SEC, NFIU To Tackle Fraud, Ponzi Scheme – Punch, Page 29
The Securities and Exchange Commission and the Nigerian Financial Intelligence Unit have signed a Memorandum of Understanding to collaborate in combating crime in the Nigerian capital market and to ensure that suspicious transactions are eradicated from the market. The acting Director-General, SEC, Ms Mary Uduk, who spoke in Abuja during the signing of the MoU, said the collaboration was necessary in order to close the ranks in the face of insider dealings, re-awakening of Ponzi schemes, cybercrime and other fraudulent activities that had engulfed the market in the last few years. Uduk said the commission was paying close attention to digital transactions and was in the process of amending its rules to capture such transactions. According to her, the commission already has regulations that prohibit shell companies from operating in the capital market and implored the NFIU to assist with solutions to track suspicious transactions as they occur. Uduk said, “If we have solutions that will help us track transactions, it will reduce the incidence of insider dealing greatly. We will be very willing to collaborate with you on that in our determination to ensure that our markets are efficient and transparent and all investors are protected.
With Rising Income Inequality, 100 Bank Customers Get 47% Of Loan – Thisday. Page 6
Nigerian banks have high credit concentration risk, with 47 per cent of total industry loans having been extended to 100 large customers in the country, a report by Moody’s Investor Service has revealed. Moody’s, a credit rating agency, stated this in its latest report on Nigerian banking sector. This is just as the Managing Director, Financial Derivatives Company Limited, Mr. Bismarck Rewane, attributed the development to the level of income inequality in the country. Moody’s stated that the recent directive by the Central Bank of Nigeria (CBN) that banks should maintain a minimum loan-to-deposit ratio (LDR) of 60 per cent by the end of September 2019, would help support loan growth recovery in Nigeria and support banks’ revenue. “The directive will encourage banks to diversify their exposure to more granular borrowers, reducing their concentration risks. “Nigerian banks have high concentration risk, with 47 per cent of total system loans having been extended to 100 large customers,” it added.
Report: 41% Of Cyberattack Victims Suffer Data Breach -Thisday, Page 23
Sophos, a global network and endpoint security firm has released findings of its latest survey, which showed that 41 per cent of cyberattack victims suffer from severe data breach. It also revealed that phishing emails impacted 53 per cent of those hit by cyberattack, and Ransomware impacted 30 per cent of attacked victims. The report stated that the situation was getting worse as Information Technology (IT) managers were struggling to keep up with such cyberattacks globally. The report revealed that IT managers were inundated with cyberattacks coming from all directions and were struggling to keep up due to lack of security expertise, budget and up to date technology.
The survey polled 3,100 IT decision makers from mid-sized businesses in the US, Canada, Mexico, Colombia, Brazil, UK, France, Germany, Australia, Japan, India, and South Africa The Sophos survey showed how attack techniques were varied and often multi-staged, increasing the difficulty to defend networks.
Investors Lose N145 Billion In Three Days Of Bearish Trading – Guardian, Page 23
The bears have continued to strengthen their hold on the equities sector of the Nigerian Stock Exchange (NSE), as more blue-chip stocks joined the league of losers, forcing investors wealth to depreciate by N145 billion in three trading days. Specifically, the market capitalization of the NSE which reopened at N13.811 trillion on Monday, now stands at N13.666 trillion, representing N145 billion or 1.06 percent loss. Also, the All-share index plummeted by 298.18 points to 28,042.80 from 28,340.98 at which it reopened for trading on Monday. Yesterday’s downturn was impacted by losses recorded in medium and large capitalized stocks, among which are; Nestle Nigeria, Julius Berger, Guinness Nigeria, Unilever Nigeria, and Flour Mills Nigeria. The Chief Research Officer of InvestData Consulting Limited, Ambrose Omordion linked the sustained sell-off to negative sentiments and high sell pressure in blue-chip stocks due to political risk arising from the lack of policy direction from the government. According to him, this has been worsened by the rising insecurity challenges across the country. He noted further that the delay of the federal government to provide economic direction and reform policies that can stimulate productivity, in addition to the absence of a cabinet for effective governance have continued to constrain investment in the market and entire economy.
BDC Rates – BusinessDay Newspaper 1
Stock Market Report – July 16
ALL SHARE INDEX 28,200.88
EQUITY CAP N13,743,715,347,900.04
BOND CAP N12,199,114,151,594.60
FBNQuest Spark Initiative Deepens CSR – Nation, Page 12
FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc has announced a SPARK initiative, to celebrate the third edition of its Corporate Responsibility & Sustainability Week which ran from July 1 to 5 . This initiative is also part of activities in celebration of FirstBank’s 125th Anniversary in Nigeria.
“SPARK” – which represents ‘Start Performing Acts of Random Kindness’ was created to empower people within the business communities and create a positive multiplier effect that can impact the nation. Employees from FBNQuest Merchant Bank were encouraged to show compassion, empathy and giving, which were reflected in the key activities organised by the Merchant Bank throughout the CR&S week. The week kicked off with a visit by employees of FBNQuest Merchant Bank, to Girls Senior Secondary Grammar School Ikoyi, to educate students about the SPARK values, which includes Compassion, Civility, Charity and Connection. The organisation recognises that exposing children to such important ethics, would help them cultivate better life habits which can create ripple effects, to make the world a better place.
UBA Plans SMEs Fair In Abuja – Nation, Page 12
United Bank for Africa (UBA) Plc is set to host over 20,000 visitors, 100 small and medium enterprises and leading private and public sector players from across Africa, at the continent’s biggest entrepreneurial fair tagged #theUBAmarketplace2019 in Abuja, Nigeria. The event, which will be held on July 26th and 27th 2019, on the sideline of the Tony Elumelu Entrepreneurship Forum, the largest gathering of the entrepreneurship ecosystem in Africa, will host businesses and business owners in various industries including food, fashion, beauty, home/interior and gadgets. The epic event will offer plenary sessions and discussions on the small and medium scale enterprises (SMEs) sector and the relevance of financing. The plenary sessions will highlight entertainment and music industries. Likewise, fashion, a big cultural and revenue attraction on the continent, will be showcased with the designs of 10 leading African labels.
MTN Gets Group Chief Digital, Fintech Officer – Nation, Page 11
MTN Group has announced the appointment of Yolanda Cuba as its Group Chief Digital and Fintech Officer. She joined Group Executive Committee reporting to the Group CEO Rob Shuter. Yolanda will lead the Group’s strategic expansion of its financial services and digital solutions efforts and transformation into a digital operator. She said: “This role gives me the opportunity to drive digital innovation and financial inclusion across the Group’s vast footprint. I’m really looking forward to the new challenge and being part of the MTN leadership team.” Shuter said: “We are very pleased to bring an executive of Yolanda’s calibre into MTN Group. Yolanda is a highly qualified and experienced executive, with a unique combination of operational telecommunications experience as well as finance, financial services and digital skills. I am confident that Yolanda’s leadership will place us in good stead as we intensify our efforts to build a digital ecosystem and scale our fintech offering across our markets.”
Coalition Marches To Villa Over Insecurity, Killings – Punch, Page 9
A coalition of civil society groups has marched to the Presidential Villa, Abuja, over insecurity and bloodshed across the country, stressing that the nation is on the brink of catastrophe. The coalition members, who marched from the Unity Fountain, Maitama, to the State House road junction on Wednesday, carried placards denouncing the killing of Mrs Funke Olakunri, the daughter of Afenifere leader, Pa Reuben Fasoranti, who was killed by bandits last week. The participants include Ariyo-Dare Atoye of Yoruba Collectives; Ndi Kato (Middle Belt Forum); Chimdi Neliaku (Advocate for Integrity in Leadership), and human rights activists, Adebayo Raphael and Iferetofunmi Julius. Leader of the group, Atoye, said several farmers had been killed, maimed, assaulted and their wives and daughters raped and brutalised by suspected herdsmen forcing them to abandon their farms and lands. He accused President Muhammadu Buhari of being indifferent to the insecurity in the country, noting that his administration had politicised the challenge. He said, “Unfortunately, your regime and its poster boys have publicly narrowed down everything to politics and hatred for President Muhammadu Buhari. This is not wisdom. These challenges predate your coming to power in 2015, but they have been terribly aggravated and accentuated in an unprecedented manner by your seeming aloofness and lack of capacity to tackle them.”
FG Spent N610.2bn Servicing N13tn Domestic Debts In Q1 – Punch, Page 25
Within a three- month period, covering January to March this year, the Federal Government spent the sum of N610.2bn paying interest on its domestic debts. The amount is contained in a report on the nation’s debt which was obtained from the National Bureau of Statistics on Wednesday. Nigeria’s domestic debt, according to the report, stood at N13.11tn as at the first quarter of this year. The domestic debt was incurred through the issuance of seven financial instruments. They were Federal Government savings bonds where a total debt of N9.72tn had been raised, Federal Government savings bonds with N9.7bn, Sukuk bond with N200bn and Green bond with N10.69bn. Other instruments used by the Federal Government in raising its domestic debt were Nigerian Treasury bills with N2.65tn, Nigerian Treasury bonds N150.98bn and Promissory notes with N366.85bn. Further analysis of the document showed that during the three months period, the Federal Government spent N120.91bn on interest payment on Nigerian Treasury bills.
CJN: Corruption Most Rampant At Magistrates’ Courts – Thisday, Page 1
The acting Chief Justice of Nigeria (CJN), Justice Tanko Muhammad, who was confirmed yesterday by the Senate, has described the magistracy, the lowest ebb of Nigeria’s judiciary, as the most corrupt strata of the judiciary. His confirmation was sequel to the consideration at plenary of his nomination by President Muhammadu Buhari by the Senate Committee of the Whole headed by Senate President Ahmad Lawan. Justice Muhammad, 66, had during the session which lasted from 11.40a.m. to 1.15p.m, answered questions from senators after which the Senate president asked him to take a bow and leave. Justice Muhammad, who had acted for six months before his confirmation, also said technical cases were leeways to double interpretations of judgments. To him, justices of the Supreme Court and other judges deserve better pay, as their current salaries are ridiculous and laughable. The CJN in response to a question on rampant corruption cases among judicial officers, said while some judges were corrupt the level of corruption among the magistrates was alarming.
Obaseki Adamant As House Orders Fresh Proclamation Of Edo Assembly – Thisday, Page 1
The crisis rocking the Edo State chapter of the All Progressives Congress (APC), which has led to the factionalisation of the state House of Assembly, festered Wednesday as the House of Representatives declared illegal the June 17 proclamation of the state legislature by the Governor, Mr. Godwin Obaseki. The House, while considering the report of the ad hoc committee it set up to probe the division in the state legislature, asked Obaseki to issue a fresh proclamation for the inauguration of the Assembly. But THISDAY learnt that the governor would ignore the directive of the House of Representatives because his hands have been tied by the constitution. The House of Representatives gave him one week to do so or have security agencies shut down the state legislature or the federal lawmakers would take over the Assembly’s legislative functions.
But a top government official confided in THISDAY Wednesday, shortly after the House adopted the report of the ad hoc committee that the resolution was illegal. The source said the governor had discharged his constitutional responsibility on the issuance of a proclamation for the holding of the first session of the legislature and his hands are tied by Section 105(3) of the 1999 Constitution(as amended), from re-issuing another one. Section 105(3) of the 1999 Constitution (as amended), which empowers a governor to issue proclamation for a state legislature, reads: “subject to the provisions of this Constitution, the person elected as Governor of a State shall have power to issue a proclamation for the holding of the first session of the House of Assembly of the state concerned immediately after his being sworn in, or for its dissolution as provided in this section.”
South East Communities Restrict Land Sale Over RUGA – Guardian, Page 1
Beyond merely denouncing the controversial RUGA herdsmen settlement proposed by the Federal Government, some communities in the southeast have begun closing land sale gaps that may let in the policy through the backdoor. The sudden restrictions will be seen as a disturbing low point in the polarisation of the country blamed on alleged misgovernance and policy missteps by the President Muhammadu Buhari-led administration. The development came on the heels of the recent call by the Northern Elders Forum urging herdsmen to abandon the south over alleged threats to their safety by governors and other stakeholders in the region. Buhari yesterday, however, urged the pastoralists to ignore the advice. “All citizens of Nigeria are free to move and live within any part of the country they please, whether or not they are originally from there.
“In line with our country’s constitution, the government of Nigeria and the administration of President Muhammadu Buhari will protect citizens of Nigeria wherever they find themselves. “No one has the right to ask anyone or group to depart from any part of the country, whether north, south, east or west,” the president said in a statement by his spokesman, Garba Shehu. “They have no one’s authority to make such pronouncements. The polarising role of the Northern Elders Forum and all those other groups dabbling in issues of security to score cheap political points has for long been a sore point in Nigeria’s body polity. They should not be allowed to mislead anyone, least of all the Fulani herders,” he added.
How Campaign Against Waste Saved N46b In 2019 Budget – Guardian, Page 21
A joint campaign against wasteful and frivolous items and appropriations that have become routine in the national budget, led by Centre for Social Justice (CSJ), succeeded in eliminating up to N45.93 billion, out of the N74.18 billion flagged by their budget review in the 2019 fiscal plan. The amount saved is equivalent to the 2017 planned mass metering program of the Abuja Electricity Distribution Company, covering FCT, Nassarawa, Kogi, and Niger states, or the UK Department for International Development N46.2 billion spend on the promotion of education in Nigeria through projects support. The CSJ, in collaboration with its partners in the Citizens Wealth Platform (CWP), had sustained the yearly review of budget line items, which emerged successful this year, as their increased efforts became pressure on the legislators, who reviewed the questionable provisions. The Lead Director of CSJ, Eze Onyekpere, said following the presentation of the 2019 Appropriation Bill by the President Muhammadu Buhari to the National Assembly (NASS), CSJ/CWP studied the proposals and pulled out expenditure line items it considered frivolous, inappropriate, unclear and wasteful.
EFCC Hands Over N4.5b Edifice Seized From Ex-CDS Badeh To VON – Nation, Page 1
The multi-billion naira property seized from a former Chief of Defence Staff (CDS), the late Air Marshal Alex Badeh, was yesterday handed over to the Voice of Nigeria (VON).
The Economic and Financial Crimes Commission (EFCC) handed over the edifice valued at over N4.5 billion. It is located at Plot 1386, Oda Crescent, off Aminu Kano Crescent, Wuse 2, Abuja. EFCC Acting Chairman Ibrahim Magu said with a successful fight against corruption, 70 per cent of Nigeria’s problems would have been solved. A statement by the agency’s Head of Media and Publicity, Mr. Tony Orilade, said: “The edifice is one of the properties seized from and finally forfeited to the Federal Government by the late Chief of Air Staff, Alex Badeh. “According to the Acting Chairman of the commission, Magu, who was represented at the occasion by the Secretary to the Commission, Ola Olukoyede, the hand over is a testament that the fight against corruption is real. “If we are able to fight corruption in Nigeria concertedly, we would have fought 70% of Nigeria’s problem.” The Chairman of the Board of VON, Ibrahim Buba and the Director-General (DG), Osita Okechukwu, led other management staff to the handover ceremony.
US House Rejects Bid To Launch Trump Impeachment Proceedings – Punch Online Page
The US House of Representatives on Wednesday rejected a congressman’s bid to launch impeachment proceedings against Donald Trump, tamping down a groundswell of anger after the president made xenophobic comments about Democrats. The chamber voted 332 to 95 to table, or effectively kill, a resolution brought by Democrat Al Green that raised whether to begin procedures to remove Trump from office. The majority of the House’s 235 Democrats joined all Republicans in voting to indefinitely delay the impeachment bid, although a substantial number of Democrats went on record in favour of considering articles of impeachment. Trump took to Twitter following the vote to declare efforts to impeach him “over.” “This is perhaps the most ridiculous and time-consuming project I have ever had to work on,” Trump wrote, adding: “This should never be allowed to happen to another President of the United States again!”
Police Comb Waterways In Search Of Saisia’s Mother As Kidnappers Keep Family Waiting – Guardian, Page 12
The Bayelsa State police command said it is intensifying its search in the creeks and waterways of Bayelsa and neighbouring states for the rescue of the kidnapped 79-year-old mother of ex-Super Eagles striker and coach, Samson Siasia. The state Commissioner of Police, Uche Anozia, told newsmen that the command has deployed its marine components to Odoni waterways in Sagbama Local Government Area of Bayelsa as part of efforts to rescue the kidnapped octogenarian and other victims, including a 17-year-old girl. Unknown gunmen had invaded Odoni community on Monday, July 15, and kidnapped the woman, Mrs. Beauty Siasia with two others, Mrs. Florence Douanana, aged 65 and Selekire Douanana, aged 17. The police boss, who visited the community on Tuesday, stated that the command was doing everything possible for the victims to regain freedom from their captors. “The police are on top of the game in order to rescue the victims. I am assuring the public and relatives that no stone will be left unturned.”
We Killed NBA Chairman For Withholding N18m Internet Fraud Proceeds –Suspect – Punch, Page 4-5
Thirty-nine-year-old Kenechukwu Eze, a native of Amoli Edem in the Nsukka Local Government Area of Enugu State, on Wednesday, said his gang members killed one Emmanuel Agundu because he withheld the N18m they realised from Internet fraud. The money was reportedly paid into his Nigerian bank account. Agundu, who was the Chairman of the Nigerian Bar Association, Udenu branch, was shot on August 15, 2018, at Obollo-Afor in the Udenu Local Government Area of the state by unidentified gunmen around 7pm, but he survived the attack. However, on September 2, 2018, he was trailed to Uru-Uwani Edem in the Nsukka Local Government Area around 2pm and shot dead. Although one of the gunmen was arrested and remanded in prison custody, Eze, a member of the five-man gang of Internet fraudsters based in Morocco, was apprehended on Wednesday, July 10, 2019, by the personnel of the Enugu State Police Command. Parading the suspect at the state police headquarters alongside 18 were arrested across the state for various offences ranging from armed robbery, kidnapping, car snatching, vandalism, cultisim, unlawful possession of firearms and murder, the state Commissioner of Police, Suleiman Balarabe, said Eze was arrested with the help of credible intelligence, adding that the police had been tracking him since Agundu’s death. Balarabe said his arrest was part of the command’s efforts to rid the state of criminals.
Customs Uncover N2.8m Tramadol Inside Ambulance – Punch, Page 10
The Apapa Area Command of the Nigeria Customs Service has announced the interception of an ambulance conveying 10 cartons of 225miligrammes of Tramadol in the Apapa area of Lagos State. It said the Hyundai ambulance, with number plate, LND 605 XW, was intercepted with the drugs while the driver was trying to smuggle them out of the port amid sirens. Our correspondent gathered that the ambulance belonged to the Medbury Medical Services, an emergency health service provider. While showing the vehicle and the drugs on Wednesday, the Controller, NCS, Apapa Command, Muhammad Abba-Kura, said two suspects, Michael Ajibade and Olatunde Emmanuel, were arrested in connection with the seizure. According to Abba-Kura, further investigations revealed that the drugs were stolen from a container waiting for examination inside the port. He estimated the duty paid value of all the drugs to be N59.3m.
Suspected Robbers Who Killed Aged Couple Nabbed In Ogun – Guardian, Page 12
A couple, James Olaosebikan, aged 72, and Esther Olaosebikan, 68, have been killed by a gang of armed robbers in their home at KM 54, Lagos-Ibadan expressway, Sagamu, Ogun State. The couple was reportedly murdered on June 30, while their suspected killers were arrested on July 12. The Police Public Relations Officer in the state, Abimbola Oyeyemi, who confirmed the incident to newsmen in Abeokuta yesterday, said the police have arrested four suspects in connection with the murder. The arrested suspects include Uthman, Abdulkareem and Abdulhamid. Oyeyemi said the assailants accessed the house through the ceiling and used a machete to kill the couple. The PPRO further said the suspects confessed to the police that they were members of an armed robbery gang; and that they decided to kill the couple after they recognized one of them. He said: “Upon the report, the Commissioner of Police, CP Bashir Makama, instructed the DPO of Sagamu Division, SP Okiki Agunbiade, to fish out the killers within the shortest possible time. “In compliance with the CP’s directive, the DPO and his men embarked on technical and forensic investigation of the case and their efforts yielded a positive result on July 12, when three members of the gang were apprehended.
Tenants Allegedly Murder 63-Year-Old Landlady In Delta – Punch, Page 4
A 63-year-old landlady, Mrs Elizabeth Asuelime, has been allegedly murdered by her tenants at No. 72 Umunajie Street, Asaba, Delta State. The deceased’s daughter, Glory, told PUNCH Metro that her mother was murdered on Tuesday by two of her tenants. She said, “My mum called me on Monday around 8pm and asked me to come home the following morning because one of her tenants was giving her problems and threatening her. So, on Tuesday morning, I called her phone but it was switched off. “When I got to the house, I met the door open. I checked her room and she was not there, so I went to the parlour and saw her lying on the couch. I called her again and she didn’t respond, so I touched her and the body was stiff. “I noticed blood gushing out from the back of her head; then I screamed and went outside and asked for the tenant giving my mother problems. One of the ladies said it was the tenant in the front and I told them that my mother was lying dead in a pool of her blood inside the house. “That was how we went to the ‘A’ Police Division in Asaba and it was discovered that the assailants used a harmer or stick to hit my mother in the back of her head. The police have arrested only four tenants, because after the incident, most of them ran away.
Hamzat Implores Youth To Shun Cultism – Guardian, Page 13
As the menace of cult activities continues to ravage, Lagos State deputy governor, Dr. Kadri Obafemi Hamzat, has advised Nigerian youths to shun cultism by embracing moral values associating with societies like the Scout Association. Speaking during a courtesy visit by the Lagos State Scout Council yesterday, Hamzat said the role of organizations like the scout have become more important when nine-year-olds are now cultists. He urged young people to resist peer influences that usually lead them to vices and crime. Led by the State Council Commissioner, Mr. Adebesin Oyeyemi, the Scout Council advised parents to create time to know their children and wards despite their busy schedule. He added that by so doing, a large number of young people would be weaned off crime. Meanwhile, the founder of the 26-year-old Blessed Assurance Nursery and Primary School, Mrs. Mopelola Oluwole, has called on President Muhammadu Buhari to save the nation’s educational system by monitoring activities of the private schools, particularly their mode of staff recruitment. She made the call at the school’s 26th anniversary held yesterday at one of the school’s branches in Mafoluku Oshodi.
NYSC To Buy Artificial Limbs For Taraba Accident Victims – Punch, Page 5
The management of the National Youth Service Corps has promised to buy artificial limbs from the Kingdom of Saudi Arabia for corps members, who lost their limbs in an accident in Taraba State minutes after leaving the orientation camp. The Director General, NYSC, Brig. Gen. Shuaibu Ibrahim, made the promise when he visited the victims at the Federal Medical Centre in Jalingo. Ibrahim, who was conducted round the wards where the victims are receiving treatment by the Medical Director of the centre, Dr Inusa Wiza, and the state Coordinator of the NYSC, Mrs Florence Yaakugh, said the service would pick the medical bills of the affected corps members. He added that the welfare of the victims, who suffered varying degrees of injuries, was the priority of the service. Addressing the victims, Ibrahim stated, “I want to assure you of the readiness of the service to give you all the needed support that will enable you to realise your ambitions. “It is a fact that you are on national assignment and your present predicament is well noted as the service will leave no stone unturned to put smile on your faces.” On her part, Yaakugh commended the efforts of the state government and the NYSC DG in assisting the victims. She informed the DG that Governor Darius Ishaku had shown a lot of concern and directed that the victims should be treated and the bills passed to the state government
DELSU Student Murdered By Ritualists For Burial Friday – Punch, Page 5
The remains of Miss Elozino Ogege, the 300-level student of the Delta State University, Abraka, who was murdered by suspected ritualists, will be interred on Friday. Elozino was murdered by suspected ritualists, known as ‘Yahoo plus’, on November 15, 2018, four days after she was declared missing. The killers removed her vital organs. The 22-year-old was a First Class student of the Department of Mass Communication of DELSU when she met her untimely death. According to the burial programme obtained by our correspondent on Wednesday, the body will be interred at her home town of Oleh in the Isoko South Local Government Area of the state. The programme was signed on behalf of the family by Mr Goddowell Ogege. It stated, “After much consultation with the family and clan head; authorisation from the High Court, Asaba; and support from the Delta State Government, the Ogege family of Oleh, Isoko South LGA, has decided to lay their slain golden daughter, Elozino Ogege, to rest. “She is survived by her mother, brother and sisters.” It urged students of DELSU and the general public to attend the burial in white attire. Governor Ifeanyi Okowa had recently presented a cheque of N6m to the family to cover Elozino’s burial expenses.
Eagles Beat Tunisia To Claim Consolation Bronze For Record Eighth Time – Thisday, Page
Super Eagles players and officials celebrating Nigeria’s eighth AFCON bronze medal shortly after defeating Tunisia 1-0 to claim the silverware in Cairo, Egypt Odion Ighalo scored the only goal last night as Nigeria beat Tunisia 1-0 in the third-place play-off at the 2019 Africa Cup of Nations to claim the bronze medals of this edition in Cairo, Egypt. The third place finish was a consolation for the three times champions who missed the last two editions of the African football showpiece back-to-back in 2015 and 2017. The goal is Ighalo’s fifth that makes him the tournament’s leading scorer on five goals. The Nigerian forward scored against Burundi in the opening match before his brace against Cameroon in the Last 16 stage. He also scored in the semi final clash with Algeria before capping his outing with the winner against Tunisia last night. The former Watford striker yesterday tapped in after Tunisia keeper Moez Ben Cherifia deflected the ball off his own defender Yassine Meriah just three minutes into the losers final. Nigeria’s coach, Gernot Rohr made two changes to his starting line up, preferring Francis Uzoho to Daniel Akpeyi while also swapping Chidozie Awazie for Ola Aina. In a slow-paced game between the two losing semi-finalists inside the Al Salam Stadium in Cairo, Tunisia went close as Ferjani Sassi and Ghaylene Chaalali shot wide.
AFCON 2019: Rohr Satisfied Over Super Eagles’ Third Place Finish – News Agency Of Nigeria
Super Eagles Coach Gernot Rohr has expressed satisfaction over Nigeria’s third-place finish at the 2019 Africa Cup of Nations (AFCON) tournament in Egypt. The News Agency of Nigeria (NAN) reports that Odion Ighalo’s early goal in the third minute gave Nigeria a 1-0 win over Tunisia in their third-place playoff on Wednesday. The 30-year-old forward, who is the tournament’s top scorer with five goals, was gifted an easy tap-in following a Tunisian defensive mix-up at the Al Salam Stadium. This was after Jamilu Collins’ cross from the left was poorly parried by goalkeeper Moez Ben Cherifa against the legs of defender Yassine Meriah. NAN also reports that Nigeria, who dominated the game, has won the bronze medal at eight different Cup of Nations tournaments. Rohr told newsmen during a post-match conference that he was satisfied with the team’s performance, adding that he was very positive about the future. “We are satisfied with third place. We managed to beat Africa’s second-best team.
“It was hard, so we are good with it.”
CAF Changes Africa’s World Cup Qualifying Format For 2022 – Guardian Back Page
African teams will contest a final playoff round in their World Cup 2022 qualification campaign, a system last employed for the 2014 tournament, the Confederation of African Football has decided, reports Reuters. Qualifiers for the next World Cup in Qatar will be divided into three stages with two rounds of knockout ties on either side of the league competition, officials said. The 28 lowest-ranked sides on the continent will first contest a knockout round over two legs, with the 14 winners advancing to the group stage. The 28 include Madagascar, who reached the Africa Cup of Nations quarterfinals last week. The winners will join the 26 highest-ranked sides in a 40-team, 10-group pool phase that will be played over 18 months. The group winners will then be drawn into five playoff ties over two legs with the victors qualifying for the World Cup. The first leg is hosted by the lower-ranked country. For the 2018 finals in Russia, there were two preliminary rounds to cut the field down to 20 countries, who then contested the five places for Africa in a group competition. The changes come despite no alteration in the number of World Cup places for African teams.
Plans Underway To Bring Big Players To Arsenal, Emery Declares – Guardian, Page 60
Unai Emery said Arsenal are looking to sign “very big, very expensive players” as the Gunners try to boost their squad ahead of the Premier League season. It has been a quiet transfer window so far for Arsenal, who have been linked with moves for Celtic left-back Kieran Tierney, Saint-Etienne teenager William Saliba and Real Madrid’s Dani Ceballos. Arsenal fans want to see investment amid frustration with the club’s owners and last season’s fifth-place finish in the Premier League. Speaking ahead of yesterday’s International Champions Cup match against Bayern Munich, Arsenal head coach Emery told reporters: “We are talking with the patience and with the calm because we really want to sign players who can help us with a big performance, and also because we think in the team we have very good players and young players and we also need to take the best player in some positions.”
Mayweather ‘Zero Interest’ In Pacquiao Rematch: Report – AFP
Floyd Mayweather has “zero interest” in coming out of retirement for a rematch with Manny Pacquiao after their money-spinning 2015 superfight, close confidante Leonard Ellerbe said Wednesday. Ellerbe, the chief executive of Mayweather Promotions, told the boxingscene.com website that not even the prospect of another lucrative payday would tempt Mayweather back into the ring. Mayweather is believed to have earned an estimated $300 million from the points victory over Pacquiao, which remains the most lucrative fight in history and generated more than $600 million revenue. Pacquiao’s long-time trainer Freddie Roach said last week he would be keen for the Filipino icon to set up a rematch with Mayweather after a frustrating defeat in the first meeting. However while Mayweather will be at ringside for Pacquiao’s world title fight against Keith Thurman in Las Vegas on Saturday, Ellerbe says there is no chance of a rematch. “Floyd has no interest,” Ellerbe told boxing scene. “He has zero interest. He’s been doing this all his life. And after a while, you get burned out. He’s given the sport everything.”
IHF Men’s Junior: Egypt Top Nigeria In Battle Of African Teams – The Nation Online Page
A depleted Nigerian side lost to Egypt 47-30 yesterday in their second match of the1HF Men’s Junior (U21) World Championship in Spain. The North African side makes it two wins from two in their group while the Nigerian side have lost both games played so far. The first half ended 18-13 in favour of the Egyptians. Even before Nigeria stepped on court they found themselves struggling to match their rivals having named just 12 players in their squad for Spain 2019 out of a possible 16 allowed – the exact number that Egypt had and to whom their coach Tarek Sayed El-Sayed used effectively from the bench as he rotated his players ahead of a rest day tomorrow and a match against Sweden on Friday. Egypt took their time to settle and, helped by some impressive saves by Michael Agbaji Solomon in the Nigeria goal, his side raced to a 3-0 lead before Egypt opened their account after five minutes. But Nigeria stood strong, despite having Suleiman Usman carried off court with an injury. In a show of great sportsmanship three Egyptian players helped carry him to the sidelines with the Egyptians offering the services of their doctor and physio to help with his recovery. Solomon continued to impress, thanks to a double seven-metre save, but Egypt finally took the lead in the 14th minute (7-6) and did not look back, even slotting home a fantastic in-flight goal after a slick pass from Mohammed Anas to his captain Abdullahi Mohammed.
Ajax’s De Ligt Joins Juventus For €75m – Thisday Online Page
Dutch central defender Matthijs de Ligt signed Thursday for Juventus from Ajax for a fee of 75 million euros ($84.2 million), the Italian champions said. The 19-year-old has signed a five-year contract. Juventus said in a statement the 75 million euros would be paid over five financial years, with “additional costs” of 10.5 million euros. The fee for De Ligt makes him Juventus’ third most expensive signing in their history after the 105 million euros they paid for Cristiano Ronaldo in 2018 and the 90-million-euro transfer of Gonzalo Higuain in 2016. De Ligt had also been linked with Manchester United, Barcelona and Paris Saint-Germain after his impressive performances that helped a young Ajax side reach the Champions League semi-finals last season. His 22-year-old Ajax teammate, midfielder Frenkie de Jong, has joined Barcelona. De Ligt played 117 games for Ajax in all competitions, scoring 13 goals, and he scored the winner in Turin as Ajax eliminated Juventus in the Champions League quarter-finals. De Ligt has played 17 times for the Netherlands, forming a formidable central defensive partnership with Liverpool’s Virgil van Dijk.