BBNaija: Parporte and the challenges of Bankruptcy.

BBNaija, News
BBNAIJA sponsor in bankruptcy scandal, battle debt suit

Who would have known that a company recently wasted its minimal resources on sponsoring an entertainment show is currently battling a war for its survival as a company, but that is the case of Payporte Global System Ltd., sponsors of the 2018 Big Brother Naija Show which has asked a Federal High Court sitting in Lagos to dismiss a bankruptcy suit that has been filed against it.

It was gathered that the suit was filed by Vacant Boards Ltd, a company Payporte is indebted to. In a notice of preliminary objection, Payporte contended that the court lacked jurisdiction to entertain the suit. It described the suit as defective, null, void and an abuse of court process. Payporte prayed the court to dismiss the bankrupcy suit with a substantial cost against the petitioner.

Vacant Boards Ltd had in 2015 filed a debt recovery suit against Payporte before the court. Thereafter, in a judgment delivered on May 27, 2016, the court awarded the sum of N23.1 million against Payporte in favour of Vacant Boards.

The petitioner, however, submitted that on Feb. 27, 2017, Payporte made a part payment of N5 million, leaving a balance of N17.1 million which it had yet to liquidate in spite of demand letters. It consequently filed a suit on Dec. 29, 2017, asking the court to order winding up of Payporte.

However, in the notice of preliminary objection on Wednesday, Payporte argued that the petition for winding up did not comply with the provisions of Sections 5 and 6 of the Companies Winding-Up Rules, 2001. Payporte’s lead counsel, Mr Ogedi Ogu, informed the court of the notice of preliminary objection.

He also said that he had been served with a counter-affidavit by the petitioner, and would need time to respond to it.
Justice Ayokunle Faji adjourned the case until June 12 for hearing.

Recall that early this year, some aggrieved staff of Payporte accused the company on social media of treating them poorly, owing them months of salaries yet spends millions on sponsoring competitions such as Big Brother Naija, and signing on brand ambassadors.


BBNaija 2018: Payporte finally speaks on alleged poor treatment of workers

BBNaija, Big Brother Naija

BBNaija 2018: Payporte finally speaks on alleged poor treatment of workers


The official sponsors of Big Brother Naija show, Payporte, has reacted to report that staff of its company were being owed salaries and treated poorly.

According to some aggrieved staff on social media, Payporte treats them poorly, owes them months of salaries yet spends millions on sponsoring competitions such as Big Brother Naija, and signing on brand ambassadors.

However, Abioye Olubodun, an aide to the CEO of Payporte, Eyo Bassey has denied the report.

Olubodun told Punch that workers were not being owed, adding that those complaining left the company without following proper resignation processes.

“It is a lie, they are not being owed. The people that did not get their money are those that left the company without properly resigning their appointments and those that still have company properties such as cars and expensive cameras in their possessions.

“If you want to leave a company, there is a process to follow and that is the way it is everywhere. Your boss has to clear you, otherwise it would be regarded that you went AWOL.

“It is unfortunate that the former staff had to go to this length. They just need to do the right thing and everything would be resolved. They don’t want to do the right thing but they want to get paid.

“The company doesn’t have issues with them; they have just been told to bring the items in their possessions and they would get paid their entitlements. It is not true that they were being owed.”

Speaking on reports that Payporte treats its staff poorly despite millions gotten from Big Brother Naija, Olubodun added:

“That is not true. I am a staff of the company and I can tell you that I am well treated. Meanwhile, the MD is aware of the allegations and he is planning to call a press conference at the end of the month.”