–As team submits bank guarantee
The Chairman of the League Management Committee, Nduka Irabor, has commended Kano Pillars for complying with the quarterly bank guarantee requirement demanded from all Premier League clubs, and urged other Clubs to ensure they meet the deadline.
Kano Pillars became the first team to comply, when they submitted the guarantee issued by a Kano based bank earlier in the week.
“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.
“Clubs that fail to meet the requirement will have six points and six goals deducted from their already accrued points.
“The LMC has also instituted measures to monitor compliance with payment of the minimum wage as at when due to players.
“Players’ contracts have been formatted or ensure that they are no longer playing without valid contracts as all the clubs were required to deposit signed copies of each player’s contract at the point of registration.
“We will go further to demand that payments are made to the players bank account. Cash transactions are to be abolished. Clubs have been directed to open salary accounts for each player.
“This way, we will ensure that no club owes or under pays their staff, Irabor explained.
The total sum of the performance guarantee is N100m but the LMC reduced it to quarterly renewable provision of N25m for ease of operations and administration for the clubs.