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.

Ayedun     Muftau Akanbi Oke     Abdulmumini AbdulRazaq     Toyin Sanusi     Sarakite     Samari     Mustapha Olanipekun     Bayo Lawal     Ileloke     Sherif Shagaya     Salau Kabiru Abdullahi     Olubukola Kifayat Adedeji     Suleiman Ajadi     Ayodele Olaosebikan     MAI Akande     Elerinjare     Orire     Sheikh Ridhwanullah El-ilory     Yemi Sanni     Paul Olawoore     Kwara State Polytechnic     Peter Obi     Mopelola Abdulmaliq-Bashir     Obayomi Azeez     Bolakale Ayo     Oluwarotimi Boluwatife Adenike     KWAFFA     Sadiq Umar     Isiaka Alikinla     Folaranmi Aro     International Aviation College     College Of Health     Toyin Saraki     Radio Kwara     Tanke Flyover Bridge     Osinbajo     Ahmad Ali     Muhammad Fawaz Abubakar     Muhammad Toyin Sanusi     Olateju Lukman     Majlis For Sadaqah, Zakat And Waqf     Dar-Al-Handasah Consultants     Mazars Consulting     Federal Polytechnic Offa     Alimi Abdulrazaq     Arinola Lawal     Senate President     Abdullahi Samari     Binta Abubakar-Mora     Principal Private Secretary     Saka Keji     Aliyu U. Tilde     Yusuf AbdulRasheed     Hassan Oyeleke     M.Y. Abdulrahaman     Kayode Zubair     Adam Abdullahi Al-Ilory     Lateef Alagbonsi     Saka Asiat Ayinke     IFK     Afolabi-Oshatimehin     Bamidele Aluko     Sabitiyu Grillo     Ahmed Bayero     Adamu Jemilat-Baki     Oyin-Zubair     Monkey Pox     Adesina Simon Sodiya     Bashir Omolaja Bolarinwa     Onilorin     Mohammed Alabi Lawal     Sola Saraki University     AbdulHamid Adi     Ariyo     Sayomi     Alfa Yahaya Road     Amosa    

Cloud Tag: What's trending

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

KWATMA     Yahaya Oloriegbe     Taibat Ayinke Ahmed     Oladimeji Thompson     Edret Sabi Abel     Ilorin Talaka Parapo     Nigerian Army     Aliyu U. Tilde     Jimoh Bashir     Kale Belgore     QuickWin     Ilesha Gwanara Road     Akande Idowu Ayoola Muhammed     Bureau Of Lands     Majlis For Sadaqah, Zakat And Waqf     Dumagi     Alapado     Oluwole Dupe     Nigeria Foundation For Artificial Intelligence     Kwara Poly     Academic Staff Union Of Universities     Gabriel Fashanu     Oko     Ubandawaki     HICA     Moses Adekanye     Ahmad Uthman     Jare Olatundun     Abdullahi Saadudeen Alikinla     Kamaldeen Kehinde     Aisha Buhari     Ojo Isekuse     Aisha Abodunrin Ibrahim     Lafiagi     Akorede     Abiodun Oyedepo     Bluenile Associates     Ibrahim Orire     Abdulbaqi Jimoh     Ajase-Ipo     Onilu     Idris Garuba     Laolu Saraki     Biliaminu Aliu     Omar Gambari     All Confederation Of Principals Of Secondary Schools     Toyin Abdullahi     Muslimah Entrepreneurship Forum     Jimoh Saadudeen Muhammed     Police Commissioner     Mohammed Danjuma     Isiaka Rafiu Mope     Elerin Of Erin-Ile     Shade Omoniyi     Olokoba Sulyman     Lanre Olosunde     John Olajide Adedipe     Yusuf Abdulkadir     Aliyu Kora Sabi     Hakeem Lawal     Quareeb     Oniyangi Kunle Sulaiman     FERMA     Prince Sunday Fagbemi     University Road     Kwarareports     Local Government     Park     Edu     Ishola Moses Abiodun     Pius Abioje     Wasiu Onidugbe     HYPPADEC     Tanke Road     Afeyin-Olukuta     Salmon Babatunde Salmon     Ajasse-Ipo