Gov. Alia Should Act Before Iorfa Will Finish What Is Left Of Lobi Stars’ Assets

 

By James Shamage

In professional football, clubs own tangible and intangible assets. Tangible assets are physical properties such as landed property, vehicles and the like while intangible assets refers to the value placed on players of the club in terms of their worth in transfer market and on-the field performance.

It’s an obvious fact that the embattled and self acclaimed indispensable VC/CEO of Lobi Stars, Dominic Iorfa, has not had any access to or audience with Governor Hyacinth Alia since his inauguration, neither has he received any funding from the government after his concerted effort. In fact, his over bloated ego has been badly bruised by the Governor’s body language of rejection.

It will be recalled that Iorfa who is like the proverbial foolish fly that followed the corpse to the grave, had flagrantly disobeyed the state government’s dissolution of boards of parastatals and agencies and directive that all Chief Executives should handover to the most senior officers in the respective government establishments.

Iorfa went ahead to attend two tournaments, NPFL Super 6 and Naija Super 8 without approval or funding from the government. The unpopular Iorfa has gone further to collect the N12m Naija Super 8 appearance fee which he has already shared to people who he erroneously think may help him secure the job which is now like his oxygen.

Unfortunately, all his efforts to have audience with the Governor who has zero-tolerance for corruption have proved abortive. So, since it has dawned on him that His Excellency has no business with him and is not ready to reappoint him, he is now destroying the club’s intangible assets by advising all the good players like Joseph Atule Jnr and others to leave the club in order to create takeoff problems for his successor as the time for recruitment of players is fast running out.

As if that is not enough, Iorfa has borrowed huge sums of money from various lenders and has tendered the club’s post dated cheques to create unbearable debt burden for his successor even as he has received millions of Naira from the sale of club properties ( 32 and 14 seater buses) and the astro turf he removed in Aper Aku Stadium without approval or due process.

From available information, Iorfa has been telling his creditors that he had spent the appearance fees of N3 million Naira per match for accommodation and players welfare during the Super 8 tournament, which is not true. All the bills covering accommodation and feeding of players were paid by the organizers. As such, the appearance fees was a take home for all the clubs.

In view of these incontrovertible facts, I most humbly call on the Governor of Benue State, Rev Fr. Hyacinth Alia, to without delay, pass an executive message to Iorfa in a language he will understand and stop parading himself as the vice-chairman and CEO of Lobi Stars.

Such decisive action will no doubt halt further plundering of the club by the avaricious former Nigerian international.

 

 

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