Harmony Holdings boss to reposition firm

The newly appointed Group Managing Director of the Harmony Holdings Limited, Abdullahi AbdulMajeed on Monday said he will reposition the firm to benefit and be accountable to the people of Kwara State.

He said this during a visit to the Office of the Chief Press Secretary (CPS) to the Governor, Mallam Abdulrafiu Ajakaye.

“The task in Harmony Holdings is quite herculean but we believe that we can transform that organisation to become an institution of pride to the people and government of Kwara State,” he said.

AbdulMajeed lamented that the firm had been riddled with impunity and underhand dealings not consistent with the mandate of its establishment in 2013.

“We are opening up that organisation to more public scrutiny and transparency,” he noted.

He said the firm under him has raised a turnaround management team to midwife full repositioning of the company.

“Leakages that have been identified across the holdings groups. Our cost ratio to revenue in all of those organisations (SBUs) is quite unsustainable. In some areas we have cost to revenue of 70% to 100%.”

AbdulMajeed who also addressed the issue of nonpayment of workers’ salary in the agency since the dissolution of the board said that is being resolved.

In his response, Ajakaye said, “We recognise the fact that your success is our success because this is all about the interest of the people of Kwara State which His Excellency has been working to protect, especially with regards to ensuring that public assets truly work for the interest of the Kwara public.”