Kano Pillars comply with financial regulations

Kano Pillars is the first club in the League to comply with the Nigeria Professional Football League 2013/14 registration requirement of providing a financial performance guarantee.

The Club in a letter to the League Management Company (LMC) attached a Performance Guarantee for N25 million (N25, 000, 000) from a Fidelity Bank Plc, Kano Branch with reference number FB/007/OBG/0314/1034 and dated March 17, 2014.

"We demanded the performance guarantee from clubs as evidence of their capacity to meet financial obligations to playing staff, other employees and vendors. It will eliminate the scourge of accumulated indebtedness especially to players by clubs,” LMC Chairman, Nduka Irabor had explained at the introduction of the registration requirements.

Clubs were prior to the start of the season mandated to provide on or before Match Day 9'of the season their performance guarantee of N25m which is renewable every quarter. The LMC Chairman commended Kano Pillars for complying with the requirement and urged other Clubs to ensure they met the deadline.

"We are delighted by the development, Kano Pillars have demonstrated a capacity to operate as a professional football club in more ways and it is our expectation that other clubs will do same and avoid the consequences of late or non-compliance,” remarked Irabor.



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