

Cloud Tag: What's trending

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

Islamic Development Bank     Yekeen Alabi     Isiaka Gold     Abdullahi Imam Abdullahi     Oloje     Laduba     Tanke Road     Sarakite     Dar-Al-Handasah Consultants Ltd     Sayomi     Saka Asiat Ayinke     Ibrahim Labaika     Oke-Oyi     Halidu Danbaba     Ifelodun     Lai Gobir     Alabi Lawal     Aisha Ahman-Pategi     Funmilayo Oniwa     IDPU     Abdulkadir Jimoh     Press Release     Yoonus Lawal     Smart School     Jimoh Saadudeen Muhammed     Wale Oladepo     Ibrahim Agboola Gambari     Local Government     Bareke     Odolaye Aremu     Talaka Parapo     Femi Gbajabiamila     Bisi Oyeleke     Dauda Adesola     IFK     Ibraheem Adeola Katibi     Yomi Adeboye     Ganiyu Taofiq     Kwabes     Oluranti Idowu     Dan Iya     Kayode Oyin-Zubair     Khairat Gwadabe     Metro Park     Bashir Badawi     Abdulsalam Firdaous Amosa     CLAY POT     Kwara Pdp     Joseph Bamigboye     Madawaki     Idris Amosa Oladipo Saidu     Eleyele     Ayo Opadokun     Photo News     Edu     Gambari     Susan Modupe Oluwole     Umar Ayinla Saro     Adebara     Fareedah Dankaka     Adedipe     Kwara Metro Park     Ijagbo     Moji Makanjuola     Senate President     Diagnostic Centre     Dagbalodo     College Of Health     Kaosarah Adeyi     Henry Olaosebikan     Gbajabiamila     Alabere     Abdulrahman Abdulrasak     CCB     Oyedepo     Shehu Jimoh     Bello Taoheed Abubakar