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.

Adijat Adebiyi     Sarakite     Aliyu Muhammed     JMK Construction Company Limited     Pilgrims Board     Ajasse-Ipo     Ilorin East/South Federal Constituency     Borgu     Ilorin Metro Park     Suleiman Alege Kuranga     Ilesha-Gwanara     Government House     IPSAS     M.Y. Abdulrahaman     MATTA Girls Foundation     PharmAccess Foundation     Jimoh Lambe Abdulkareem     Salary     Madawaki     Henry Makinwa     AbdulHakeem Ajibola Akanbi     Esinrogunjo     Abdulazeez Uthman     Mahfouz Adedimeji     Niyi Osundare     Binta Abubakar Mora     Saad Omo Iya     Baba Idris     Ajikobi     Kisra     Ilorin Airport     Gobir Organization Foundation     Kunle Suleiman     Saka Keji     Modupe Oluwole     Kayode Oyin-Zubair     Abdulrazaq Aiyelabegan     Yahaya Abdulkareem     Bisi Kristien     Garuba Alikinla Shittu     Shuaib Jawondo     Mohammed Lawal     Olohungbebe     Mansurat Amuda-Kannike     Abiodun Oyedepo     Raymond Olaitan     Femi Agbaje     Najim Yaasin     Matthew Okedare     Aisha Ahman Pategi     Erubu     Bukola Ajikobi     Council Of The Wise     Ishola Moses Abiodun     Olomu     Neo Mundo Ltd     Ajibola Saliu Ajia     Kwara State Fire Service     Budo Egba     Akom Construction And Engineering Synergy Ltd     Radio SBS     Saidu Kawu     Curfew     Sulu Babaita Isiaka     Bashir Badawi     Olatunde Michaels     Abubakar Abdulraheem     Idris Amosa Oladipo Saidu     Bareke     Metro Park     Maigida Soludero Transit     Yunus Oniboki     KwaraLearn     Christopher Odetunde     Allocation     Adam Abdullahi Al-Ilory     Bashir Omolaja Bolarinwa    

Cloud Tag: What's trending

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

Saka Onimago     Toyin Sanusi     Roheemat Hammed     Oluwole Dupe     Tunji Moronfoye     Esinrogunjo     Abdulraheem Yusuf     Salau Kabiru Abdullahi     Bankole Omisore     Olokoba     Savannah Centre For Diplomacy, Democracy And Development     Salami Adekunle     Funmilayo Braithwaite     All Confederation Of Principals Of Secondary Schools     Irepodun     Aliyu Salihu     Young Progressives Party     COEASU     Ilota     IF-K     Mujtabah Bature     Ajibola Saliu Ajia     Elerin Of Erin-Ile     IFK     Sayomi     Abdulkarim Adisa     Olomu Of Omu-Aran     Naira Redesign     Kwara Restoration Project     Quareeb Islamic Association     Mohammed Yahaya Barki     Veterinary Teaching Hospital     Awodun     Adekunle David Dunmade     Oniyangi     Abdulrasheed Lafia     PPS     Kwara State Infrastructure Development Fund     Osinbajo     KWAFFA     Woro     Ahmed Idris Mohammed     Kola Adesina     Offa     Okin Malt     Aishatu Ahmed Gobir     Nurudeen Mohammed     Saliu Ajia     Radio SBS     Geri-Alimi Split Diamond Interchange     ENetSuD     Aiyedun     Mohammed Alabi Lawal     Taofeek Sanusi     Musa Ayinla Yeketi     Abdulmajeed Wahab     Abdulmumini Sanni Jawondo     Ganmo     KWASEIC     Aremu Odolaye     CCEPE     Peter Amogbonjaye     Olusegun Adeniyi     AbdulKareem Yusuf Danhawa     Abdullahi Biffo     Jani Ibrahim     Chief Imam Of Ilorin     Ebola     Aisha Gobir     Barakat Community Secondary School     Mohammed Jimoh Faworaja     Colleges Of Education Academic Staff Union     Muritala Awodun     Okedare     Nnazua     Segun Ogunsola     Kayode Alabi