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CAF President, Ahmad Ahmad Banned for Five Years

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The head of Confederation of African Football (CAF), Ahmad Ahmad, has been handed a five year ban from football by Fifa, following an ethics investigation by the world football governing body.

Fifa announced the decision in a statement which said Ahmad had been found wanting in transparency by the independent Ethics Committee.

Ahmad, who had intended to contest an election in March that would see him remain in office if wins, was found guilty of offering and taking bribes, and misappropriation of funds.

“The adjudicatory chamber of the independent Ethics Committee found him guilty of having breached art 15 (Duty of loyalty), art 20 (offering and accepting gifts or other benefits) and art 25 (Abuse of position) of the 2020 edition of the FIFA Code of Ethics, as well as art 28 (Misappropriation of funds) of the 2018 edition,” the statement said.

In 2019, former CAF general secretary Amr Fahmy, who died earlier this year from cancer, had sent a document of corruption allegations against Ahmad to Fifa, but was dismissed.

According to Reuters, the document, sent March 31, 2019 by Fahmy, accused Ahmad of ordering his secretary-general to pay $20,000 bribes into accounts of African football association presidents, who included Cape Verde and Tanzania.

Among the allegations contained in the document is that Ahmad made CAF to spend an extra $830,000 by ordering equipment via a French intermediary company called Tactical Street. He was also accused of harassing four female CAF staff, whom it did not name, violating status to increase Moroccan representation within the organization, and over-spending more than $400,000 of CAF’s money on cars in Egypt and Madagascar, where a satellite office were set up for him.

The document, though it cost Ahmy his job, instigated a lot of interest into how Ahmad was running the African football business.

In June 2019, French authorities, the OCLIF, the French police agency fighting financial crime and corruption, questioned Ahmad on allegations of corruption after he was taken from his hotel, according to French media reports.

Two months after his interrogation by OCLIF, Fifa general secretary Fatima Samoura was made ‘general delegate’ for Africa and took control of a large part of CAF’s affairs.

The development was followed by a review of the football body’s finances in February, by Price Waterhouse Cooper (PWC). The finance organization, in its report, criticized how CAF had managed its funds. Reuter reported PWC saying in its 55-page report that “the accounting records of CAF are unreliable and not trustworthy”.

The documents reviewed showed several red flags and pointed to financial irregularities and abuse of power.

“Given the serious nature of certain findings and red flags identified from the preliminary due-diligence, we cannot rule out the possibility of potential irregularities,” the report said.

It was based on these findings that the Fifa Ethics Committee launched a full investigation, and consequently found Ahmad guilty of corruption.

The adjudicatory chamber found that Ahmad had breached arts 15, 20 and 25 of the current edition of the FIFA Code of Ethics, as well as art 28 of the 2018 edition, and sanctioned him with a ban from all football related activity at both national and international level for five years. He was also fined 200,000 Swiss francs.

Mr. Ahmad was notified of the terms of the decision on Monday, November 23, 2020, the day the ban took effect. He will be further notified of the full motivated decision in the next 60 days, after which it will be published in Fifa’s website, in accordance with art 78 par.2 of the FIFA Code of Ethics.

The development only underscores the underlying problem of corruption in football, particularly in Africa. Former CAF president Isa Hayatou ended his 29-year reign tainted by corruption allegations, in 2017. At that time, Fifa president Sepp Blatter was sitting at the helm of affairs full of allegations of corruption.

Blatter was banned from football in 2015 over a 1.6m pounds payment to the then Uefa president, Michel Platini, who was also banned.

A string of other Fifa power brokers in the executive committee were also indicted for alleged corruption in the US Department of Justice criminal proceedings, and some were banned by Fifa’s ethics committee.

Hayatou’s dent came through a FR100,000 payment he received from the marketing company ISL, which was found guilty of serial bribe payment to Fifa officials. He admitted receiving the money but justified it. He said the fund was used to celebrate CAF’s 40-year anniversary in 1997.

It was part of the corruption series and rumors that spurred the continent to source a credible candidate who will challenge Hayatou’s dynasty.

Therefore, while Ahmad had seemed the underdog in the 2017 election, the astounding support he gained within a short time was a clear statement that African football had had enough of Hayatou.

Unfortunately, barely three years into his reign, Ahmad has proved far worse than Hayatou. His actions have created a situation that once again, puts the integrity of African football under serious question.

Now At Amazon: Seizing Our Singularity Future: An Entrepreneur’s Guide

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The new book, Seizing Our Singularity Future: An Entrepreneur’s Guide, is ready. You can buy at Amazon here. The essays on this volume were developed for a course on “Exponential Technologies and Business Opportunities in the Age of Singularities” by Transdisciplinary Agora For Future Discussions Inc., (TAFFD’s), for the Tekedia Institute as part of a Mini Masters of Business Administration program (mini MBA). The following Tekedia Faculty are contributors: Gennady Stolyarov II, Chogwu Abdul Ph.D , Brent Ellman, and Edward Hudgins Ph.D. The book foreword was written by Thomas Ernest Ross Jr. 

You can read it free via Kindle Unlimited.

In the coming weeks, Tekedia Institute will publish a new book, Personal Finance and Wealth Management, which is also coming from a course in our program.

A Potential Redesign in Nigeria’s Refinery Business

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This is a big deal: Britain plans to ban the sale of fossil-fueled cars by 2030 and phase out hybrids by 2035. The implication is this: from 2035, if they follow through, no one can make cars with petrol in the United Kingdom. In the United States, the success of Tesla has shown that Wall Street has made a decision: the future is electrons, and not carbons, when it comes to automobiles. In China, companies like NIO are changing the ordinance of the competition.

Britain will ban the sale of new gasoline and diesel cars by 2030, a decade earlier than its previous commitment, the prime minister said Tuesday. Boris Johnson made the pledge as part of plans for a “green industrial revolution” that he claims could create up to 250,000 jobs in energy, transport and technology.

The government said sales of new gasoline and diesel cars and vans will end in 2030, though hybrid vehicles can be sold until 2035. The plan is five years more ambitious than the one announced by California’s governor in September, which will see the sale of new gas-powered passenger vehicles banned from 2035.

Automakers have expressed concern about the target, saying the previous goal of 2040 was already ambitious

Today, the founder of Tesla, Elon Musk, can buy Porsche, Ferrari, Renault, Peugeot, Aston Martin and Fiat with the portion of Tesla he controls; I did not say Tesla could afford. What that means is that Tesla has grown in value and has morphed into the types of multiples you see in software companies.

As I have noted, I see Tesla as the only current “automobile” company in the world that has a clear playbook to make, possibly, more money on software and services than actually on sales of metals packaged as cars. First, the company is piling tons of money from regulatory credits: “In their most recent shareholder update, Fiat Chrysler Auto disclosed that as of March 31, 2020, its agreements represent total commitments of €1.1 billion”. Yes, that was how much Tesla made from FCA for selling credits which could have expired!

The Legends of Pioneering Entrepreneurs

Yet, while the world is moving to EV (electric vehicles), nations like Nigeria cannot adjust that fast since we do not even have electricity to charge smartphones yet. So, expecting that we can power these EV systems would be an illusion. 

But here is the hard question: if the world’s leading governments ban selling of petrol cars, and with nations like Nigeria not having the purchasing volume to convince the automakers to keep making them, what would you think is the future of investing in refinery business in Nigeria today?

Sure, the next 25 years should be fine, but what happens after that if Toyota, Ford, Honda, etc are no more interested in producing petrol cars since the core markets that make them necessary and profitable have banned them? Likely, they will not be running those plants for countries like Nigeria since we do not buy a lot of new cars. More than 17 million new cars are sold in the U.S. yearly. Though data is scanty, I do not think Nigeria buys more than 200,000 new cars in a year.

Second only to China, the United States is one of the world’s largest automobile markets based on the number of new light vehicle registrations, with around 17.2 million new light vehicle registrations in 2018. However, of the 70.5 million passenger cars produced worldwide in 2016, less than three.
Today, we are aware that Nigeria is supporting a new refinery in Niger Republic, and there is also a new one which will be commissioned somewhere in Imo state. If this global shift to EV happens, what would be the game plan for investors in these refineries? Sure, besides fuel for cars, refineries offer other by-products. Yet, the biggest by-product remains petrol.
This redesign is global; before the pandemic, Europe has seen many refineries go down.
Europe refinery closure

What is a Good Essay Writing Service?

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If you are looking for a good online essay writing service, you probably know how challenging and difficult creating a winning college essay can be. It takes a lot of time. It takes a lot of focus and energy. It takes professional writing skills. 

Thankfully, nowadays you don’t have to do everything on your own. You can go to your browser, open the Google search bar, and type there “help me write my essay cheap for me’’, “buy dissertation now” or anything like that. Of course, you’ll see tons of results in Google. And many companies like RushEssay may seem to be ok. But how do you actually find the best essay writing service that will never let you down? 

That’s why we’ve created this review of Aplusessay.com for you to help you find trustworthy and at the same time affordable and fast paid essay services to meet all your college paper needs. 

Essay Writing Service that Is Recommended and Top Rated by American Students

If you are on the hunt for an A+ essay, a reliable online essay writing service on Aplusessay.com is going to be the best choice for you. And here’s why. 

  • They offer you quick and high-quality assistance with any assignment that may be a reason for your headache. Their academic experts are always willing to go the extra mile to make sure you get the best papers that are well-written, properly researched, have all the needed arguments, and sound concise, convincing, coherent. That is the reason they are called Aplusessay.com. That’s because every time you turn to them for the professional assistance they strive at delivering you an A+ essay that is completely original and matches all your unique requirements. 
  • The reason why they can offer you quick and at the same time 100% professional help without compromising on the quality of essays is that they hire the best writers in the industry from the USA, Australia, Canada, and other English-speaking countries. Each writer is requested to complete an insane amount of tests and quizzes before they are allowed to join the team. This way, the service makes sure you always get the best quality essays you deserve. 
  • With Aplusessay.com, you always get the best bang for your back. That’s why thousands of students choose them as their dedicated online essay service every time they need to get the best essay for their money. Aplusessay.com can boast of 300,000+ successfully completed orders, 12 years of expertise in the industry, and hundreds of positive testimonials from students all across the US and other countries as well. 
  • They offer you free samples to check the quality of their work. So you can make a well-informed decision before y order your essay online from them and start using their services. Free samples are available in many disciplines. Free free to ask their support team to send them to your email. Just take into account that you are not allowed to use these essay examples in your own work. That’s because these essays are already used and probably are in the Turnitin database. So your tutor will find that easily and accuse you of plagiarism. Not a great situation to be in, right? Instead, ask pros from Aplusessay.com for expert essay help. And forget about your essay writing headache once and for all. 
  • Most trusted and reliable essay writing service on the web. Why should you trust them? They don’t ask you to take their words for granted. Though their great testimonials and the number of successful order can speak for themselves, on top of that Aplusessay.com offers you a solid package of awesome guarantees. That’s not what all the lame essay writing services can do. Experts at Aplusessay.com are so sure and confident in their expertise that they have nothing to worry about. Every time they offer you a money-back guarantee, they mean it. And 97% of students never ask for it once they receive a matchless essay from them that deserves the best score and praise from their tutors. 
  • Really reasonable prices. To knock you off the fence, Aplusessay.com has the most reasonable prices for you in the industry. Be it a college essay, research paper, or a lengthy dissertation they can offer you really cheap prices for their top-notch writing assistance. Many freebies and cool discounts are available as well. If you want to make the prices even more pocket-friendly, just make sure you always place your orders in advance, not at the last moment. In this case, the prices are going to be even cheaper than usual.  

So now you know a lot about Aplusessay.com and how they work. Isn’t it a high time to give it a shot and see how it is going to work for you? 

Week 16 Session

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Notes: None Tekedia LIVE  Wed | 7pm – 8pm | Cloud Computing Strategy for SMEs, Startups – Oyaje Idoko, CEO, Layer3  | Zoom link Thur | 12noon – 1pm | Sustainability Innovation  – Temitayo Ade-Peters, CEO, We For Good  Ndubuisi Ekekwe| Zoom Link Sat | 7pm – 8pm | Recession Playbook, General – Ndubuisi Ekekwe | […]

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