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.

Gwanara     Saad Omo Iya     Tunde Mukaila Mustapha     School Of Nursing     Agboola Abdulraheem     Mahe Abdulkadir     Ilesha Gwanara Road     KWSIEC     Savannah Centre For Diplomacy, Democracy And Development     Bello Bature     Yusuf Abdulraheem     Cassava Growers\' Association     Assayomo     Senate     Ali Ahmad     Millennium Development Goals     Just Law Forum     Teachers Specific Allowance     Abioye Bello     Edu     Kamoru Kadiri     Bisi Oyeleke     Saka Saadu     Sebastine Obasi     Allocation     Kwara Politics     Florence Saraki     Kwara Metro Park     Binta Abubakar Mora     Coronavirus     Oko     Yakubu Mohammed Abdullahi     Sunday Fagbemi     Lanre Jimoh     Olokoba Sulyman     Ahman Patigi     Economic And Financial Crimes Commission     IDPU     Ahmad Fatima Bisola     Yetunde Balogun     Folaranmi Aro     SARS     Ilorin West/Asa Federal Constituency     Senior Staff Union Of Colleges Of Education     Iyabo Adewuyi     Babs Iwarere     Salami Adekunle     Presidential Election     Mashood Abdulrafiu Agboola     08001000100     Patigi Regatta     Awoye     Chikanda     Ogidi-Oloje     Wakilin Mata Lafiagi     Ado Ibrahim     Abubakar Abdulraheem     Peculiar Allowance     Ahmed Saidu Rufai     Ajidagba     Olaiya Zuberu     LABTOP     Garba Ayodele Wahab     Adewuyi Funmilayo     Arinola Fatimoh Lawal     Sun Qing Rong     Idris Garba     Joseph Yemi Ajayi     Kwara State Council Of Chiefs     IsDB     Laboratory-to-Product     Ileloke     Okoolowo     NFAI     Usman Yunusa     Abdulhakeem Adelaja Amao     Omu Aran    

Cloud Tag: What's trending

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

Kuliyan Geri     Kayode Ishola     AbdulRaheem Ahmad Shayi     AbdulFatai Adeniyi Dan-Kazeem     Seed Technologies     Bamidele Adegoke Oladimeji     Abdulrauf Aliyu     Sa\'adu Salau     Ahmad Olanrewaju Belgore     Olayinka Oladapo Jogunola     Hassan A. Saliu     Just Law Forum     Fola Consultant     Olohungbebe     Prince Mahe Abdulkadir     Oladimeji Thompson     NYSC     Mubarak Oladosu     Salmon Babatunde Salmon     Mahmud Babatunde Baker     Wahab Egbewole     Asa LGEA School     Chikanda     Yemi Sanni     Offa Metropolitan Club     Wahab Femi Agbaje     Iyabo Dupe Adekeye     Oba Abu     Gbugbu     Chartered Institute Of Personnel Management Of Nigeria     Anilelerin     Maigida     Olaosebikan     Opaleke Bukola Iyabo     George Innih     Abdulkareem Alabi     Bukola Saraki     Olushola Saraki     Ahmed Dankaya     Ahmed \'Lateef     Turaki     Ibrahim Taiwo Road     Air Peace     Mahmud Ajeigbe     Mumini Ishola Hanafi     Ishola Balogun Fulani     Ojuekun Sarumi     Yahaya Seriki Gambari     Muhammadu Buhari     Abdullahi Samari     AbdulGaniyu Kareem     Facebook     Olukotun Of Ikotun     Susan Modupe Oluwole     Kwara South     Okin Malt     Yusuf Abdulwahab     Yahaya Muhammad     Mohammed Tunde-Jimoh     Daud Adeshola     Akom Construction And Engineering Synergy Ltd     Asa     Kwara Primary Health Care Development Agency     Elekoyangan     Radio SBS     Logun     Abdulraheem Yusuf     Dumagi     RTEAN     Hamza Usman     Ilofa     Muhammad Fawaz Abubakar     Bamidele Aluko     Yusuf Amuda Aluko     Moremi High School     Abiodun Oyedepo     Bello Oyedepo