The report reads “However, since 2015 when Kwara Express transitioned to Harmony Transport Services Limited, the company has not been running as a full fledge business of its own. There has been too much undue interference in the company’s business by both the holding company and other political interest, which was described as ‘‘government house’.
“Our investigation showed that, the company is being managed by three layers of management, which include HTSL official management, the holding company (HHL) and unknown political managers from government house, a development that has made it impossible for the company to function properly, execute its plans successfully or run the business profitably,” the report read in part.
“Finally, having discovered all of the above, the Committee recommended a total overhaul of the system, with a view to creating a new start for the company. The new start has these immediate results of low hanging fruit of improving revenue by quickly and innovatively providing mechanism of blocking leakages of both Revenue and Direct cost expenses. The Revenue side of inbound journey requires innovative approach of blockage and increase the number of inbound passengers. There is potential of bringing into HTSL coffer increased revenue of between N50m to N100m by these exercises.”
The CEO, Harmony Holdings thanked members of the committee for the job well done, and assured of the body’s readiness to implement the recommendations.
“Kwara State government under His Excellency, Governor Abdulrahman AbdulRazaq possesses the required expertise and single minded commitment to forthrightly turn around all state owned enterprises to serve Kwarans better while establishing many other viable ones to stimulate the economy. He promises that Kwara Express will not be an exception.
BRIC was inaugurated on Friday, September 11, 2020 by the GMD/CEO at the conference room of Harmony Transport Services Limited (HTSL) as part of the efforts of the Governor, AbdulRahman AbdulRazaq AbdulRazaq administration’s effort to reposition and revamp all state-owned business entities left to rot by the previous administration.