Nigeria football clubs to go public third quarter of 2017

Nigerian football league clubs are set to list on the on the NASD OTC
Securities Exchange latest by the third quarter of 2017, Bola Ajomale,
Managing Director/CEO of NASD OTC Securities Exchange disclosed this in Lagos.

Ajomale said: “We are opening up an opportunity for the clubs to access
private funding as required and use such funds in improving the fortunes of the club. The first club should be in the OTC market by third quarter”

Kano Pillars Football Club, Enyima Football Club, Shooting Stars Football
Club, Enugu Rangers Football Club, MFM Football Club, Wikki Tourists
Football Club, Gombe United Football Club, and El-Kanemi Warriors Football Club are the first set of clubs that have been shortlisted for the
exercise.

The activities of NASD OTC are open to unlisted companies and investors who intend to buy and sell shares of these companies.