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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

Nigerian women coaches conclude first module of CAF C-License course

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NFF President Gusau and GS Sanusi with NFF Management and the coach educators and participants at the commencement of the course on Monday last week.

A total of 30 women coaches have concluded the first of a three-module CAF C-License program in the Federal Capital, Abuja and are expected to commence a two-week internship with different teams in a few days.

Peopled largely by former Nigerian internationals and other serving coaches, the group was taken through a full week of rigorous classroom and practical sessions by a team of coach educators and resource persons, in a baptism of what the next two modules are likely to entail,

NFF Technical Director, Coach Augustine Eguavoen, told thenff.com that the first module has shown that the women coaches are actually desirous of learning.

“I am very much impressed with their attitude, mannerisms and conduct through the first module. They impressed everyone, and the coach educators also told me they were impressed, and are looking forward to having them back for the second and concluding modules.

“We are grateful for the leadership of the NFF for the support and encouragement for coach-education programmes all the time.”

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The participants will return to Abuja for the second module that is scheduled for 12th – 20th August, after which they will go on another two-week internship, 23rd August – 4th September. The third module, which comes with examinations for the participants, will take place 9th – 19th September.

Dr. Terry Babatunde Eguaoje, NFF’s Head of Education, is among the coach educators’ team, which also includes Coaches Isah Ladan Bosso, Wemimo Olanrewaju and Lanrence Ndaks.

Among the 30 participants are former Super Falcons’ stars Precious Dede, Joy Jegede, Esther Michael, Maureen Eke, Otas Ogbonmwan, Vera Okolo, Cecilia Nku, Taiwo Ajobiewe, Gloria Ofoegbu and Amenze Aighewi. There are also Barr. Victoria Nlemigbo and retired FIFA referee Folusho Ajayi.   

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Osimhen’s outburst was a moment of madness, says Amaju

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Former Nigeria Football Federation (NFF) President and a  FIFA Council member, Amaju Pinnick has expressed shock at last month’s outburst by Super Eagles’ striker, Victor Osimhen against Finidi George.

“It is very unfortunate”, Amaju Pinnick remarked on an Arise Television programme. The former NFF president said he had put a call to Osimhen who was very remorseful while the telephone conversation lasted.

  “I told him he has to apologise, and I am sure he will if he has not yet done so.” Amaju remarked that he could not comprehend what went wrong as Osimhen was the most cool-headed player in the national team.

He went on to remark that Finidi George was not a personality to be disregarded like that. He has won virtually every honour available during his playing days and was a member of the Super Eagles at their peak when Nigeria ranked fifth in the world.

“I believe players should learn to respect their coaches”, said the former NFF boss.

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I prefer a foreign coach for the Super Eagles, says Amaju

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Nigeria’s FIFA Council member, Amaju Pinnick has told the world that he has always been an advocate of foreign coaches for the Super Eagles. He spoke on Arise Television while fielding questions with Reuben Abati, Rufai Oseni and Ayo Mairo-Ese. 

His reason for being averse to indigenous  coaches stemmed from lack of respect for them by the players.

“Yes, the Nigerian coaches have the requisite knowledge and the technical ability, but modern football is beyond that in managing players.

“Will the national team players respect the coach? The sad thing is that they don’t”, said Amaju Pinnick.

 He however revealed that he supported the appointment of Finidi George owing to the circumstances that the NFF found itself after the exit of Jose Peseiro.

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 The NFF, he revealed, had no money to hire a foreign coach. The body therefore went for the most available option, Finidi to ensure a smooth transition.

 “Finidi was part of the coaching crew of Peseiro and it was therefore logical to ask him to continue.

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