Tag Archives: N40 Million

Nigeria League Winner To Get N40 Million

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Champions of the 2015/16 Nigeria Professional Football League (NPFL) season stand to win N40 million from the Merit Award of the League Management Company (LMC).

Rangers International of Enugu and Rivers United of Port Harcourt are the two clubs in contention for the big prize money.

The reward is from a total of N200 million pool the LMC has set aside as reward for final positions on the league table at the end of the season on Sunday.

Last season, the highest payout from the Merit Award, which went to Enyimba International, was N30 million from a total pool of N150 million. This year’s total figure of N200 million represents an increase of 25% over last year’s.

The Merit Award pool has been increasing annually, from N50 million in 2012/13 to N75 million in 2013/14 and now N200 million.

The top three clubs on the final table usually received the chunk, which supports the clubs’ preparation for the CAF Club competitions the next season.

According to figures released by the LMC, the champions will have received a minimum of N90 million in all direct payments for the 2016 season.

This includes the Basic Award, which comprises pool of funds shared equally by the 20 participating clubs; the Merit award paid to clubs based on their final position on the table, and the Football development award.

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EFCC Arraigns Senior Air Force Officer For Allegedly Receiving N40 Million, Landrover Bribe

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The Economic and Financial Crimes Commission (EFCC) on Thursday arraigned, AVM Rufus Ojuawo, in an FCT High Court, Apo, for collecting N40 million gift and a Range Rover sports car from Hima Abubakar.

Mr. Ojuawo, a former Director of Operations, Nigerian Air Force, was arraigned before Justice Mahawiya Idris on a two-count charge.

The charge says Mr. Ojuawo while in office in March, 2015, accepted a gift in the aggregate sum of N40 million from Abubakar of Societe D’ Equipments Internationaux Nig. Ltd.

It stated that the defendant also received a Range Rover Sports Supercharged car valued at N29, 250, 000 from Mr. Abubakar, who was a contractor with the Nigerian Airforce through Coscharis Motors Ltd.

The offence contravenes Section 17(a) of the Independent Corrupt Practices and other related Offences Act, 2000 and punishable under Section 17(c) of the same Act.

The defendant pleaded not guilty to the charge.

EFCC counsel Francis Jirbo applied for a date to open his case, and urged the court to remand Mr. Ojuawo in prison custody.

But Defence counsel, Ralph Ojabo, opposed the application, saying that he had an application for bail dated June 3 pending in the court.

Credit: PremiumTimes

Abductors Of Bayelsa Commissioner Demand N40 Million

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Abductors of the Bayelsa Commissioner for Local Government, Serefina Otazi, have demanded a ransom of N40 million,? the? family said.

Ms. Otazi, was abducted at gun point on December 20 in Otuoke on her way to Ewoi Community in Ogbia Local Government Area for funeral.

A member of the family, Endurance Frank, said in a telephone interview on Tuesday that the kidnappers had contacted the family and demanded N40 million to free the victim.

Mr. Frank said the family was relieved to hear from Ms. Otazi and appealed to the kidnappers to free her unconditionally.

Ms. ?Otazi ?had served as Commissioner for Women Affairs and Acting Chairman of Ogbia LGA.

Credit: PremiumTimes