Aliko Dangote has not given up on his plan to acquire Arsenal. The Nigerian reportedly worth $10.9bn says he plans to take over the club by the end of the decade.
Dangote stated last year that he was prepared to pay any sum to take ownership of the Premier League club away from Stan Kroenke.
Dangote, a lifelong Arsenal fan whose fortune is largely tied up in Dangote Cement, is reported to have lost $4.4bn this year due largely to the depreciation of Nigeria’s currency
But the 59-year-old says he still plans to complete a takeover of the Gunners before the end of the decade once his latest ventures in gas pipelines and an oil refinery have developed.
“Maybe three to four years,” he told Bloomberg Television when asked when he intended to buy the club. “The issue is that we have more challenging headwinds. I need to get those out of the way first and start having tailwinds. Then I’ll focus on this.”
Dangote believes his success in the business world proves he is the right man to transform Arsenal’s fortunes, after years of relative stagnation under Kroenke and manager Arsene Wenger.
“It’s not about buying Arsenal and just continuing with business as usual,” he said. “It’s about buying Arsenal and turning it around.
“I’ve run a very successful business and I think I can also run a very successful team. Right now, with what we’re facing, over 20billion dollars of projects, I cannot do both.”
Kroenke, who has been criticised by fans for a perceived lack of interest in the team’s on-pitch successes, increased his majority shareholding to 67.05 per cent in May.
Alisher Uzmanov, the Russian billionaire who owns a 30.04 per cent stake in the club, moved to deny rumours last month that he was considering selling his shares, insisting that he sees the Gunners as “a long-term investment for family and future generations”.
Arsenal, who dispatched Nottingham Forest 4-0 in the EFL Cup on Tuesday, have won three, drawn one and lost one of their opening five Premier League games this season.

Tragedy struck at the Ogoja Market, LASU-Igando Road, Lagos State, after operatives of the Special Anti-Robbery Squad shot dead an undergraduate of a polytechnic in Edo State, Eldanojie Joseph.
The 20-year-old business administration student was said to be on a visit to his cousin, Friday Ojah, who lived on Alape Street, Iba Ojo, when he was hit by a stray bullet.
PUNCH Metro learnt that the operatives were chasing a suspected Internet fraudster, identified as Badoo, who had parked his car and fled upon sighting the officers.
The operatives were said to have started shooting sporadically.
The Esan, Edo State indigene, who had reportedly gone out to buy a canned drink with his cousin, was hit by a stray bullet.
He was said to have died on the spot.
Our correspondent was told that the officers took Joseph’s corpse, dumped it in the boot of the suspected fraudster’s car and drove off.
The cousin, Ojah, told our correspondent on Thursday that the police, in order to cover up their misdeed, said Joseph was a cult member.
He explained that Joseph had only arrived in Lagos about three weeks ago.
He said, “We grew up and attended the same primary and secondary schools together. He gained admission into a polytechnic in Edo State, while I am still processing my admission into the same school.
“Around 9.30am on Monday, we strolled out to buy a can of soft drink. We were returning home when we learnt that some policemen were chasing somebody.
“We decided to go through the back of the market. As we turned back, my brother was hit by a bullet in the head and he fell down immediately.
“As I tried to call for help, I saw that the policeman that shot him had aimed his gun at me. I fled the place immediately.”
He said the officers put the corpse in the boot of the car left by the suspected fraudster and drove away.
PUNCH Metro gathered that the corpse was taken to the SARS headquarters in Ikeja, from where it was taken to a morgue.
Our correspondent was told that the SARS team that conducted the operation alleged that the victim was a cult member and he had attempted to shoot at them when they fired back.
“But it was all lies. He only had the canned drink we bought, a phone charger and a handset on him when the incident happened. The police lied to cover up their misdeed,” Ojah added.
The policemen on the team that killed the victim were identified as Lucky, Oganla.
A legal practitioner and family friend of the victim, Saheed Sanni, decried the killing, saying the policemen must be arrested and brought to book.
He said, “Cases like this, involving SARS officers, have become rampant in the state. They kill with impunity and believe they can always get away with it. Whereas Section 33 of the 1999 Constitution protects the sanctity of human lives and prescribes punishment for violation of that sanctity. You cannot just take anybody’s life without a court order or judgment. We are taking up the case and justice must be done.”
The Police Public Relations Officer, SP Dolapo Badmos, said she had yet to be briefed on the incident, adding that she would get back as soon as the Officer-in-Charge of SARS briefed her.
She said, “The OC SARS has yet to brief the command on that issue and he has been directed to do so. I will get back as soon as I have the facts of the case.”

In a hurry to submit their answer booklets to invigilators, some candidates forget their expo (materials used for examination malpractice) in the booklets, the West African Examination Council has said.
 The council also noted that some other candidates use different answer booklets from its authorised copies.
Its Public Relations Officer, Mr. Demianus Ojijeogu, who confirmed this in an interview with our correspondent, however, added that the council had reduced the incidence of impersonation in its examinations through its biometric registration process
He said, “We encounter malpractice during the examination and during marking. Some leave the expo in the answer booklets. We see that all the time. Others use other answer booklets different from the council’s own. But, we discover these things during marking because the booklets do not have our serial numbers and they are not usually signed by the supervisors. Supervisors usually sign the booklets before they are given to the candidates.
“We have been able to handle impersonation through our biometric process but there is still collusion where candidates will copy exactly the same answers usually dictated by a teacher. We have our invigilators but the number is limited.  When you leave the centre or before we get there, they will do what they want.”
He added that the council was still dealing with challenges of collusion, which involved teachers aiding candidates during examination.
Ojijeogu, who said that some candidates harassed supervisors, noted that the development had forced the council to adopt a more discreet approach in making announcements regarding examination malpractice.
“We no longer make noise about examination malpractice because examination supervision is a hazardous job. When candidates engage in malpractice, we just take their number and they fill a form. Some of our workers have been held hostage, female supervisors have been harassed. It is a hazardous job,” he added.

Internationally recognized music legend, King Sunny Ade kicked off his 70th birthday celebration at his home town in Ondo state with family and friends.

After a prayer session, he moved home with his family to continue with the celebration, where he received a huge portrait of himself as gift. Check out more photos...

President Buhari sent his heartfelt message to the veteran act in a statement by his Special Adviser on Media and Publicity, Mr Femi Adesina, saying King Sunny Ade had brought pride to Nigeria.

Nigeria's male barbie Okuneye Idris Olanrewaju aka Bobrisky and most popular Nigerian on Snapchat has granted a no holds barred interview where he revealed five things about his ‘BAE’, explained how he’s not GAY and will definitely love to get married when he finally relocates from Nigeria.

The interview happened yesterday at Thenetng headquarters in Lagos. Press play to watch the 23 year old accounting graduate from the University of Lagos also explain how he became Bobrisky after the cut.

Powered by Blogger.