NPFL: BUA Dismisses Kano Pillars Acquisition Claims

BUA Group has firmly denied reports circulating online that its Chairman, Abdul Samad Rabiu, submitted a bid to acquire a 70% stake in the Nigerian Premier Football League (NPFL) side Kano Pillars. The company described the claims as false and inaccurate.

In a statement released on Monday, BUA Group confirmed that neither the organization nor its chairman had made any proposal to acquire shares in the Kano-based club. The statement urged the public and media to disregard the reports and rely solely on information disseminated through official communication channels.

The clarification follows widespread speculation that Mr. Rabiu, one of Africa's wealthiest businessmen, had offered approximately $1.1 million for a controlling stake in the four-time Nigerian champions. Reports suggested the deal would allow the Kano State Government to retain a minority stake while BUA Group would gain operational control.

Founded by Mr. Rabiu in 1988, BUA Group is a major African conglomerate with interests in manufacturing, mining, food, and infrastructure, including cement production and real estate. Neither the Kano State Government nor Kano Pillars had officially commented on the reported acquisition before BUA issued its denial. The speculation had generated considerable excitement among supporters and football stakeholders amid calls for increased private-sector investment in Nigerian football.

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Our attention has been drawn to an online publication suggesting that BUA Group and its Chairman, Abdul Samad Rabiu, have submitted a bid to acquire a 70 per cent stake in Kano Pillars Football Club.