Moody’s makes buy-side fintech, climate risk acquisitions

first_imgMoody’s Corporation has acquired RiskFirst, a UK fintech company providing risk analysis solutions for asset managers, asset owners and consultants.A day earlier it announced having taken a majority stake in Four Twenty Seven, a California-based company providing data and analysis related to physical climate risks – risks linked to the impact of climate change itself as opposed to efforts to contain it.The acquisitions are for two different parts of Moody’s as a company. The RiskFirst acquisition is for Moody’s Analytics while the deal with Four Twenty Seven is for Moody’s Investors Service, the credit rating and research arm. RiskFirst’s oldest product is the PFaroe platform, which helps manage asset and liability risk in defined benefit (DB) plans, mainly in the US and UK. According to Moody’s it is used by over 3,000 plans with more than $1.4trn (€1.3trn) in assets. “Adding RiskFirst’s platform to Moody’s Analytics’ product offering creates significant opportunities for growth and demonstrates our commitment to extend our reach and capabilities to the buy-side and asset owner community,” said Mark Almeida, president of Moody’s Analytics, in a press release. The terms of the transaction were not disclosed. RiskFirst generated £16.5m (€18.4m) of revenue in 2018. Four Twenty Seven, meanwhile, will be an affiliate of Moody’s Investors Service, continuing to operate under its existing brand. Moody’s said the transaction would strengthen its research on incorporating climate risk into economic modelling and credit ratings, and complemented its recent acquisition of a majority stake in Vigeo Eiris.Emilie Mazzacurati, founder and CEO of Four Twenty Seven, said: “Moody’s global coverage and analytical capabilities, combined with Four Twenty Seven’s comprehensive climate risk data and intelligence, provides an ideal path to continue our work helping market participants integrate potential climate impacts into risk management and investment decisions.”DWS, one of the first asset managers to go public about its work and stance on physical climate risk, worked with Four Twenty Seven to develop its approach.The narrative about investment and climate change has been dominated by the concept of transition risks rather than physical risks, but the latter have begun to grab more attention.According to Schroders, another asset manager that has warned about overlooking physical climate risks, the world is on course for a long-term temperature rise of 3.8°C above pre-industrial levels – far from the target set under the Paris Agreement.National commitments to net-zero greenhouse gas emissions – recently adopted by the UK and France, for example – stood in contrast to sharp growth in energy produced by fossil fuels, it said.last_img read more

AUDIO: Hillary Kieft on Newstalk ZB re parental notification

first_imgHillary Kieft talks to Newstalk ZB’s Mike Hosking about her petition to change the parental notification laws (28 Aug 2015)Audio Player00:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.last_img

ICC World Cup Vijay Shankar finally opens up about Ambati Rayudu’s Twitter dig at him

first_imghighlights Vijay Shankar gets injured ahead of warm up clash against New Zealand.India will play South Africa in first league game. Rishabh Pant and Ambati Rayudu are named as the back ups.  New Delhi: India’s middle-order batsman Ambati Rayudu, who was in the set up since West Indies series last year was clearly hurt when he was not picked for the World Cup 2019. The selectors opted for Vijay Shankar instead and mentioned that they’d try the all-rounder at number four position. Right until the end of last year, Rayudu was a frontrunner for this position.Skipper Virat Kohli even mentioned that they’d pick the 33-year-old in the World Cup squad. Therefore, to focus better on limited-overs cricket, he even announced his retirement from red ball cricket. However, things did not pan out as per the plans for the Hyderabad batsman. He lost his touch at the beginning of this year and had tough times in the ODI series he played in 2019.Rayudu struggled both in Australia and New Zealand as well as in the home series in India. Except for a 90 that he scored in New Zealand, there wasn’t any notable performance from him. Thus, the selectors were forced to axe him from the squad and named him a backup player instead. This clearly hurt the feeling of Rayudu and he tweeted that he ordered 3D glasses taking a dig at the selectors as MSK Prasad had termed Vijay Shankar a 3D cricketer.Here’s the Tweet:This tweet from Ambati Rayudu has created quite a stir on social media. Fans were left in splits and it all caused a huge uproar. Many felt that the right-handed batsman targetted the cricketer from Tamil Nadu. However, in a YouTube show named ‘Breakfast with Champions’ hosted by Gaurav Kapoor, Shankar defended Rayudu and said the tweet wasn’t intended at him.”I know for the fact that how a cricketer would feel if they are not being picked. I can understand from a player’s point of view. And I know for the fact that he didn’t mean it to me. It was just that he put that tweet for the sake of it. I can understand the situation in which he was. It is fine for any cricketer,” said Vijay Shankar answering the question about how he felt about this tweet.center_img For all the Latest Sports News News, ICC World Cup News, Download News Nation Android and iOS Mobile Apps.last_img read more

The Latest: London mayor says too early to resume soccer

first_imgThe German league also says it will stop publishing centralized statistics for its coronavirus testing program and will leave that up to the clubs.___The Danish soccer league will resume on May 28 with games in empty stadiums.The league has been suspended since March 9 because of the coronavirus outbreak.The first game will be between AGF and Randers to complete the 24th round. The 25th round will start on May 29. The meet had been scheduled for July 4-5 at the Olympic Stadium.British Athletics says “the decision has been made in light of the ongoing global pandemic.”___World Cup winner Giuseppe Bergomi says he had COVID-19.The former Italy defender says that for 20-25 days beginning in early March his back was in so much pain that he couldn’t sit down. Bangladesh, Ireland, the Netherlands, Pakistan, Papua New Guinea, Sri Lanka, Thailand, the United States, the West Indies and Zimbabwe were to play in the tournament in Sri Lanka from July 3-19 and three were to qualify.The International Cricket Council has not set new dates.The Women’s World Cup is in New Zealand in February and March.___More AP sports: and,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 Share This StoryFacebookTwitteremailPrintLinkedinReddit The Latest on the effects of the coronavirus outbreak on sports around the world:___London Mayor Sadiq Khan says he believes it is too early for the Premier League to be planning a resumption of the season amid the coronavirus pandemic. Premier League clubs Arsenal, Chelsea, Crystal Palace, Tottenham and West Ham all play in the capital.The mayor’s office says the league should resume only “when it is safe to do so.”British Prime Minister Boris Johnson said Monday that sports events in the country could resume in June if there is not a new spike in COVID-19 infections.Liverpool led the league by 25 points with nine games remaining when the league was suspended in March.___ Associated Press ___German soccer clubs will decide whether to adopt a rule change to increase the number of substitutions when they meet by video conference on Thursday.The International Football Association Board agreed last week to let teams use two extra substitutes per match in 2020. That should help leagues clear a backlog of games created by the coronavirus pandemic.Leagues can choose whether or not to adopt the rule change.The German league is scheduled to restart on Saturday.center_img The Latest: London mayor says too early to resume soccer All games in the 26th and final round will be held on June 7. The playoffs will follow with the season scheduled to end on July 29.The league says games will take place at various times during the daytime and evening “so that as many matches as possible are made available to football fans” while stadiums are closed.FC Midtjylland leads FC Copenhagen by 12 points at the top of the standings.___The Diamond League event in London is the latest track meet to be canceled because of the coronavirus pandemic. FIFA has rescheduled two women’s events for next year and will hold its 2020 annual meeting online.FIFA says the Under-20 Women’s World Cup in Costa Rica and Panama will start on Jan. 20 and the Under-17 Women’s World Cup will be in India from Feb. 17.Both 2020 tournaments were postponed in April because of the coronavirus pandemic.FIFA says both tournaments will retain their eligibility rules. The same players can be selected even if they have a birthday early in 2021.The FIFA Congress was due to be held in Addis Ababa, Ethiopia, on Sept. 18 but will now be an online event. May 12, 2020 He adds in an Instagram chat that he felt constantly weak.The 56-year-old Bergomi says he has recovered.Bergomi played for Inter Milan and is now an analyst for soccer matches on Italy’s Sky TV. He helped Italy to the 1982 World Cup title.___The qualifying tournament for the 2021 Women’s Cricket World Cup has been postponed because of the coronavirus pandemic.last_img read more

Lagos Pledges Support as 7th Greensprings/Kanu Football Camp Begins

first_imgImpressed with the organisation and the impact the annual Greensprings/Kanu Football Camp has had on grassroots football; the Lagos State Sports Commission has pledged its support to the organizers of the clinic.From today April 8, hundreds of students across Nigeria will converge at the Lekki Campus of Greensprings School, as the 7th edition of the football camp begins under the watchful eyes of coaches from England and Netherlands, supported by their Nigerian counterparts.According to the Executive Chairman of Lagos State Sports Commission, Kweku Tandoh, the management of Greensprings School should be commended for the initiative as well as the lives of young people the camp has touched positively.“It is a very good initiative and it has been on now for about 7years. For the camp to have gone this far, shows that it was well thought through and we can see the results of the program over the years. Lagos State especially has benefited a lot from the camp in terms of talent development and identification. For us, it also typified the path we want to follow; that is developing sports and education and ensuring that we are combining sports and education for our athletes because we want them to have a life after sports. There is no better guarantee than having an educational foundation. We are pleased with the camp and we are happy that it is going on so well and success stories are all over. We have two of the scholarship recipients presently in the Nigerian U-15 national team. It is a good program and we must commend Greensprings Schools for this initiative.For the Head of Corporate Strategy, Greensprings School, Uche Ogbu, this year’s camp promises to be very exiting and impactful for the participants.“This year’s camp is the 7th edition and it can only get better with the foreign coaches coming. We look forward to a time where our own coaches from Lagos state will be handling the camp and that is why we add the Train-the-Trainers session to the camp where the foreign coaches train their local counterparts and give them the basic coaching skills,” Ogbu said.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Wisconsin track tune up at Shell

first_imgComing off successful performances last week, where seven Badger runners qualified for the NCAA Indoor Championships, Wisconsin looks to continue its success at the Shell this weekend.The Badger Invite will be the last chance for Wisconsin to participate in a meet before running at the Big Ten Indoor Championships next week.According to head track coach Ed Nuttycombe, the team looks solid heading into Saturday’s meet.“I think between the two of them (Washington Husky Classic and Iowa State Classic) we made a lot of progress,” Nuttycombe said. “We’ve still got a ways to go but we definitely made some progress.”One of the runners who qualified for the NCAA Championships last week was junior Nate Larkin, who clocked in a personal-best time of 7.91 seconds in the 60-meter hurdles.“Every time you think he’s gotten to a level where maybe there isn’t a whole lot more there, he always finds a way to get better,” Nuttycombe said. “That’s my prediction — he will run faster.”At the Wisconsin Open, Larkin will be the top seed in the event, joined by fellow Badgers Ian Johnson and Adum Gross.Also competing for the Badgers will be the football team’s Kyle Jefferson, who will run in the 300-meter dash. Jefferson, a state champion in high school, is switching events from the 4-by-400 meter relay. During the transition, he believes his progress has been steady.“I’ve seen improvement from week to week,” Jefferson said.Joining the Badgers at the Wisconsin Open will be UW-Lacrosse, Beloit and several other local schools. In addition to facing smaller schools, the Badgers will benefit from running at their home track.“It’s an advantage because you can set things up to simulate situations that you want to mock for next week,” Nuttycombe said.Jefferson, who is a newcomer to the UW track team, also feels hosting the meet will be a factor.“All the people that I hang around that I call friends are going to be here supporting me because I know it’s important to them and they know it’s important to me,” Jefferson said. “To run at home, it’s always helpful to just build that much confidence before we take off and go to the Big Tens.”Jack Bolas will use the Wisconsin Open to prepare for the Big Ten Indoor Championships. Bolas, a two time All-American on the distance medley relay, ran in his first race last week after an injury. Despite running competitively for the first time all season, Bolas’ mile time of 4:01.19 provisionally qualified him for the NCAA Championships. Although Bolas had a solid start to the season, Nuttycombe feels Bolas can still improve before the Big Ten Indoor Championships.“He’s not quite where he needs to be or hopes to be but for his first race out, running 4:01, that’s awful good,” Nuttycombe said. “He’s got to use that to build on.”The women’s track team will also be competing in the Wisconsin Open this weekend. Leading the way for the team will be senior Gwen Jorgensen, who has already qualified twice for the NCAA Indoor Championships and has the second fastest mile in the Big Ten. The meet will also be the last chance to prepare for the women to prepare before heading to the Big Ten Indoor Championships.last_img read more

The cost of living close to campus

first_imgClick here to view this article with more media in our “It Takes a Village: USC and the Community” project package.Caroline Neubrand lives in Parkside Apartments, a building owned and operated by USC Housing. It’s a modest building. In her apartment, the sophomore media arts and practice major has a small kitchen and a window that overlooks the Parkside lawn, where student organizations often host events. But the building is not without downsides.“It’s old,” Neubrand said. “We don’t have air conditioning. We don’t even have a fan in our bathroom. And we have people come into our apartment regularly to fix things when we’re not here.”When Neubrand began to look into housing options for the next academic year, she was surprised by how much it would cost to live in Uuniversity-owned housing.“I was looking at the housing prices for next academic year. This exact room, which costs [$4,955 per semester] this year, would cost [$5,130] next year. For the exact same room,” Neubrand said.That sort of price increase isn’t limited to Parkside Apartments, or even to USC Housing. Over the next year, USC-owned apartments will see price increases in the hundreds of dollars across the board, and rental housing as a whole in University Park has undergone increases in price at a rapid pace. In the midst of a city whose apartments are becoming widely unaffordable, the USC area is facing even greater rent hikes.Paying for proximityA December report from housing rental website Zumper found that in 2015 the average rent increased by over 15 percent in the area surrounding USC, a “hip and upbeat young neighborhood” they called Congress North. This was relative to an 11.6 percent average increase across the city of Los Angeles. An analysis by Rentcafe, a housing rental website, found that the ZIP code 90007 around USC was the second-most expensive ZIP code for rentals in Los Angeles County for 2015 — even more expensive than the booming South Park neighborhood, which includes the area around the Los Angeles Convention Center, Staples Center and L.A. Live. The only more expensive area for rentals was in Santa Monica, in the vicinity of Santa Monica College.To make the difference even starker, ZIP code 90018, which lies just west of 90007 and features similar demographics to the USC area but lacks a university, was the fourth- least expensive for rentals for 2015, according to the same analysis. The boundary wraps around neighborhoods like Adams-Normandie and Jefferson Park.Both ZIP codes have median household incomes roughly half the county average of $53,000, and population densities are roughly the same in both, at around 17,000 people per square mile, according to the Environmental Systems Research Institute, a company that specializes in geographic data. But Rentcafe found that the average rent in the Adams-Normandie area amounts to $917. In adjacent University Park, that figure is $3,500, nearly four times as much.The difference is the University. Apartments near USC are marketed toward students; apartments in Adams-Normandie and Jefferson Park generally are not. Esri identified college students as the predominant demographic in University Park, making up roughly one-third of the population. In the Adams-Normandie area, nearly half the population is composed of young Hispanic families.Rising rates, shifting communityAllen Griffin isn’t a USC student, but he lives in the area. On a hazy Monday evening, Griffin stood on the corner of Adams Boulevard and Figueroa Street, waiting for a Metro Line 37 bus while preteens on skateboards performed tricks off a railing at Popeye’s behind him.In the line of sight from where he stood lay Lorenzo, West 27th Place and University Gateway, some of the most popular “luxury” housing offerings for USC students.Griffin moved into the USC neighborhood several months ago, so the newly heightened rents are the norm to him. But despite his short tenure in the area, he’s aware of the change.“Just talking to the neighbors and so on, they do see an increase,” Griffin said. “Some more than 15 percent. It just depends, and if somebody moves out and their rent is $700, then somebody moves in and they don’t know, the rent goes up to $800. No one really knows about that if nobody checks.”The rent increases Griffin mentioned, where one tenant pays more than the previous one, are something that in many places would be regulated by rent control laws. But in Los Angeles, those regulations are rapidly becoming less widespread. The city’s Rent Stabilization Ordinance applies almost solely to buildings constructed before 1979, and it only prevents landlords from rapidly increasing rents for current tenants — new tenants can be charged any amount more than what old tenants paid for the same space.California’s Ellis Act gives landlords the ability to evict all their tenants, renovate or rebuild their properties, and then start anew without rent control, meaning the RSOR.S.O. is losing ground more rapidly than it would naturally.Given all of this, landlords in the USC area typically get to charge the market price for their spaces — as much as potential tenants are willing to pay.Because USC students have more resources at their disposal  —  bolstered by student loans and parental incomes — they are more inclined to pay for higher-cost apartments. Students also have a much greater desire to live near the university than other community members would.Gary Painter, a real estate expert and professor at the USC Sol Price School of Public Policy, said that demand for student housing is the principal force affecting price in the area.“The simple story is that there is more demand in the rental housing market because of demographic pressures (a lot of millennial renters). There are 1000’s [sic] of units in the pipeline to be added, but they have not been added to the supply yet,” Painter said in an email to Daily Trojan. “The neighborhood near USC is well located near USC and downtown L.A. This puts even more pressure on prices.”Because of these market forces, non-USC community members, who are more price-sensitive and less picky about location, would likely choose to live in a nearby ZIP code where apartments cost four times less. This reduces the downward pressure on rents near USC and allows them to rise even more rapidly.Another contributor to the price increases is the “luxury” factor, where significant mixed-use developments build in amenities to attract students and market themselves as such. Lorenzo, for example, lists amenities like indoor basketball courts, a 100-seat movie theater, rooftop sundecks, a sauna, and a free shuttle to and from the USC campus on its website.Griffin, as a relative newcomer to the neighborhood, was surprised at the divide between student-oriented and community-oriented offerings in the area.“If you go north, south, east, or west of the University two or three blocks … it gets very different,” Griffin said. “The actual campus area … is really cool. It’s kind of clean down here on Figueroa. But once you go south of the campus, and a little bit north, and a little bit east, it changes. And that’s how it’s been. Ten years ago, I don’t know if we could be standing right here at the corner of Adams and Figueroa having this conversation.”A balance of costs and benefitsThe shift in the neighborhood atmosphere doesn’t solely benefit students. With programs spearheaded by its late President Steven B. Sample, USC has dedicated significant resources to improving the University Park and South Los Angeles communities in recent years, and that extends to housing as well. As part of the USC Village development, the University has “pledged to donate up to $20 million to the City of Los Angeles’ affordable housing fund,” according to Craig S. Keys, USC Associate Senior Vice President for Civic Engagement and Economic Development. The city’s website says the housing fund’s resources are put toward “long-term loans for new construction or for the rehabilitation of existing residential structures through an open competitive Call For Projects process.”The USC Village should lead to lower housing prices for students too, according to Keys. USC Housing currently provides residences for approximately 7,000 students, a number that has not fluctuated very much in the past five years. The under-construction USC Village will increase that number by about 2,700, which the University expects “should help drive down the cost of rent in the area,” Keys said.The effect that the Village may have will remain to be seen, as the mixed-use development is not scheduled to open until the fall of 2017. For now, students and community members alike face rapidly-increasing rents.As for Neubrand, she eventually decided to move to University Gateway next year because she felt it presented a better value than USC’s own offerings. But she remained dissatisfied with her options.“I know I can get better for cheaper in other places,” Neubrand said. “I’ve read reviews of University Gateway and Tuscany and The Lorenzo, and people have a lot of bad things to say. Why is apartment housing and university housing so expensive when there aren’t many good things to say about it?last_img read more

Football: Badgers look to set tone against South Florida

first_imgWith their season opener an away game in Tampa, Florida, against the South Florida Bulls, the Badgers are gifted a clear opportunity to demonstrate their prospects of a successful season. As an early season, out of conference opponent, the Bulls are certainly not the most talented team on paper that the Badgers will face all year. Despite this, they offer a strong test for what remains one of the more questioned areas of play for the Badgers: their defense.Last year, the Bulls managed to score an average of nearly 30 points per game despite going only 7-6 for the season. Furthermore, they return their veteran starting quarterback Blake Barnett for his senior season. Barnett poses an early threat to a Wisconsin secondary that was consistently marred by injuries last season as he will look to build upon an already impressive body of work that contains a stout average of 246 passing yards per game.Football: For Wisconsin secondary, motto has been “next man up”The Wisconsin defensive backfield has been decimated by injuries so far this season, but that has not been a concern Read…An offensive line that also returns many of their starters from last season will be there to protect Barnett, thus creating a dynamic offensive threat the Badgers will be forced to answer if they want to avoid the early season troubles that plagued them last year. If they are unable, Friday’s game may become a runaway scoring fest with the Bulls also struggling on the defensive side of the ball. During the back half of their season last year, they gave up an average of 38 points per game en route to six straight losses.Perhaps the most anticipated aspect of Friday’s competition is how Jack Coan, recently named the starting QB for the Badgers, will operate as the full-time starter. This season opener against South Florida is a desperately important one for the Wisconsin offense, as it is necessary to prove that they can function as a unit without leaning entirely on the talent of Jonathan Taylor and their offensive line.In their opening two contests last season prior to their loss against BYU, the Badgers did exactly that. Over the course of those games, the Badgers ground game accounted for over 60 percent of their total yards gained. This also included their performance against New Mexico, during which they rushed for 417 yards while gaining a measly 151 through the air. A balanced attack is critical to maintain long term success throughout the season, and the Badgers will have their first opportunity to prove they’re capable of doing so against the Bulls.Football: Jonathan Taylor’s record day gives UW 45–14 win over New MexicoWarming up took a few quarters in Madison Saturday, but Wisconsin found their second-half mojo, eventually thrashing New Mexico 45–14. Read…In order to come out on top not just against the Bulls but against higher-profile competitors throughout the season, the Badgers will have to show they can stop the air attack on one side of the ball and provide it on the other. Furthermore, they must show they can do it early. They failed to do so last year, and it led to their demise as a potential playoff contender. With Friday’s game against the Bulls, the Badgers are given a much-needed chance for a do-over.last_img read more

Pinnick, Others off to Mexico for FIFA Congress

first_imgThe President of Nigeria Football Federation (NFF), Mr. Amaju Melvin Pinnick, the 1st Vice President, Seyi Akinwunmi and the General Secretary, Dr. Mohammed Sanusi, are on their way to Mexico City for the 66th Congress of the world football –governing body, FIFA.Mexico’s picturesque and historical capital city will play host to nearly 1,000 very important personalities in world football on Thursday and Friday this week.NFF spokesman, Ademola Olajire, said yesterday: “Every FA President of the 209 members of FIFA is presently on the way to Mexico City. They are specially invited by FIFA alongside their Vice President and General Secretary. Nigeria’s Amaju Melvin Pinnick, Seyi Akinwunmi and Mohammed Sanusi are on their way as we speak.” The 66th FIFA Congress will start at 9.30am Mexico time on Friday, at the Centro Banamex. The Congress will bring all 209 Member Associations up to speed on governance reforms approved by the Extraordinary Congress of February, 26 2016 and FIFA’s plans to enhance football development.Friday’s Congress will be the first to be presided over by new FIFA President, Gianni Infantino, elected at the Extraordinary Congress of February 26. It is also the first meeting under the revised FIFA Statutes that came into effect on April 27.Infantino told the “Following the approval of the revised Statutes, the FIFA Congress is a key milestone in our commitment to put the reforms into action and lead FIFA and football forward. An important part of FIFA’s recovery is to engage with the football world, including former top players. After going through some uneasy times, I truly believe that the organization is on the verge of an exciting new era and that we can unite to work towards our common goal of developing football across the globe and at all levels.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

FCT Police Chief: Dikko, Abubakar Not Wanted

first_imgAccompanied by the Minister of Youth and Sports, Solomon Dalung; Nigeria Football Federation (NFF) President, Amaju Pinnick; other senior government officials and NFF members as well as numerous newsmen and supporters, two unidentified men, had approached Dikko, who is also NFF 2nd vice president, and insisted that he accompanies them to their command. They also claimed that his attention was required by the FCT CP, but did not present any identification or warrant to that effect.Dikko had informed the men that he would see the Abuja CP in the morning as it was already past midnight then and went further to contact the Police HQ to ascertain the veracity of the said invitation, while the sports minister also spoke to the Abuja CP through the phone of one of the officers.However, despite being directed by authorities at the Police Headquarters and the Abuja CP to leave, the two officers remained within the airport vicinity, leading to some altercation with those at the airport, which resulted in a firearm being discharged in circumstances that are still unclear.But at the meeting, the FCT Police boss stated that he had at no time ordered or directed the arrest of Dikko or, the LMC Chief Operating Officer, Salihu Abubakar for any reason whatsoever.He further recalled that some persons had approached his office in the night with a photocopy of an alleged Court order of the Jos High Court, which is outside his jurisdiction, purportedly for the committal of Dikko and Abubakar for contempt of court in Jos.He also explained that he became suspicious of the said document being a photocopy which had also not been properly endorsed by any Court in the FCT as required by law.The CP said he merely directed two of his officers to take steps to invite the LMC officials to enable him hear their side of the matter pending legal advise on the matter having considered that the persons who the alleged order was directed at were the Chairman and a Director of LMC who are well known public figures.According to the CP, the matter was compounded by the fact that his men have been unable to trace these persons who presented the said document, since these events, noting that this could be due the realisation that they apparently supplied misleading information to the Police.At the meeting, Dikko clarified, with documentary evidence, that the LMC has filed an appeal against all the three orders made by the Jos High Court in the suit challenging the expulsion of Giwa FC from the League for multiple infractions of the Framework and Rules of the NPFL. Giwa was expelled for refusing to play three commutative scheduled matches within the season. The LMC boss submitted that in accordance with legal procedures, all parties to the suit are, consequently, now before the Court of Appeal, Jos Division and have duly filed their papers for and against the appeal. The last adjourned date of the matter at the Court of Appeal was Tuesday, October 11, 2016.He then urged the CP to impress on his men the need to allow the process of the law in the Court of Appeal to proceed unhindered in this matter so as not to inhibit the jurisdiction of the Court in any way, pending the making of final orders or judgment in the case, which is totally civil in nature.CP Mustapha in his response, said he has received appropriate legal advise both from the office of the IGP and his own FCT Command legal office on the need for the Police to maintain neutrality in this civil case since all parties are before the Court of Appeal and have submitted their issues for adjudication by that Court. He assured Dikko that the IGP places great premium on his officers and men being law-abiding and that his Command will be guided by this position and refrain from interfering with this case and the jurisdiction of the Court of Appeal.The FCT Police boss further directed the DCP Operations to beef up security within the LMC offices and around the person of the LMC chairman to ensure safety of all.Dikko expressed LMC’s appreciation to the IGP Ibrahim Idris for instilling in his officers and men of the Nigeria Police Force the positive quality of being law-abiding law enforcement officers, which he said will contribute in great measure to the maintenance of public peace and order in our country and endear the IGP and the police to all Nigerians.He urged all Nigerians to see this case as a grand design and conspiracy to cause unnecessary confusion in the minds of the public and derail the impressive and positive developments in the league (NPFL) in Nigeria under LMC. He reminded all that the Jos High Court made its orders to ground the Nigeria League at the request of a single individual, the plaintiff in the suit, who claims to be a supporter of Giwa FC. He further wondered “how can football be properly organised and played if the millions of football fans in Nigeria were similarly to secure such far reaching orders from the Courts all over Nigeria regarding the different Clubs they support or follow.Commenting at the sidelines of the meeting, Dikko described the Jos High Court order against his person and Abubakar as oppressive and unjustifiable. He argued that the Court made the order of committal for contempt of court order without any application whatsoever filed before it for that purpose and, despite the fact that the same court had previously adjourned the suit sine die or indefinitely pending the hearing of the appeal of LMC against the ex parte order of the Court directing that Giwa FC be reinstated to the League, three months after the Club’s expulsion.He continued by pointing out that the injustice of the ruling was compounded by the fact that a false affidavit of service of Forms 48 and 49 was procured. He insisted that the order of committal for contempt was made in the circumstances he has described in order to intimidate the LMC from pursuing the appeal at the Court of Appeal so that the many injustices committed in the handling of the case will not be exposed.Dikko said further steps has been taken in addition to the appeal filed by LMC to report the questionable judicial conduct of the Judge of the Jos High Court to the National Judicial Council (NJC) while the matter of the false affidavit of service procured by the Jos High Court bailiffs has been reported to the Chief Justice of Plateau State. The LMC has also filed another petition to the Chief Justice of Plateau State reporting the Abuja Airport incidence which was all as a result of the unfair court orders issued under his jurisdiction, which is now being used to mischievously mislead the Police, despite the pendency of the appeal.He urged all Nigerians to see this case as a grand design and conspiracy to cause unnecessary confusion in the minds of the public and derail the impressive and positive developments in the league (NPFL) in Nigeria under LMC. He reminded all that the Jos High Court made its orders to ground the Nigeria League at the request of a single individual, the plaintiff in the suit, who claims to be a supporter of Giwa FC. He further wondered “how can football be properly organised and played if the millions of football fans in Nigeria were similarly to secure such far reaching orders from the Courts all over Nigeria regarding the different Clubs they support or follow.“In that case, for instance, an individual with the flimsiest of reason could have obtained a court order to stop Rangers International FC from playing and winning the League title and the government and people of Enugu State from experiencing and celebrating the victory of their team after 32 long years of patiently planning and toiling to lift the League trophy. This would be the biggest tragedy in football development in Nigeria for which all stakeholders should be outraged and stand up to collectively defend the integrity of the game we all support”.Dikko went on to assure football loving Nigerians that neither the LMC nor its officials have broken any Law as they only acted to defend and preserve the integrity of the public trust (NPFL) they are privileged to be managing and ensure its stability and growth within the Laws. He concluded by declaring that “LMC will continue to follow all the right legal steps to respond to any orchestrated attack on the LMC, NPFL, the participating clubs and its officers and, we will never be distracted”CHAMPIONS LEAGUE(Tonight)Lyon v JuventusLisbon v DortmundReal Madrid v LegiaLeicester v CopenhagenD’Zagreb v SevillaClub Brugge v FC PortoCSKA v MonacoLeverkusen v TottenhamShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram GIWA FC v LMC LMC boss holds meeting with commissionerThe Chairman of the League Management Company (LMC), Shehu Dikko, has met with the leadership of the Federal Capital Territory (FCT) Police Command in the aftermath of the widely reported incident which occurred on Sunday, October 9, 2016 at the Nnamdi Azikiwe International Airport on the arrival of the Super Eagles from their away victory against Zambia.Dikko met with the FCT Commissioner of Police (CP), Mohammed Mustapha, and the Deputy Commissioner of Police (DCP) in charge of Operations, Garba Mohammed, in a follow up to earlier meetings he had on Monday, October 10 and Tuesday, October 11 with the Commissioner of Police, Legal, at the Police headquarters and the office of the Inspector General of Police (IGP), during which the incident at the airport was reported.last_img read more