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Nigerian Football

TNFF: The football economy game changer!

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Action recorded during NPFL 2022/2023 Championship Play-offs between Remo Stars and Sunshine Stars at Mobolaji Johnson Arena Onikan, Lagos.

The emergence of GTI Asset Management & Trust Limited into Nigeria football ecosystem using The Nigeria Football Fund (TNFF) investment vehicle has turned to be the real game changer that is currently propelling the development of the elite league and Nigeria’s Football Economy.

In simple terms,TNFF has helped to restructure and reposition Nigeria Premier Football League (NPFL) for greatness following the chains of successes so far achieved in the execution of the 2022/2023 abridged league.

TNFF is a high quality investment–grade instrument involving equities of quoted companies, money market or fixed income instruments, and strategic investment in football/sport sector via securitized lending investments in identified short to medium term “football projects.” While a Football Economy consists of football and other sporting activities measurable in statistical terms as a significant component of the nation’s Gross Domestic Products. It may also include other sports like Basketball, Boxing, Tennis, Athletics, Golf and Polo.

As noted in previous posts on the subject matter, TNFF is an open-ended Securities and Exchange Commission (SEC)-registered unit trust (“Fund”) that allows ease of entry and exit by investors. The Fund in a nutshell seeks to build a “Football Economy” within the Nigeria Sports ecosystem.

TNFF isalso packaged to provide sustainable solutions to the challenges hindering the growth and advancement of football in Nigeria by focusing on the development of the Nigeria Premier Football League Clubs.

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To invest in TNFF, investors are advised to simply visit GTI Asset Management & Trust Limited office or its website (www.tnff.gti.com.ng) to complete the Application Form and submit with evidence of payment, which could be bank lodgments, crossed cheque or transfers (cash payments is not allowed). To complete the investment process, the investor will also be contacted by TNFF Fund’s Manager to acknowledge receipt of the investment.

The minimum initial investment is 100,000 units while additional investments shall be in multiples of 100,000 units. The current price is N1.082 per unit. The bid and offer price of the fund would be available on the website of GTI.

TNFF is further protected by the Trustee (Radix Trustees Limited), who supervises the activities of the Fund Manager in compliance with the Trust Deed. An independent Custodian (UBA Custodian) also holds and safeguards the assets of the Fund. All these structures are meant to protect investors, create transparency and accountability in the management of the Fund.

On the procedure for selling or redeeming TNFF investment, Unit-holders can sell their units in the Fund after the initial 6-month minimum holding period and they will be required to redeem units online or complete a Redemption Form and return the proof of investment to the Fund Manager. Once these documents have been verified, the redemption request will be processed within five (5) business days. The minimum permissible holding after partial redemption is N100,000 or such balance as advised by the Manager from time to time.

As a game changer, a steady flow of income as yearly payment of dividends would be made to unit holders, from the second year to affirm to investors the uniqueness of TNFF.

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Kunle Solaja is the author of landmark books on sports and journalism as well as being a multiple award-winning journalist and editor of long standing. He is easily Nigeria’s foremost soccer diarist and Africa's most capped FIFA World Cup journalist, having attended all FIFA World Cup finals from Italia ’90 to Qatar 2022. He was honoured at the Qatar 2022 World Cup by FIFA and AIPS.

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Nigerian Football

Enugu Rangers are Nigerian champions!

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Enugu Rangers re-enacted their glorious old days and now the new Nigerian champions after defeating Bendel Insurance 2-0 and Remo Stars losing 2-1 to Sunshine Stars.

 The trio of Remo Stars, Shooting Stars and Enyimba who were on the heels of Enugu Rangers all lost their away games with 2-1 scorelines.

With the result, Enugu Rangers attained an unassailable lead with just one match day to end the Nigerian league season. Despite their pedigree in Nigerian football, this is just their second title since the Nigerian top league changed status to professionalism in 1990.

  Rangers, who are the only Nigerian club never to be relegated since the Nigerian national league began in 1972 won their only professional league title in 2016.

 In the pre-professional football era, they were Nigerian champions in 1974, 1975, 1977, 1981 and 1982.

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This time,  Remo Stars who who have delayed Enugu Rangers’ coronation lost  in a western derby, but retained their second position when Shooting Stars conceded  late goals to Bayelsa United and lost 2-1 after leading 1-0 for the greater part of the match. They dropped to the fourth position giving Enyimba a respite.

 Shooting Stars who got rejuvenated midway in the season can still hold on to their continental ambition when they host relegation-escapee, Sporting Lagos on the last match day.

  Rangers have a dead rubber away duel to Gombe United whose visa to the lower NNL has been issue. They possibly hold the record for the worst goal difference in the Nigerian league as they have a deficit of 56 goals.

 Results

  • Sunshine Stars 2-1 Remo Stars
  • Sporting Lagos 2-1 Enyimba
  • Bayelsa United 2-1 Shooting Stars
  • Enugu Rangers 2-0 Bendel Insurance
  • Abia Warriors 2-0 Akwa United
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Nigerian Football

Behold, Finidi George’s resignation letter and why he quit the job

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The decision of the Nigeria Football Federation to engage a foreign technical adviser is the main reason why Finidi George resigned from his appointment as the head coach of the Super Eagles.

This is contained in the letter of resignation which copy Sports Village Square has. In the letter dated June 14, 2024 and addressed to the NFF President, Finidi wrote:

 “I am writing to inform you of my decision to step down as the head coach of the Super Eagles, Nigeria’s men senior team. This decision is in light of recent decision to effect changes in the team’s rechnical crew.

  “I would like to express my sincere gratitude to you, the entire leadership of the federation, the sports ministry and the people of Nigeria for the opportunity to serve as the head coach of the Super Eagles.

“Although, our recent results in the qualifying matches were not as desired, I remained committed to getting our World Cup qualification campaign back on track.

“However, with the recent changes to the technical crew, I believe it is time to vacate my position.

“Please be assured of my continued support for the team, and I wish us all the best for the future.”

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Enugu Rangers may emerge Nigeria’s league champions this Sunday

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BY KUNLE SOLAJA.

The 2023/2024 Nigeria Premier League is undoubtedly the most keenly contested in recent time as there is everything to play for till the last match day.

The battle for the title looks open and sweeping. So also is the struggle for the drop as two teams can still avoid the drop despite being deep in the relegation waters while others are within the drop zone.

For the title, it is a four-horse race equally separated along rivalry and geographical divides.

From the East are front-runners, Enugu Rangers and Enyimba who are also fierce rivals. From the West are the emerging Nigerian sensations, Remo Stars and traditional war lords, Shooting Stars.

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 Like Enugu Rangers and Enyimba, Remo Stars and Shooting Stars are regional rivals. Thus the four teams chase three continental tickets and the ultimate Nigerian title.

  Arithmetically, the four have chances of picking the title, but the odds tilt more in Enugu Rangers’ favour. If they win their match this Sunday against medium ranked Bendel Insurance and take their haul to 67 points, the Nigerian league title could be theirs irrespective of results elsewhere.

 That theory will be validated if any of the trio of Remo Stars, Enyimba and Shooting Stars should drop points in their respective duels with Sunshine Stars, Bayelsa United and Sporting Lagos.

 But if Remo Stars  beat Sunshine Stars and Enyimba also do the same against relegation prone Sporting Lagos, the title race will be thrown wide till last match day.

  Then, all the three teams chasing Enugu Rangers will be at their comfort zones at home, while the leaders will be away to already relegated and no-hoppers, Gombe United whose entry visa to the second tier NNL has been granted.

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Remo Stars, hardy known to drop points at home will face Katsina United. Shooting Stars who are having their best run in close to 30 years will be at their fortress against relegation candidates, Sporting Lagos.

Enyimba, though at home, may face stiffer oppositions as they will face Plateau United – a team that could upset the cart if they win their penultimate duel with Kano Pillars.

Key Matches

Enugu Rangers v. Bendel Insurance

Bayelsa United  v. Shooting Stars

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Sunshine Stars   v. Remo Stars

Sporting Lagos   v. Enyimba

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