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

By News Express on 02/11/2016

Views: 1,681


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

 

 

CLASSIFIED ADS

 

You may also like...
MTN: CBN enforces sanctions, debits guilty banks

23 communities benefit from Benue electrification projects

A new phase of the struggle begins as...

Ezeemo hails Fayose, Fayemi, tasks Obiano

N7bn Bribe: I lied against Jonathan, Oritsejafor, Oyedepo...

Army Transport School lauds Obaseki, to train Edo...

SWAN declares 3-Day mourning for Keshi

Igbo group explains origin of Nnamdi Kanu sex...

Medical expert identifies cause of Buhari’s sickness

Kaduna electricity workers shut down office to stall...

Ekiti political killings: Group asks IG to ‎interrogate...

We have not renamed Assumpta Avenue Owerri after...

 

Latest News Boko Haram governs Borno communities, collects taxes – Arch Bishop Over 100 persons jostle for commissioners in Kano Four charged with murder over plane crash that claimed 298 lives Disquiet over Ijaw elections, threats of parallel EXCO Boko Haram fuel and drug suppliers nabbed in Adamawa Ogun: Tribunal suspends sitting over threat to lives of witnesses Man steals grandma’s underwear in Ekiti after being promised N2, 000 First Bank manager arraigned for allegedly stealing N52.6m Two 14-year-old boys found guilty of murdering schoolgirl Submit fake document, face wrath of law, NYSC boss warns Corps members Anti-party activities: Ex-Gov Yari rejects APC’s committee report 14 injured as lightning strikes military base

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (494,992 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (425,770 views) Shameless Genevieve Nnaji exposes breasts in public (365,637 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (312,234 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (276,492 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (244,174 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (234,199 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (216,084 views) 10 cars more expensive than Jets (213,202 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (204,651 views) Lagos plane crash: Journalist releases victims’ names (184,700 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (184,004 views)

 

NNPC Financial reports February 2019

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (94) Business & Economy (4,316) Business Verdict (74) Columnists (1,052) Complaints & Requests (95) Enterprise & Opportunities (209) Entertainment (624) Features (762) Global Business Monitor (379) ICT Monitor (53) International (3,606) Interview (184) Live Commentary (30) Love Matters (162) Maggie's Blog (305) News (47,524) Opinion (1,262) Pidgin (17) Politics (11,038) Religion (1,026) Sports (2,045) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera