Owners of the Lobito Crescent premises where the League Management Company (LMC) had occupied in the last two years would have been smiling to the banks and thanking their stars for a client that does not know what to do with their money.
However, it doesn’t come free. Unconfirmed sources claimed that the Nduka Irabor management that rented the place in the first place extended the private interest of a “relation”, a lady.
Investigations conducted showed that the LMC fucked out on a daily basis, weekends and holidays inclusive, the sum of N120,000.00
For the two years they occupied the premises, the LMC paid out whooping N87.6million. In view of the skewing of their finances below the zero line, it was obvious they were going bankrupt.
They were reportedly ejected. So, they moved their things into the cars of the staffers.
Meanwhile, staffers had been told that as soon as they get a new premise they will be called to resume work.
However, an Organisation that can pay so much for the office cannot pay the workers whereas the Chief Operating Officer, Salisu Abubakar, earns N1million a month while the Private Assistant to the former chairman Harry Iwuala earns N500,000.00. These are two persons who have employment contract with the Organisation.
We can reveal with authority however that this same Organisation deducts monies in the name of taxes from the casual workers in the company but the monies are not remitted to government.
The management of LMC in a recent letter to the Federal Inland Revenue Service (FIRS) lied on the subject. That letter admitted that the LMC is involved in casualisation, a work status that the nation’s labour institutions, the Trade Union Congress (TUC) and Nigeria Labour Congress (NLC), abhors.