THE Kwara State House of Assembly at the weekend expressed displeasure over the operations of the state-owned Harmony Holdings Limited since its inception.

The Speaker, Dr. Ali Ahmad, said in Ilorin during 2016 Ministerial Budget Defence of Harmony Holdings before the House Committee on Finance and Appropriation that the operations and activities of the outfit were not transparent, which, according to him, was not ideal under a democratic administration.

He said the outfit was incorporated by the state government as a company to ensure efficient running of all the state-owned ventures towards improving the Internally Generated Revenue (IGR) of the state government, disclosing that from this year, the legislature would no longer appropriate any public fund to the holdings company.

Ahmad said the state government had invested greatly in Harmony Holdings, regretting, however that it was not generating expected IGR to justify the investment in the company.

He, therefore, directed the Group Managing Director of Harmony Holdings, Mr. Tope Daramola, to produce credible information on the release of funds to it from 2013 to date, to assist the legislators in their inquiry.

Responding, Daramola who enumerated the challenges confronting the holdings said the outfit had not taken full control of the state-owned International Aviation College and Advanced Diagnostic Centre, thereby hampering its revenue generation to the coffers of the state government.