Nearly half way to the Nigeria Professional Football League, the darling football team of Kano state, the Kano Pillars Football club is swimming deeply in debt, this site can authoritatively report.
Our findings revealed that ever since the present management of Babangida Little was appointed, the club has been borrowing money to finance all its activities.
We further gathered that the club first borrowed to sponsor its trip to Abuja for DSTV Super Eight and borrowed again to honor its NNL Super Eight trip to Asaba, the Delta state capital, where they secured the ticket to play in the Nigerian Professional Football League (NPFL).
The team was reported to have borrowed for all its pre-season preparations in Daura and Bauchi and other locations.
After the commencement of the league early this year, things were expected to change as the team was expected to receive its budgetary allocations from the government but the situation remained the same.
Investigation by this site further reveal that the team used to request for the needed funds on a weekly basis for its home and away matches from the government which after approval was granted, they looked elsewhere to borrow and continued with their plans.
This site was reliably informed that the inability of the club to start repaying back the bulk of money they borrowed had forced the creditors to change mind as they are no more money because it has reneged in the repayment plan.
Our findings indicate that the club is indebted heavily to the tune of over N67million even though there is a conflicting figure by the secretary of Kano Pillars Management Board Comrade Sani Ibrahim aka Coach who insisted that the amount is not up that.
“What we borrowed was about N5 million and not over N67 million,” the secretary explained.
But a close friend of one of the major creditors who pleaded for anonymity confirmed that his friend borrowed the club up to N67 million but the club is yet to pay back what it borrowed from him.
In another development, nine months after the appointment of the members of the Kano Pillars FC management board, none of them has started receiving his monthly allowance. even though those SA’s SSA’s, PA’s in other agencies that were appointed recently have since started receiving theirs.
More details later..