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.

Neuropsychiatric Hospital     Vasolar Consortium     Abdulkadir Orire     Vasolar     Yoonus Lawal     Isau     Gbugbu International Market     TESCOM     MATTA Girls Foundation     High Court     Forgo Battery     Ramat Oganija     Kwara North     Mohammed Abdulahi     Sanusi Abubakar     Park     Ministry Of Women Affairs And Social Development     Shuaib Jawondo     Kwara State Polytechnic     International Vocational Centre     Monkey Pox     Odo-Owa     Akom Construction And Engineering Synergy Ltd     Maryam Nurudeen     Post-utme     Belgore     Abdulwasiu Bolaji Adeyi     Aisha Ahman-Pategi     Durbar Festival     Bello Bature     Ajeigbe     Kolawole Bashirat     Samari     Adeleke Ogungbe     Olaitan Adefila     IYA YUSUF     Tayo Alao     KWATMA     Valsolar-Kwara Company Limited     SWAN     Yinka Aluko     Haliru Yahaya     Yusuf Babatunde Abdulwahab     Kwara 2015     Taofik Abdulkareem     Saka Adeyemo     Kwara 2019     Olayinka Olaogun     AbdulHamid Adi     Sola Saraki Educational Foundation     KWSIEC     Agor Market     IPSAS     Khadijat Ayoola Yusuf     Joseph Yemi Ajayi     Ademola Kiyesola     JAMB     Modibbo Kawu     Sa\'ad Alanamu     Apata Ajele Secondary School     Hameed Oladipupo Ali     John Mayokun Dada     Abdulkadir Bolakale Sakariyah     Idowu Laro     Bola Sagaya     Funke Adedoyin     YAKOOYO     Katibi Ibraheem Adeola     Kawu Baraje     SAPZ Project     Gobirawa     Olaoye B. Felix     Wahab Femi Agbaje     Sun Qing Rong     Ilorin General Hospital     Kwara State Geographic Information Service     Omu Aran    

Cloud Tag: What's trending

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

Yusuf Amuda Abubakar     Shettima     Abatemi Usman     Joseph Yemi Ajayi     Sa\'adu Salau     Ileloke     National Union Of Road Transport Workers     Isin     Mope Dasuki Belgore     KWAFFA     Olofa Of Offa     Lukman Oyebanji Fagbemi     Muhammed Taofeeq Abdulrazaq     Innocent Okoye     Umar Sanda Yusuf     Jide Oyinloye     Abdulhakeem Amao     Amina El-Imam     AbdulFatai Adeniyi Dan-Kazeem     Yusuf Badmus     Idi-Ape     Ilorin Emirate Staff Association     Aso-ofi     Flights To Ilorin     Savannah Centre For Diplomacy, Democracy And Development     Rihanat Ajia     Kamoru Kadiri     Emmanuel Olatunji Adesoye     Tafidan Kaiama     Bola Shagaya     Muhammadu Buhari     Funmi Salau     Adewuyi Funmilayo     Agor     Kehinde Baale     Ahmed Alhasssan     Habeeb Abdullahi Al-Ilory     Adebayo Salami     ER-KANG     Ekiti     Student Learning Support Helpline     Summit University     Aisha Abodunrin Ibrahim     Abdulganiyu Oladosu     Kwara State Sports Commission     Neo Mundo Ltd     Rueben Parejo     Mohammed Halidu     Yekeen Alabi     Muhammed Danjuma     Mukhtar Shagaya     Madawaki     Lai Mohammed     Photo News     Ibrahim Abdulqadir Abikan     Ramat Oganija     Olushola Saraki     Ado Ibrahim     Okin Biscuits     Tricycle Owners Association Of Nigeria     Mohammed Katsina Ahmed     Bello Oyedepo     Overland     Gbemisola Oguntimehin     Abdulmumini Sanni Jawondo     Maimunat Oniyangi     Babatunde Ishola Babaita     Salman Suleiman     Oyeyemi Olasumbo Florence     Modibo Kawu     Christopher Ayeni     Baba Adini Of Kwara State     Christian Association Of Nigeria     Waziri Yakubu Gobir     Young Progressives Party     Damilola Yusuf Adelodun     Elerin Of Adanla