The Nigerian consortium, who are said to want to buy Newcastle United, and fronted by Chris Nathaniel of NVA Management, are due to release some statement today about the status of their plans.
However, only yesterday, the CEO of Pamodzi Marketing, Mike Itemuagbor, wonders if the Nigerian consortium is nothing more than a massive scam.
NVA of course is backed by a number of as yet unnamed Nigerian businessmen, and is said to have various links with investors in China and America, with the group even suggesting their takeover of the English Premier League club could be completed this weekend, which seems dubious at best.
Mike Itemuagbor said yesterday:
“Who are these oil barons that they are talking about? Who is the man fronting for them? Is there truth in the stories they are feeding us with? Why are they reluctant to name the so called oil barons?”
Itemuagbor seems skeptical of NVA’s motives and believes the takeover looks like fraud:
“The business of marketing sports is an uphill task in Africa especially in Nigeria where sponsorship is not in our culture,”
“It will be more difficult if they begin to cast credibility posers on our shores. I say this because everything about this bid by Nigerians to buy Newcastle has fraudulent tendencies. They said that they have raised £350M and now looking for £50m to £100m to meet Mike Ashley’s price. We know how fraud happens here.”
“They will now contact people to contribute and be part owners. They will push out flowery things that can deceive many minds and before you know it, they would have made so much money and would still not buy Newcastle because I doubt if they have raised the £350M that they are boasting to have gathered. We know how these people operate.”
“I fear it is a clear case of 419 (Advance Fee Fraud). If it is not, let them name those involved and let us know their antecedents. We have credibility problem here because it will affect our drive in seeking sponsorship for our events. That’s why I’m interested. It is for our national interest that we are asking questions about these Nigerians. I fear that fraud is in the air and people should be warned.”
But with the sale of Newcastle being so out front and well publicized, how could this be fraud, with no chance of getting away with it?
Well stranger things have happened, so we’ll just have to wait to see if any statement is issued today from NVA Management.
But of course a fraudulent bid that has legs, is the very last thing we want at the club, after everything that’s already happened.