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.

Kwara State University Of Education     Yusuf AbdulRasheed     ASKOMP     Aliyu Muhammed     Abatemi-Usman     Simeon Ajibola     Tunji Arosanyin     Amina Susa\'a De Ahmed     Olayinka Oladapo Jogunola     Muhammed Akanbi     Moremi High School     Razaq Atunwa     National Pilot     Shehu Salau     Twitter     Saidu Isa     Oloye     Smart School     Kwara State Polytechnic     Ayinde Oki     Abdulraheem Yusuf     Monthly Sanitation     Okoolowo     Isaac Aderemi Kolawole     Alapansapa     Alfa Yahaya Road     Patience Jonathan     Muideen Olaniyi Alalade     Ijakadi     Jamila Bio Ibrahim     Erubu     Umar Danladi Shero     Okedare     Bamidele Adegoke Oladimeji     Illyasu Abdullahi     Anilelerin     Ijagbo Health Centre     Rafiu Ibrahim     Ibrahim Abdulqadir Abikan     Sheikh Hamzat Yusuf Ariyibi     Omoniyi M. Ayinla     Abdullahi Atanda     Fatima Abolore Jimoh     Ahmed Mohammed Rifun     Tsaragi/Share     Onilorin Of Ilorin     Kwara NIPR     Abdulmumini AbdulRazaq     Kwara State Council Of Chiefs     Abdulrahman Abdulrazaq     Summit University     Arik     Opobiyi     Lithium     Maryam A. Garuba     Laboratory-to-Product     UTME     Noah Yusuf     Zaratu Umar     Idofin     Facemasks     Durbar     KWTV     Sheikh Alimi     Kazeem Adekanye     A.G.F Abdulrasaq     Lawal Olohungbebe     Bilikis Oladimeji     NULGE     Aso-ofi     Samuel Olusegun Adedayo     March 18     Barakat Community Secondary School     SWAN     Ohoro Of Shao     Kupchi Hosea Maxwell     LEAH Charity Foundation    

Cloud Tag: What's trending

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

Okin Biscuits     Magaji Erubu     Shonga Farm Project     Amosa     Mohammed Katsina Ahmed     Dan-Kazeem     QuickWin     Bankole Omishore     Oke-Kura     Senior Ibrahim Suleiman     Suleiman Ajadi     Kolawole Bashirat     Lanre Olosunde     Kwarareports.com     Maimunat Oloriegbe     Sunday Popo-Ola     National Broadcasting Commission     AbdulFatai Adeniyi Dan-Kazeem     Madawaki     Muideen Olaniyi Alalade     COVID-19 Palliatives     Moses Salami     Eleyele     Maigida     Medinat Folorunsho Salman     Abdullahi G. Mohammad     Kannike     Segun Adeniyi     Hydro-electric Power Producing Areas Development Commission     Oko Erin     Shuaib Boni Aliyu     Veterinary Teaching Hospital     Abdulraheem Olesin     College Of Education     Olateju Lukman     Kamoru Kadiri     Vasolar Consortium     Elerin Of Adanla Irese     Tafida Of Kaiama     Yusuf Olaolu Ali     Ilorin Durbar     Edret Sabi Abel     Saka Adeyemo     Siraj Oyewale     Hassan Abdulazeez Elewu     ENetSuD     Kwara State University Of Education     Muhammad Fawaz Abubakar     Edu     Ethical College     NSCIA     Geri-Alimi Split Diamond Interchange     Abiodun Musa Aibinu     Oladimeji Thompson     Rashidi Yekini     Ballah     Oyeyemi Olasumbo Florence     Abdulmumini Sanni Jawondo     General Tunde Idiagbon International Airport Ilorin     Sheikh Hamzat Yusuf Ariyibi     Ajayi Okasanmi     Paul Olawoore     Moshood Kashimawo Abiola     Noah Yusuf     Owu Fall     IDPU     Press Release     Ajeigbe     Saad Omo\'ya     2023 Elections     Kayode Zubair     Sunset Workers     Chief Of Staff     Yetunde Balogun     Afusat Nike Ibrahim     PAACO-PCL Consortium     Muhammed Mahe Abdulkadir