Ilorin – The Chairman, Board of Directors, Harmony Holdings Limited, Prof. Halidu Abubakar, dispelled rumours that the Kwara Government planned to transfer the control of some of its institutions and agencies to the company.
Prof. Abubakar, who is also the Emir of Ilesa Baruba, dispelled the rumour on Wednesday at a news conference in Ilorin.
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He said there was no future plan to transfer the organisations to the company, adding that the activities of the institutions were solely the responsibility of government.
Prof. Abubakar explained that the company played dual roles of economic, financial institution and holding government’s companies for business.
He said it specialised in running government investments.
According to him, the incorporated company, with 18 subsidiaries and associates, is solely owned by the government.
He said the aim was to revive moribund and non performing government investments.
He said there was no relationship between the Kwara State Revenue Service and the Harmony Holdings.
He said the service was being remodeled by the state government and it was not under the company.
Prof. Abubakar also said that the company generated N75 million as dividends last year to the coffers of the government.(NAN)