Former Chairman of Nigeria Premier League, NPL, Chief Oyuki Jackson Obaseki, has kicked against the decision of the newly inaugurated Interim Management Committee of the NPL for clubs to pay N50million bond before they could play in the 2012/2013 season.

After its inauguration by the President of Nigeria Football Federation, NFF, Aminu Maigari in Abuja on Thursday, chairman of the interim committee, Hon. Nduka Irabor, hinted that all the 20 clubs in the premier league would be mandated to pay the sum of N50m to the NPL as bond before they could feature in the new season, which will kick off after the Africa Cup of Nations on 16 February.

Reacting to the planned bond, Obaseki said the N50m payment will not be realistic as no club in the premier league is buoyant enough to pay the money.

"I don't think any of the clubs in the premier league has N1 million in its account not to talk of paying N50 million as a bond to the NPL.

"I think the new season will not kick off as planned with this latest action from the interim committee, he said

Other members of the management committee are former captain of the Super Eagles, Nwankwo Kanu, acting NPL Executive Secretary, Tunji Babalola, Mike Enahoro, Shehu Dikko, Modele Sarafa-Yusuf; Abubakar Nuhu Dan Buran, Kunle Elebute, Mike Idoko, former Executive Secretary of the NPL,Malam Salisu Abubakar; chairman of Kaduna United FC Sabo Babayaro, chairman of Lagos State Football Association Seyi Akinwunmi and Ifeanyi Dike.

The committee has been handed the mandate of organising the 2012/2013 season, reviewing all NPL contracts, dealing with TV and sponsorship rights, developing strategy, reforming the League to achieve profitability and reviewing procedures for elections to the NPL board. It will also develop new standards for players' contracts.