Staff of Kwara’s Harmony Holdings Limited Protest mismanagement by Group Managing Director

Written by on October 12, 2022

The Kwara House of Assembly today passed One Hundred and Eighty-Seven Point Two billion naira Revised Suplementary budget Estimate  forwarded by Governor Abdulrahman Abdulrazaq

The Revised Budget Estimate was passed after considering the Report of  House Committee on Finance and Appropriation on “Revised Suplementary Appropriation Twenty Twenty-Two Bill” at Committee of Supply laid by its Chairman, Ibrahim Ambali representing Owode-Onire Constituency

Mr. Ambali noted that the approved Revised Budget Estimate is against the sum of One Hundred and Eighty-Seven Point Five initially proposed, indicating decrease of Three Hundred and Eight Point Three billion naira.

He said Capital Expenditure is now Eighty-Six Point Nine against Eighty-Nine Point Three billion naira originally proposed while proposed Recurrent Expenditure stands at Eighty-Three Point Seven billion naira against the sum of Eighty-One Point Six billion naira as total debt servicing is Sixteen Point Five billion naira got retained as proposed.

According to our correspondent-Olarotimi OSHIN,  the Twenty Twenty-Two Revised Supplementary budget Estimate was read third time by the Clerk of the House, prior to its eventual passage as Speaker, Engineer Yakubu Salihu directed Clerk of the House to produce a clean copy of the Revised Budget Estimate for the governor’s assent.

Harmony Investment and Property Development Company (HIPDC), and its sub unit, Harmony Ventures, and Supplies Limited (HVSL), today staged a peaceful protest, calling on Kwara State Governor Abdulrahman Abdulrasaq to remove them from Harmony Holdings Limited over allegations of mismanagement by the GMD, Abdulmajeed Abdullahi.

The staffs in their numbers who took over the office located at Fate Road Ilorin explained that they have been allegedly denied financial packages to serve as take home in case of retirement, yearly basic salary, bailout during Covic,19 from the Government among others.

Speaking in an interview, the protesters alleged that their retirement benefits among others have not been remitted in the last four years and lamented that Harmony Holdings is not business oriented and that it lacks focus; pleading with the state government to take them to the relevant ministry for effectiveness.

The GMD of Harmony Holdings, Abdulahi Abdulmajeed in his reaction said his office will react to all the allegations at the appropriate time.

It is recalled that staff of Kwara Hotel also protested recently.





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