Headlines
African Stars File Out as AFCON 2019 Kicks Off
Stars of African football are billed to step out from today as the 2019 Africa Cup of Nations starts on Friday (today) with a record 24 teams slugging it out for the most coveted trophy in African football.
Seven-time champions and hosts Egypt are billed to set the ball rolling with a tricky fixture against Zimbabwe at the Cairo International Stadium.
The Pharaohs will be hoping to go one step further than they did at the 2017 edition of the competition in Gabon, where a late Vincent Aboubacar’s goal denied them a record 8th trophy.
Reacting to their opening game of the competition, Egypt’s head coach, Javier Aguirre, said their opening match is extremely crucial.
He said, “We have reached a very good form since we started preparing, and we have no problems either physically or technically. It’s a very important game as it’s the opening and we know the responsibility for us, yet we feel no pressure.
“We respect Zimbabwe and know them well. We will do our best come Friday (today). We are just thinking of the Zimbabwe game now and will take one game at a time.”
However, captain of the Pharaohs, Ahmed Elmohamady, said the team were in top shape to win another title.
“We are ready for the first game and our morale is very high. We play at home and promise our supporters that we will emerge champions. Our treble between 2006 and 2010 gave us great confidence and we were unlucky not to win two years ago. Being at home will push us more.”
In their pre-match press conference head coach of Zimbabwe’s national team, Sunday Chidzambwa, insists that his players are prepared for the task ahead.
“We prepared well and we believe we will do well. We are playing in a very difficult group and we also had the same in the qualifiers.
“Facing Egypt is not going to be easy because they play at home and they won the title seven times. But we are one of the best 24 teams in Africa and we will do our best.”
Group B
In Group B three-time African champions Super Eagles will be staging a return to the big stage after missing out on the 2015 and 2017 editions.
The Eagles last won the AFCON in 2013 in South Africa, beating Burkina Faso 1-0 in the final to lift the trophy.
On paper, the Eagles have one of the easiest groups as they are billed to face Burundi, Guinea and Madagascar. Most pundits see the Eagles as one of the favourites to lift the trophy despite coach Gernot Rohr calling for caution.
Group C
West African football powerhouse Senegal are one of the six countries to have got to the AFCON final without winning it, a trend this talented set of Teranga Lions stars will be hoping to change in Egypt.
Led by in-form Liverpool forward, Sadio Mane, and other stars, the Lions, one of the favourites to win the AFCON, will face Tanzania in their opening game of the competition.
Also hoping to make their presence felt at the tournament will be Algeria. Past winners of the tournament, Algeria have Manchester City’s forward Riyad Mahrez.
The Desert Foxes will be hoping to give Senegal a run for their money in Group C.
Group D
Morocco, Ivory Coast, South Africa, and Namibia make up Group D, which is regarded as the group of death.
Ivory Coast won the 2015 edition of the competition and will be hoping to go all the way once again.
The star-studded Ivorian team will face 1996 champions South Africa in their opening game of the campaign and a favourable result will help them hold their own as one of the favourites to win the 2018 edition of the competition.
Group E
Tunisia, Mali and Angola are the favourites to make it out of this group. Although these teams might not be considered as favourites to win the competition, they will certainly pose some problems for the other heavyweights.
Group F
Defending champions Cameroon are one of the favourites in this group alongside Ghana.
The five-time African champions will have a lot to do to claim a back-to-back AFCON win in Egypt.
The Punch
Headlines
IBB, Tambuwal, Ortom, Senators, Others Listed As FCTA Land Debtors
The Federal Capital Territory Administration (FCTA), on Thursday, published a list of 9, 532 alleged land title debtors in Abuja, giving them a two-week ultimatum to settle their outstanding bills.
The list, which includes prominent individuals and government agencies, was published on November 26, with defaulters expected to pay for their certificate of occupancy (C-of- O) within the stipulated timeframe.
Among those listed as defaulters is former Head of State, Ibrahim Badamosi Babangida (IBB), who owes N152 million for a plot of land in Asokoro, a highbrow area in the nation’s capital. IBB, who ruled Nigeria from 1985 to 1993, is not the only high-profile individual on the list.
Other notable defaulters include Samuel Ortom, former governor of Benue, who owes N950,000 for a plot of land in Bazango, and Aminu Tambuwal, senator representing Sokoto south, who owes N18 million for a plot of land in Carraway Dallas.
The FCTA has threatened to revoke the land titles of defaulters who fail to settle their bills within the stipulated timeframe. The administration has urged defaulters to settle their bills by e-payment to the “FCT department of land administration” account.
In addition to individual defaulters, some federal agencies, including the Nigerian Financial Intelligence Unit (NFIU), the navy, and police, were also named as defaulters.
The Lagos governor’s lodge in Asokoro, the Kaduna state government, and ‘State House Abuja’ were also listed as land title debtors.
This development is not the first time the FCTA has taken steps to recover outstanding debts from landowners. In June this year, the administration set up a committee to recover over N29 billion owed by property owners.
The committee has since identified 430 individuals and organisations as defaulters, with plans to prosecute them.
The FCTA has also partnered with anti-graft agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), to check the activities of land grabbers in the territory.
Headlines
Senate Approves Tinubu’s ₦1.77trn Loan Request
The Senate has granted approval to the ₦1.77 trillion ($2.2b) loan request of President Bola Tinubu after a voice vote in favor of the request.
The Senate presided by Deputy Senate President, Barau Jibrin, approved the loan after the Senate Committee on Local and Foreign Debts chaired by Senator Wammako Magatarkada (APC, Sokoto North) presented the report of the committee.
The request which was submitted by the President on Tuesday is part of a fresh external borrowing plan to partially finance the N9.7 trillion budget deficit for the 2024 fiscal year.
Tinubu had on Tuesday written to the National Assembly, seeking approval of a fresh N1.767 trillion, the equivalent of $2.209 billion as a new external borrowing plan in the 2024 Appropriation Act.
The fresh loan is expected to stretch the amount spent on debt servicing by the Federal Government. The Central Bank of Nigeria recently said that it cost the Federal Government $3.58 billion to service foreign debt in the first nine months of 2024.
The CBN report on international payment statistics showed that the amount represents a 39.77 per cent increase from the $2.56bn spent during the same period in 2023.
According to the report, while the highest monthly debt servicing payment in 2024 occurred in May, amounting to $854.37m, the highest monthly expenditure in 2023 was $641.70m, recorded in July.
The trend in foreign debt servicing by the CBN highlights the rising cost of debt obligations by Nigeria.
Further breakdown of international debt figures showed that in January 2024, debt servicing costs surged by 398.89 per cent, rising to $560.52m from $112.35m in January 2023. February, however, saw a slight decline of 1.84 per cent, with payments reducing from $288.54m in 2023 to $283.22m in 2024.
March recorded a 31.04 per cent drop in payments, falling to $276.17m from $400.47m in the same period last year. April saw a significant rise of 131.77 per cent, with $215.20m paid in 2024 compared to $92.85m in 2023.
The highest debt servicing payment occurred in May 2024, when $854.37m was spent, reflecting a 286.52 per cent increase compared to $221.05m in May 2023. June, on the other hand, saw a 6.51 per cent decline, with $50.82m paid in 2024, down from $54.36m in 2023.
July 2024 recorded a 15.48 per cent reduction, with payments dropping to $542.50m from $641.70m in July 2023. In August, there was another decline of 9.69 per cent, as $279.95m was paid compared to $309.96m in 2023. However, September 2024 saw a 17.49 per cent increase, with payments rising to $515.81m from $439.06m in the same month last year.
Given rising exchange rates, the data raises concerns about the growing pressure of Nigeria’s foreign debt obligations.
Channels TV
Headlines
Simon Ekpa Arrested, Sent to Prison on Terrorist Propaganda Charges
Self acclaimed leader of the Indigenous People of Biafra (IPOB), Simon Ekpa, has been arrested by law enforcement in Finland.
The BBC reports that Ekpa was subsequently sent to prison by the district court of Päijät-Häme for “spreading terrorist propaganda on social media”.
Ekpa was said to have committed the crime in 2021 in Lahti municipality.
The Finnish National Bureau of Investigation (NBI) also arrested four other men over alleged terrorist offences.
A citizen of Finland and Nigeria, Ekpa has described himself as leader of the separatist IPOB group since Nnamdi Kanu’s incarceration.
Finnish police say Ekpa’s activities and social media rhetoric may have fanned the flames of violence in the south-east of Nigeria.
“He carries out these activities from his social media channels, for example,” said Otto Hiltunen, detective chief inspector of the NBI.
In February 2023, Ekpa was arrested by police at his residence in Lahti but was released after hours of questioning.
Using his social media channels, Ekpa had directed Igbos not to participate in Nigeria’s 2023 general election.
In September 2021, the Biafra agitator and secessionist denounced Nigeria and vowed to return the medal he won for the country at the 2003 African Junior Athletics Championships.