The newly appointed General Managing Director of Harmony Holdings Limited, Abdulmajeed Abdullahi has lauded the 9th Assembly for its due diligence and thorough scrutiny on the 2020 proposed appropriation budget, describing is as ‘unprecedented positive development’
Speaking at the ongoing Kwara state House of Assembly 2020 proposed budget defense, Abdullahi noted that the company was incorporated as a vehicle for management of the State’s assets valued at over #4billion, but lying value.
He disclosed that the company was a good idea but was marred by undue political interference which jeoperdized the prime objective for which it was established.
He added that a sum of #2.5billion liquidity to asset was required to keep those moribund assets to use for economic benefit of the state, but the then government released just about #440million, which was mismanaged by previous managers of the corporation, rather than the primary purpose of investment.
“Most of those who managed the corporation were highly politically exposed and undue interference set in.
You can’t imagine just two people who are friends of yesterday’s government shared Kwara state Lands in Galadimawa, without account of the proceeds”.
“Today is my happiest moment, as I am seeing real legislature that is widening our horizons on the path of sustainable development and greater future of Kwara state”, he said.
He therefore solicits for the 9th Assembly’s support to set Harmony Holding Limited back on track and make it work for Kwarans, as it should ideally.
Reacting, the Speaker, Kwara state House of Assembly, Rt. Hon. Salihu Yakubu Danladi appreciated several laudable initiatives the GMD shared with the Honourable House, while imploring him to walk his talk and ensure the economic impact of Harmony Holdings Limited is felt by Kwarans.