Ghanaian giants Hearts of Oak are set to spend close to $600,000 to $700,000 on the first phase of the Pobiman Acadey Project according to a report by Oyerepa FM.
The Phobians have awarded the contract to a Turkish construction firm called Prefabex Construction Limited.
The report states that Hearts of Oak are to pay an interest of 25% for a loan facility advanced to them for the construction of the Pobiman project.
This loan facility according to Oyerepa Sports' sources is lent to the club by board chairman Togbe Afede XIV which has been confirmed by Hearts supporters Union, NCC's deputy organizer Abass Sule.
"It’s true,Togbe Afede XIV is lending us the money for the project and we are grateful a lot"