News

KWSG dissolves Harmony board, 17 others

 

…freezes accounts

By Matthew Denis

The Kwara State Governor, Alhaji Abdulrahman Abdulrazaq, yesterday,
dissolved the board of directors of all state-owned companies.
He also directed that the operation of their bank accounts be
“suspended until further notice,” according to a statement by the
Permanent Secretary, General Services, Adegboyega Mobolaji Odetokun,
on behalf of the Secretary to the State Government, Mamman Sabba
Jibril.
The affected companies include, Kwara Hotels Limited; Harmony Holding
Limited (HHL); Harmony Securities Limited; HHL Investment and Trust
Limited; HHL Investment and Property Development Company LTD; HHL
Insurance Brokers LTD; Harmony Courier and Logistics LTD; Harmony
Transport Services LTD; Harmony Ventures and Supplies LTD; and Harmony
Facility Management Services LTD.
Others are Harmony Advanced Diagnostic Centre LTD; Kwara Football
Academy; Ilorin Cargo Terminal Company LTD; Patigi Regatta Motel LTD;
Kwara State Cashew Nut Processing Company LTD; Kwara State Tourism
Kitchen Company LTD; Kwara Waste Management LTD; and the International
Aviation College.
“The Managing Director of each company is hereby directed to
immediately hand over to the most senior management staff of the
company,” the statement added.
However, when contacted by our reporter last night, the former Board
chairman of Harmony Holdings Limited, Prof. Kenneth Adeyemi simply
said he was not surprised by the decision. He however declined further
comment when asked about the challenges he encountered during his
tenure and if he will gladly accept if he is returned by the present
administration to the same or similar position later.

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