By Steve Oni, Ilorin

 The Kwara State House of Assembly has ordered the immediate dissolution of the board and management of Harmony Holdings Limited over an alleged misappropriation.

 Harmony Holdings is a multi- billion company supervising all revenue- generating parastatals and agencies of the state government.

 The order for the dissolution of both the board and management of the eyebrow company followed a six- month painstaking investigation by the legislature.

 The order was part of the House resolutions after adopting the report of its Ad hoc Committee which investigated the allegations of misappropriation of government assets under the care of the Holding company.

 The committee, in its report, indicted the management and board of the company for alleged misappropriation of the state assets in the Federal Capital Territory,Abuja, Lagos, and Kaduna states.

 The committee was chaired by Mr Hassan Oyeleke,the House majority leader .

 Consequently, the House in its resolution, read by the Speaker, Dr Ali Ahmad, called for the appointment of a new board and management for the company.

 It urged the state governor, Alhaji Abdulfatah Ahmed to consider the appointment of highly experienced and business-oriented persons to the management and board of the company.

 The House also urged the state governor to immediately appoint an administrator for the company in line with the provisions of Company and Allied Matters Act to take charge of property and account of the firm pending a new management and board.

 The House ordered Mr Sanni Adebayo, an Executive Director of Harmony Holdings to refund N20 million being the market value of a government land on Catchment road, GRA, Ilorin, allegedly acquired by him.  

 Also, the director was ordered to pay another sum of N500, 000 as rent due within 90 days.

 The House further directed the State Ministry of Justice to determine all monies paid into the personal account of Adebayo, which it directed should be refunded to the state government’s coffers within 90 days.

 Also, it directed the current tenant of the Tourist Kitchen in Ilorin to vacate the property within 21 working days, while the state Ministry of Justice should fine tune all legal technicalities and lease the property to a new client.

 It charged the ad hoc committee to also investigate ownership status of Patigi Regatta Hotel, Stadium Shopping Complex, Ilorin and Gateway Plaza, Abuja and report back to the House in eight weeks time.

 The House had inaugurated an ad hoc committee about six months ago to investigate the alleged misappropriation of state government assets by some officials of the company.