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.

Ilorin Like-Minds     Sola Saraki Educational Foundation     School Of Nursing     Saka Saadu     Omoniyi Ayinla     Fatai Garuba Labaka     Busari Toyin Isiaka     Musa Alhassan Buge     Mufutau Gbadamosi Esuwoye     Hassan Abdulazeez Elewu     Suleiman Yahya Alapansapa     Ibrahim Gambari     Christian Association Of Nigeria     IHS Towers     Gbenga Awoyale     Gbemisola Oguntimehin     Titus Ashaolu     Usman Yunusa     AbdulRazaq Jiddah     Veterinary Teaching Hospital     Oladimeji Thompson     Odo-Owa     Ilorin Central Mosque     Muritala Awodun     Ibrahim Abikan     Mahmud Ajeigbe     Farouk Salim     Ayotunde Emmanuel Alao     SWAN     Aiyedun     Ibrahim Abdulqadir Abikan     Baba Isale     Ajase-Ipo     Hakeem Lawal     Yomi Ogunsola     Ambassador Kayode Laro     Tescom.kwarastate.gov.ng     Edret Sabi Abel     Ojuekun Sarumi     Igosun     Code Of Conduct Tribunal     Tunji Ajanaku     Katibi Ibraheem Adeola     Garba Ayodele Wahab     Coalition Of Kwara North Groups     Rapheal Ashaolu     Face Masks     KWASEIC     Tunde Yusuf     NNPP     Moshood Mustapha     Jeunkunu-Malete-Bani     Ajuloopin     Umar Ayinla Saro     Shade Omoniyi     Kawu     Suwa-Arabs     Aisha Buhari     Majlis For Sadakah, Zakat And Waqf     Kwara State Television (KWTV)     CT Ayeni     Bayo Lawal     Student Learning Support Helpline     Abdulrahman Abdulrasak     Omu-aran     Yusuf Amuda Gobir     Tsaragi-Share     Ghali Muhammed     Opobiyi     Emir Of Kano     Emmanuel Olatunji Adesoye     Segun Adeniyi     Abdulhakeem Amao     Coronavirus     Valsolar     Vasolar-Kwara Company Ltd     Olota Of Odo-Owa    

Cloud Tag: What's trending

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

Kunle Akogun     Gbajabiamila     Henry Makinwa     Elerin Of Adanla     Abdulkadir Akanbi-Oke     Teachers Specific Allowance     Okin Biscuits     Saka Aleshinloye     Radio SBS     Oba Sulaiman Asude     Principal Private Secretary     Shuaibu Yaman     Onilu     Ayinke Saka     Olabode George Towoju     Kwara 2019     Segun Abifarin     Ibrahim Orire     Abioye Bello     Adisa Logun     KWATMA     ANCOPPS     Hassan A. Saliu     Curfew     Bashiru Makama     Moro     Abdulganiyu AbdulAzeez     Abdulkareem Alabi     Mukhtar Shagaya     Adewuyi Funmilayo     Toyin Falola     Yakub Lai Gobir     Kwara State Governor     Afolasade Opeyemi Kemi     Yusuf Abdulkadir     Balogun Gambari     Abubakar Imam     Mubarak Oladosu     Issa Baba     Belgore     Otoge     Mary Arinde     Mahmud Durosinlohun Atiku     Nigeria Computer Society     Mohammed Ibrahim     Opobiyi     Lukman Adeloyin     Yahaya Seriki Gambari     Tsaragi     Abubakar Bature Sulu-Gambari     Buhari     Post-utme     Adeniyi Ojo     Funmilayo Braithwaite     Timothy Olatunde Fadipe     Sulyman Age AbdulKareem     Oniyangi Kunle Sulaiman     Okin Malt     Oyawoye     Offorjama     Bankole Omisore     Micheal Imodu-Ganmo Road     Oladipo Akanmu Tolani     Saadu Alanamu     Olumide Daniel Ibitoye     Isiaq Khadeejah     Bamidele Adegoke Oladimeji     AbdulRazaq AbduMajeed Alaro     Ndama Al-hassan     Government High School (GHS), Adeta     Abdulrosheed Okiki     Alao Ayotunde     Kwabes     Isiaka Yusuf     SGBN     IYA YUSUF     Salmon Babatunde Salmon