It has been revealed how Super Eagles striker, Obafemi Martins, extranvagantly squandered about N3.1 trillions while a player of Newcastle.MartinsadvertisementHis former management company, NVA Management Limited who has dragged the player to court over breach of contarct, told the jury how the player’s account almost went red because of his lifestyle.Obafemi Martins was paid £75,000, but allegedly squandered the earnings on an extravagant lifestyleA former Premiership footballer routinely blew his £75,000 a week wages in a matter of days and was constantly overdrawn, a court was told yesterday.Obafemi, ex-Newcastle striker 25, was paid the handsome salary after he joined the club for a £10million fee in August 2006.But despite his extraordinary earnings, his former management team yesterday claimed they repeatedly bailed him out after his bank account continually slipped into the red.The High Court heard that the Nigerian international player would withdraw £40,000 in cash from his bank account at the end of the week.But that would only last him two days, the court heard, as he topped up with a further £25,000 on the Monday morning.He was always overdrawn and repeatedly relied upon NVA Management Limited to ‘manage his life’, the High Court was told.Martins, who owned several fast cars including a top of the range Porsche 4X4, spent the money funding an extravagant lifestyle of luxurious penthouse homes and fine dining.He is now being sued by his former management company which claims that he still owes them 300,000 for sorting out his finances.He told the court that Martins would withdraw £40,000 for the weekend, followed by another £25,000 on the Monday.‘Despite earning these vast sums of money he was constantly overdrawn,’ added Mr Tennink.He said the firm, which looks after the affairs of several footballers, film and music stars, said that Martins had agreed to pay them for simply managing his life.It was under their stewardship that Martins agreed a £2million image rights deal ‘simply for being Mr Martins’.It’s claimed Martins was constantly overdrawn despite earning £75,000-a-weekHe also had lucrative sponsorship deals with various companies including Pepsi and Nike but had not been paid.When the company stepped in to run his affairs they sorted the unpaid contracts, bringing in thousands of pounds.They also organised visas when he travelled to Italy, where he once played for Inter Milan, and sorted out his passport, his mortgage and property valuations.They even arranged critical illness cover and were constantly running up and down the motorway from their London offices to Newcastle in a bid to do all that he required.‘But surely these were things a secretary could do?’ asked Judge Richard Seymour QC, referring to the size of fees charged.‘It was a Jeeves-type of role that they performed.’Mr Tennink protested that managing every aspect of his life was just part of what they did, and asked the judge to bear in mind the sort of figures these players earned.He said Martins had come to them in July 2007 and had agreed a fee of around £300,000 plus 20 per cent of any sponsorship monies they managed to acquire on his behalf.“He asked for these services to be carried out,” Mr Tennink told the court.Before they managed his affairs, Martins had not been paid a penny for his image rights for the use of his name on Newcastle shirts and mugs and had received nothing from his sponsorship deals.He could not even find the contracts he had originally signed, Mr Tennink added.Martins paid the company £67,500 in January last year and another £25,000 in April last year.But the question for the court to decide, said Mr Tennink, was whether there was a ‘binding obligation’ for him to pay the outstanding bill of over £300,000.After Newcastle were relegated from the Premiership last summer Martins was sold for £9million to German Bundesliga Champions Wolfsburg.Martins, who once owned a penthouse apartment overlooking Newcastle’s exclusive Quayside, is fighting the claim.The hearing is scheduled to last for three days.Read more…
Posted by 9jabook.com on August 11, 2009 at 8:30pm
Sultan ofSokoto & US Secretary of State
ABUJA—Barring a last minute change of mind, several interest groups scheduled to hold talks with visiting United States Secretary of State, Mrs. Hillary Clinton would not honour the American Embassy invitation based on what is seen in diplomatic circles as a breach of protocol.
It was learnt, yesterday that the American Embassy in Abuja, had largely kept the Federal Government in the dark on preparations for the Secretary of State’s visit.
Mrs. Clinton was scheduled to hold talks with top government officials, led by President Umaru Yar’Adua at the Aso Villa, today, after which she would meet with several stakeholders in 9geria, including senators, members of the House of Representatives, traditional rulers, members of the National Inter-religious Council.
However, a top government functionary expressed dismay at the strategy employed by the American Embassy, which was said to have taken it upon itself to make arrangements without adequate consultations with the 9gerian government.
For instance, it was learnt that the Embassy had sent letters to the Senate President, Sen. David Mark, his counterpart at the House of Representatives, Hon Dimeji Bankole, requesting a list of their colleagues to hold talks with Mrs. Clinton.
A similar letter was said to have been sent to the Sultan of Sokoto, requesting a list of traditional rulers to be invited to meet the visiting Secretary of State. The source said each of them turned down the request.
Top officials of government, it was learnt, were alarmed that with a nation battling religious extremists, the Embassy could ask for nominations of people to meet with the US Secretary of State without considering the security implications.
“We don’t pray that anything bad happens but can you imagine the implications of negatively minded persons being invited to such a meeting if they choose to take advantage of such a meeting. It would be a monumental tragedy for 9geria as a nation,” the source said.
The source said that even the Federal Ministry of Foreign Affairs had no clear picture of the itinerary of Mrs. Clinton until yesterday, wondering “if the ministry which primary responsibility was to make the woman’s visit memorable was kept in the dark until the last minute before arrival, how could it brief the presidency?
“We are uncomfortable with the way officials of the embassy have been secretive about this visit. It does not show adequate regard for our government and we are certainly not pleased with such an arrangement. This is a sovereign nation and should be taken as such,” the official insisted.
The official noted that the way the embassy had gone with the preparations for the visit showed a strong disrespect for the Federal Government, which normal protocol demands should fully host Mrs. Clinton and take charge of her entire security.
It was learnt that there were no security meetings between operatives in the embassy and the 9gerian Police High Command in collaboration with other security outfits on the visit. The Americans were said to have been making independent arrangements, a development considered as a respect for the Federal Government.
Mrs. Clinton had, at the weekend, criticised 9gerian leaders for the continuous importation of refined petroleum products while occupying the position of world’s number six crude oil producer. She said it was a sign of bad leadership in the country.
“9geria is the 6th largest producer of crude oil but the country still imports fuel,” Clinton said at the weekend during her seven-nation tour of Africa, adding that this was a sign that the nation has poor leadership,” she was quoted as saying.
On the other hand, she praised the Southern African nation of Botswana which she described as a good example for Africa because her leaders judiciously utilized that country’s resources.
The US Secretary of State had warned, “Investors will not be attracted to states with failed or weak leadership, crime and civil unrest or corruption that taint every transaction and decision.”
Clinton shuns red carpet, state banquet
Facts emerged also yesterday night that Hillary Clinton who arrived the city of Abuja at 8:30 pm yesterday did not step a foot on the red carpet prepared for her by the 9gerian Government, let alone honouring an invitation to a banquet at the State House.
Her security detail, Vanguard gathered, would also ensure that vehicular and human traffic is temporarily cut off around the Shehu Yar’Adua Centre, where she is expected to parley with President Yar’Adua and the Civil Society.
The Centre, it was also gathered would be stripped of any ceremony that may “endanger the security” of Clinton and her team.
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