Tony Elumelu moves to acquire football club

News Express |9th Apr 2024 | 5,683
Tony Elumelu moves to acquire football club

Tony Elumelu




Billionaire banker and Chairman of United Bank for Africa, Tony Elumelu, has described the possibility of acquiring one of the local clubs of the Nigeria Professional Football League as a nice idea.

Elumelu made this known on Monday via his X (formerly Twitter) handle.

Thebillionaire businessmanwas reacting to an X users suggestion that top businessmen and top corporations should acquire the Nigeria league clubs to drive competition.

Earlier on Tuesday, the X user, LawyerDayo, said, Can we get the President and Ministry of Sport to weigh in on the big corporations in Nigeria to buy at least one league club as part of CSR? Imagine Dangote buys Kano Pillars, BUA buys Kwara United, Elumelu acquires Rivers United, and Geregu takes over 3SC. Imagine the competition.

Replying to the suggestion, Elumelu, via his account, confirmed that the Federal Government, via the Sports Minister, had reached out to him for a possible acquisition of certain NPFL clubs and they were working on it.

He said, This is a nice idea. The Sports Minister, Senator John Enoh @OwanEnoh, is already thinking along this line and has approached me and we are already evaluating viability.

The NPFL is the highest level of club football in the Nigerian football league system.

Like many others, the league has suffered from the financial impact and dwindling fortunes since the late 2000s. (Courtesy, excluding headline, The PUNCH)






Comments

Post Comment

First overseas gold production project to start in Niger: Minister

First overseas gold production project to start in Niger: Minister

Terrorist turf war battle in north-eastern Nigeria leaves about 200 dead

Terrorist turf war battle in north-eastern Nigeria leaves about 200 dead

CAF releases 5 key match rules as Nigeria takes on Gabon in 2026 World Cup Playoff

CAF releases 5 key match rules as Nigeria takes on Gabon in 2026 World Cup Playoff

Chinese worker fired after walking 16,000 steps on a sick leave day, wins compensation

Chinese worker fired after walking 16,000 steps on a sick leave day, wins compensation

The Royal Netherlands Air Force has confirmed the deployment of 12 of its F-35A stealth fighters to the United States

The Royal Netherlands Air Force has confirmed the deployment of 12 of its F-35A stealth fighters to the United States

President Yoon on charges of aiding an enemy state

President Yoon on charges of aiding an enemy state

Thailand ‘halts’ peace agreement with Cambodia hailed by Trump after landmine explosion injures troops

Thailand ‘halts’ peace agreement with Cambodia hailed by Trump after landmine explosion injures troops

Syria to join US-led coalition to defeat IS group after Trump meeting

Syria to join US-led coalition to defeat IS group after Trump meeting

Abducted brothers escape as kidnappers sleep off after demanding N22m ransom

Abducted brothers escape as kidnappers sleep off after demanding N22m ransom

Tears, outrage as taskforce vehicle crushes two to death in Imo

Tears, outrage as taskforce vehicle crushes two to death in Imo

Kidnappers open fire on moving vehicles in Kwara

Kidnappers open fire on moving vehicles in Kwara

Ex-President Shehu Shagari’s wife is dead

Ex-President Shehu Shagari’s wife is dead

Boko Haram out to Islamise Nigeria, not to unleash genocide against Christians — NHRC

Boko Haram out to Islamise Nigeria, not to unleash genocide against Christians — NHRC

Deceased Oyo teacher had cancer of the bone marrow, not beaten by students — Govt, NUT clear air on fake news

Deceased Oyo teacher had cancer of the bone marrow, not beaten by students — Govt, NUT clear air on fake news

MOWAA storm: Edo govt disowns foreign envoy's visit

MOWAA storm: Edo govt disowns foreign envoy's visit

Historical mistrust, land-grabbing, banditry driving violence in North-Central — Presidency

Historical mistrust, land-grabbing, banditry driving violence in North-Central — Presidency

Alleged certificate forgery: UNN, VC, others pray court to reject suit by ex-Minister Nnaji

Alleged certificate forgery: UNN, VC, others pray court to reject suit by ex-Minister Nnaji

Nigeria’s democracy under threat from electoral fraud, apathy — Ex-Govs Dickson, Amaechi

Nigeria’s democracy under threat from electoral fraud, apathy — Ex-Govs Dickson, Amaechi

Missing BUK student re-unites with family after four years

Missing BUK student re-unites with family after four years

Ibadan Circular Road Corridor: Residents block roads, stage peaceful protest

Ibadan Circular Road Corridor: Residents block roads, stage peaceful protest

Tuesday, November 11, 2025 9:12 AM
ADVERTISEMENT

Follow us on

GOCOP Accredited Member

GOCOP Accredited member
logo

NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.

Contact

Adetoun Close, Off College Road, Ogba, Ikeja, Lagos State.
+234(0)8098020976, 07013416146, 08066020976
info@newsexpressngr.com

Find us on

Facebook
Twitter

Copyright NewsExpress Nigeria 2025