Fidelity bank banner Bayelsa State banner
Question mark over UK firm that promised $1.5bn investment in Nigeria’s football league

By News Express on 02/11/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,246


There is palpable fear in sports circles over a recent proposal by Arabella 21st Century, a sports promo/marketing company, to invest, alongside some other investors in the United Kingdom, about $1.5 billion in the Nigerian Professional Football League (NPFL).

The proposed investment by the investors has generated heated buzz in the United Kingdom since its announcement among Nigerian sports enthusiasts who are concerned about the reality of such investment coming from Europe at this time. An investigation carried out by the UK-based BEN TV in a bid to establish the corporate existence of Arabella 21st Century reportedly turned  out negative as the UK Company House did not have any record of it in its system.

A statement on BEN TV’s findings said: “In fact, the only known website for Arabella 21st Century has its domain name suspended since September 30th 2016 for inability to renew it. The suspension of Arabella 21st Century domain name since September could have caused the panic among sports enthusiasts who felt a company willing to invest $1.5 billion in Nigeria but could not afford a few dollars, less than $100, to renew its domain name must be unserious or at best itself looking for survival strategy in Nigeria.
“The only known project with Arabella 21st Century was the award of a contract to manage the arenas for the 15th National Sports Festival by Ogun State Gateway Games Commission in 2006. How well did Arabella 21st Century perform in the task of managing that project can only be answered by Ogun State Gateway Commission.

“The news of such investment is a welcome development and a relief to many followers of Nigeria’s Professional Football League. The amount is staggering, capable of turning Nigeria’s sports around for the best and a huge step forward, however, it will be another blow to this government if it ended being another false hope.

“While we are not questioning the possible interest of Arabella 21st Century’s investment in Nigeria, we think the company and the proprietors need to sort out the company’s identity, make its presence known to UK authority, the Company House, if it is trading from the UK as we are made to believe and resolve its few bucks payment for its website domain renewal, at least for Nigerians to check them out and their profile especially in sports and related projects management.”

Source News Express

Posted 02/11/2016 1:57:54 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Sky and 21st Century Fox agree £18.5bn takeover...

Senator Dino Melaye charged with illegal possession of...

Britain seeks release of Chibok girls

CBN bans loan defaulters from further access to...

Tony Rapu: More than a Pastor, By Segun...

Rivers communities seek licences to operate modular refinery...

Boko Haram will defeat regional forces, Shekau boasts...

Iyanya dumps label for Mavin

FG unfolds plans to withdraw fertiliser subsidy

The future in our hands: Nigeria and the...

INEC, Prisons Service move to ensure prisoners vote...

6 mistakes every entrepreneur should avoid

 

Latest News Many feared killed as gunmen invade villages in Plateau Why we did not attend APC National Convention — Kwankwaso Group accuses Bayelsa APC of recruiting cultists for elections •APC dismisses group as faceless, irresponsible ISIS Threat: FG beefs up security, deploys AIG to Lagos airport FG to begin Voluntary Asset Repatriation Scheme as VAIDS expires Surveyors offer to help FG fight insurgency, herdsmen/farmers clash SERAP wins battle to compel Adamu, Ogbeh to account for spending on water US government reunites 522 children removed under 'zero tolerance' NLNG to boost domestic LPG supply with new vessel NEITI urges review of Oil Producing Agreements APC swears in Oshiomhole as National Chairman CSOs hail Kaduna, Sokoto on release of immunization funds

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (353,058 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (352,977 views) Shameless Genevieve Nnaji exposes breasts in public (280,984 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (230,600 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (209,432 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (209,409 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (182,245 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (164,437 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (154,129 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (149,031 views) Lagos plane crash: Journalist releases victims’ names (144,208 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,915 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (50) Business & Economy (3,267) Business Verdict (44) Columnists (871) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (507) Features (607) Global Business Monitor (284) International (2,056) Interview (155) Live Commentary (28) Love Matters (124) News (36,462) Opinion (1,005) Pidgin (10) Politics (5,332) Religion (772) Sports (1,562) Stock Watch (30) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Nigeria vs Iceland 2-0 All Goals & Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement