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Newswatch Times
MONDAY, JULY 20, 2015
Appointment of Oliseh: /)) 012 ,-. 3425 64782 2192 Temile
,-.
Mark Ogagan
N '4:;5 <=><75
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igeria ex-international striker, Richard Owubokiri, has warned football enthusiasts and fans not to expect miracles from newly-appointed Super Eagles helmsman, Sunday Oliseh. The former Juventus mid`jqzj{| }~ Â&#x20AC;| q~ Â | jzÂ&#x201A;j z~Â&#x192;| unveiled as the new coach of the menâ&#x20AC;&#x2122;s senior national team on a three-year contract, thus heralding a new dawn for the national team following the July 4 sacking of erstwhile coach Stephen Keshi. Oliseh and his assistants were presented to the media during a parley at the media hall of the National Stadium in Abuja and charged to change the nationâ&#x20AC;&#x2122;s football fortune. Continued on page 29
Sports/News
28
Newswatch TIMES MONDAY, JULY 20, 2015
Wrestling escapes dismissal from Olympic Games
T
he executive director of USA Wresting is convinced that the new international leadership in his sport hasn’t gone back to sleep after a wake-up call warned of possible dismissal from the Olympic Games. USA Wrestling Executive Director, Rich Bender, has positive comments about the future of his sport. The USA Wrestling M j | | q {~z | { | remain open for business, but it could have been |z 9j{j “Our sport is in a renaissance right now,” Bender said. “It’s arguably the most important thing that’s ever happened to our sport. We’ve started on a course of modernization, with a lot of work still to be done.” But the progress already has been noteworthy. Less than three years ago, spe ` ~qq | j£ | ¤¥ | ¦§¤¥ | wrestling was knocked for a loop. The executive Fjj| ¨| j| j{ ~tional Olympic Committee informed wrestling’s international leadership that the sport was being re ©jz|¨{ | j|¦§¦§| mer Games in Tokyo. Wrestling had been part of the Olympic program since the inaugural modern Olympic Games in ¤ª«¬ “There was the best man or best woman will win mentality,” Bender said. As the initial shock } {j| 9 | j qj|} | j| sport learned what happened. “Our international leadership didn’t have a good relationship with the IOC,” Bender said. “There wasn’t good cooperation ~ z| j{j| | |~|£{ | future in a confrontational relationship. “It was a dark moment for our sport. If we continued to operate like we
were doing, we weren’t going to be on the Olympic Games program.” In this case, a little finesse proved to be more powerful in a sport that relies on an inyour-face attitude. “We had to look at it as an opportunity to improve our sport,” Bender said. “We had to get that vote reversed.” Representatives from 40 countries joined the cause. The first order of business was to change the international leadership. The name of the organization was changed to United World Wrestling. Some forms for the IOC that had been carelessly completed by the previous leaders were redone. Some match scoring rules were simplified for the benefit of spectators. There are ongoing discussions about possible changes in the competitive uniform. The finesse led to success. During the IOC meetings of September 2013 in Buenos Aires, Argentina, president Jacques Rogge announced that wresting was restored to the Olympic program for 2020, beating out squash and softball-baseball in the final vote for a single spot in the 28-sport field. Wrestling competition in freestyle and Greco- Roman and a women’s division would continue uninterrupted on the Olympic program at least through the 2020 Tokyo Games. Wrestling has been an important part of the Olympic program. In a typical Olympiad, wrestlers from as many as 28 countries will earn medals. Wrestling has been prominent for the U.S. Olympic Committee too, ranking fourth behind track and field, swimming and diving in total medals earned over the years. “Wrestling is a hard sport,” Bender said. “It’s an old sport, as well, and we can’t lose sight of the good things from our past.” Bender believes that losing the Olympic
Don’t expect miracle from Oliseh, Owubokiri warns Continued from page 29
| £ | ~ | Pinnick expressed optimism that Oliseh can set the motion for a rapid change in Nigeria’s football’s structure as the team gears up for j| ¦§¤¯| ¨{ ~| | ¨| ~ |° ~q `j{ But Owubokiri, a Eu{ j~ | { j ~ |~ z| star performer for the ~ ~q| | j| z|«§ | told Newswatch Times sports from his base in Brazil, that the question
of ‘rapid change’ does not arise at this time, because building a strong national team requires time, resources and patience. “I think the NFF {j zj | | jF | ~{ried away as there are no short cuts to success. Oliseh, to me, is coming on board at a time the country is trying to build a new team, so people should not expect miracles from him. “Instead, we need to
give him all the support he needs to build a team capable of matching the exploits of Super Eagles of old, and I am sure the NFF will be duty-bound to support the guy. “And looking back at the frosty relationships of the past between the federation and coaches, particularly during Keshi’s tenure, I am hoping | } qz| £j| z 9j{ent this time so we can move forward and save Nigerian football.
“I am concerned about the qualifying matches to the next Africa Cup of Nations with the hope that the team will build on its opening day win against Chad and go on to pick a ticket to the tournament,” Owubokiri said. q j | `{ | ~ {| test will be the away tie in Tanzania in Septem£j{| ~ | j| ~Fj | | steer the Super Eagles }~{z | j| ¦§¤¯| ¨{ ~| Cup of Nations.
Appointment of Oliseh:NFF has lost focus, saysTemile Mark Ogagan
O
utspoken former Green Eagles winger, Clement Temile says the Nigeria Football Federation (NFF) has lost its focus by appointing another local coach in the person of Sunday Oliseh, to tinker the national team after easing out Stephen Keshi. In a chat with Newswatch Times sports, the erstwhile Head Coach of Kentish Town FC of England slammed the NFF for reneging on its promise to appoint a foreign hand to handle the national team before succumbing to pressures to reemploy Keshi only to sack him afterwards. “To me the NFF of` ~q | ~{j| j{j| j{ | who have lost focus, and do not seem to know what they are doing. First they blundered on Keshi, now they go on
and employ Oliseh who ~ | |£j|~ |z 9j{j | from Keshi himself. The Nigeria Football Federation had on July 4, its contract with Stephen Keshi, in a move many believed to be connected with the latter’s application for a ~ | £| } | j| Ivoirian national team. “Having thoroughly reviewed the reports/ ` z | ¨| j| | z q ~{ | Fjj| and NFF Technical and Development Committee, as well as having reviewed the actions and inactions of Mr. Stephen Keshi, in the performance of his duties as Super Eagles’ head coach, which we found to lack the required commitment to achieve the ¨jzj{~ | £ j ©j | as set out in the coach’s employment contract,” a statement by the NFF µj ©j| Fjj| had read.
But Temile, who has been in the forefront of moves to establish a standing Nigeria Players Union through his Concerned Group initiative, believes the Keshi scenario was all pre-planned to bring in Oliseh as substantive coach of the Super Eagles. “Look, no one is a fool
here, we are all matured people, however, all I’m saying is a foreign hand } qz| ~©j| £jj | £jFj{| 9| ~ | | j| £j ~ j| Nigerian coaches still have a lot to learn at the top level. Besides, Pinnick, on assumption of M j| { jz| | {j| an expatriate coach, so while did he make an about turn?”
Sports/Euro League
Newswatch TIMES MONDAY, JULY 20, 2015
29
Real sign Casilla
R
eal Madrid have completed their move for goalkeeper Kiko Casilla from Espanyol, and the move could be good news for Manchester United. The 28-year-old, who signed today for a fee of ÂŁ4.2 million, began his career in the Madrid setup but only ever appeared for the Castilla B team. In 2007 he moved to CataluĂąa but the Spanish giants decision to keep a stake in Casilla meant they only had to pay a relatively small fee
for the Spain international. Madridâ&#x20AC;&#x2122;s new signing leaves them with two goalkeepers as the former Espanyol stopper replaces departed captain Iker Casillas. And manager Rafa Benitez has already exÂ&#x203A;{j jz| Â&#x17E;Â&#x2019; | Â&#x2018;Â&#x2022;Â&#x201A;`zjÂ&#x201A;Â&#x2018;j| with his current options , telling reporters yesterday that he saw Keylor Navas as his number one, at qj~  |Âż~ | Â&#x17E;j|Â&#x201C;Â&#x2022;Â&#x201C;jÂ&#x201A; Ă&#x201A;Â&#x;| Â&#x17E;j| club have similarly shown commitment to new signing Cassila, rewarding Â&#x17E;Â&#x2019;Â&#x201C;|}Â&#x2019; Â&#x17E;|~|`Šj|Â&#x192;j~{|zj~qÂ&#x; The clubâ&#x20AC;&#x2122;s new signing comes as Marca report that the Spanish side are willing to pay de Gea ÂŁ3.5 million to run down his contract at Manchester United, accepting that they can wait if it means Â&#x153;jFÂ&#x2019;Â&#x201A;Â&#x153;|  Â&#x17E;j| ÂŚĂ&#x201E;Ă&#x2026;Â&#x192;j~{Ă&#x2026;Â&#x2022;qzÂ&#x;| Louis van Gaal also seems to be considering the goalkeeper in his plans for next season, taking him on the squadâ&#x20AC;&#x2122;s pre-season tour of the USA whilst making nominal backup Victor Valdes available for transfer.
Juventus say Pogba not for sale
J
oan Laporta has claimed that he would sign the 22-year-old, who is also reportedly a target of Manchester City and Chelsea, if he is elected as Barcaâ&#x20AC;&#x2122;s club president this summer. Juve director Giuseppe ~{Â&#x2022;F~| ~Â&#x2019;zž| Âż Â&#x17E;Â&#x2022;jŠj{| is interested needs to talk to us and not with agent Mino Raiola. Âż ~{Â&#x2018;~| Â&#x2018;~Â&#x201A;Â&#x201A;Â&#x2022; | Â&#x201C;~Â&#x2013;j| any signings and Juve does not want to sell.â&#x20AC;? France international Pogba, formerly a Manchester United player, is under contract at Juve until June 2019. The Italian club rejected a bid from Barca earlier this month after the European champions sent a delegation, led by the clubâ&#x20AC;&#x2122;s international sporting director Ariedo Braida, to Milan for negotiations.
Âż j| Â&#x17E;~Šj| Â&#x201A;jÂ&#x153;Â&#x2022; Â&#x2019;ated with Barca in reÂ&#x2018;jÂ&#x201A; | Â&#x201C;Â&#x2022;Â&#x201A; Â&#x17E; Â&#x20AC;Ă&#x201A;| ~zÂ&#x201C;Â&#x2019;Fjz| ~{Â&#x2022;F~Â&#x;| Âż Â&#x17E;j| Â&#x203A;q~Â&#x192;j{| Â&#x2019; | not for sale. Âż j| Â&#x17E;~Šj| zÂ&#x2022;Â&#x201A;j| Â&#x2022;| in a serious and correct manner as it should be between two teams that have a lot of history and importance in world football. Âż Â&#x17E;j| Â&#x2019; Â?~ Â&#x2019;Â&#x2022;Â&#x201A;| Â&#x2019; | Šj{Â&#x192;| clear between Barca and Juventus after the meeting we had in Milan. Âż ~{Â&#x2018;~| Â&#x201C;~zj| ~Â&#x201A;| Â&#x2022;9j{| and we replied.â&#x20AC;? ~{Â&#x2018;~|Â&#x2018;~Â&#x201A;Â&#x201A;Â&#x2022; |`jqz|~Â&#x201A;Â&#x192;| new players until January 2016 due to a transfer ban imposed by FIFA for breaching rules on the transfer of under-age players, but this has not prevented them from signing Aleix Vidal from Sevilla and Turkish mid`jqzj{| {z~| Â?{~Â&#x201A;| ¨{Â&#x2022;Â&#x201C;| Atletico Madrid this summer.
Reina: I want to regain my place at Napoli N
apoli goalkeeper, Pepe Reina, has revealed that heâ&#x20AC;&#x2122;s looking to regain his place as  Â&#x17E;j| Ă Ă Â?{{Â&#x2019; |`{  |Â&#x2018;Â&#x17E;Â&#x2022;Â&#x2019;Â&#x2018;j| keeper now that heâ&#x20AC;&#x2122;s back at the club. The 32-year-old, who recently returned to the Partenopei after an unsuccessful season at Bayern Munich, admits that heâ&#x20AC;&#x2122;s looking forward to
playing a lot again, especially under the Italian sideâ&#x20AC;&#x2122;s new coach Maurizio Sarri, and insists that heâ&#x20AC;&#x2122;s ready for the responsibility. Reina spoke to Sport Mediaset about his return to Napoli and his excitement to play a meaningful part in the team again, while also commenting on Gonzalo Higuainâ&#x20AC;&#x2122;s importance
to the squad. Âż | Â&#x17E;~Šj|  Â&#x17E;Â&#x2019; | jÂ&#x201A; j| Â&#x2022;¨| responsibility now that Iâ&#x20AC;&#x2122;m back here, I know what itâ&#x20AC;&#x2122;s like to play in Naples,â&#x20AC;? said the Spaniard, who previously played at the San Paolo Â&#x2022;Â? ` | zÂ?{Â&#x2019;Â&#x201A;Â&#x153;|  Â&#x17E;j| Œ§¤¼Ă&#x2026; 14 campaign. Âż | Â&#x201C;Â&#x2019; jz|  Â&#x17E;Â&#x2019; Â&#x20AC;| Â&#x17E;~Šing the ability to play. I want to go back to being the protagonist, which is
a reason why I returned. I lacked a bit of balance last season. Âż ~{{Â&#x2019;| Â&#x2019; | ~| Â&#x153;Â&#x2022;Â&#x2022;z| Â&#x153;Â?Â&#x192;Â&#x;| He has a clear idea in his head and he talks to you face to face, I love it. Âż j| }Â&#x2019;qq| Â&#x17E;~Šj| Â&#x201A;Â&#x2022;| problems with me. Â&#x17E;j{j| ~{j| Â&#x201A;Â&#x2022;| `Âľjz| Â&#x2022;ÂŁjectives, it will take a lot of patience. There are quite a few new players here.
Chelsea full-back poised for La Liga return
A
tletico president, Enrique Cerezo, claims  Â&#x17E;j| Â&#x203A;~Â&#x201A;Â&#x2019; Â&#x17E;| Â&#x2022;Â? ` | ~{j| Â&#x2019;Â&#x201A;| talks with the Premier League champions to re-sign their former fullback after failing to hold down a regular spot in Jose Mourinhoâ&#x20AC;&#x2122;s starting line-up last term. Luis was instrumental in Diego Simeoneâ&#x20AC;&#x2122;s side which won the La Liga title and reached the UEFA Champions j~Â&#x153;Â?j| `Â&#x201A;~q| zÂ?{Â&#x2019;Â&#x201A;Â&#x153;|  Â&#x17E;j| 2013-14 season. Chelsea have reportedly seen a ÂŁ20million bid for Everton defender John Stones rejected by the Merseysiders. The 21-year-old has apparently been targeted by the Premier League champions as a long-term replacement for John Terry, with boss Jose Mourinho a big fan of the England international. However, Everton are desperate to keep hold of one of their most important players and will hope Chelsea do not return with an improved Â&#x2022;9j{|  Â&#x17E;~ |  Â&#x17E;j| Â&#x2018;qÂ?ÂŁ| Â&#x2018;Â&#x2022;Â?qz|
deem too hard to turn down. Stones has only made Ă&#x2021;Ă&#x201E;| `{ Â Ă&#x2026;Â j~Â&#x201C;| ~Â&#x203A;Â&#x203A;j~{ances for Everton following his move from Barnsley in January 2013
but is now established in ~{Â Â&#x2019;Â&#x201A;jĂ Â | `{ Â Ă&#x2026;Â&#x2018;Â&#x17E;Â&#x2022;Â&#x2019;Â&#x2018;j| line-up, so losing him to Â&#x17E;jq j~|}Â&#x2022;Â?qz|ÂŁj|~|ÂŁÂ&#x2019;Fj{| blow ahead of the new season. Mourinho may decide
to raise the bid to ÂŁ25milqÂ&#x2019;Â&#x2022;Â&#x201A;Â&#x20AC;| ~| `Â&#x153;Â?{j| Â Â&#x17E;~Â | Â&#x2018;Â&#x2022;Â?qz| Â jÂ&#x201C;Â&#x203A;Â | Â Â&#x17E;j| Â&#x2022;9jj | Â&#x2019;Â&#x201A;Â Â&#x2022;| selling, but it is unclear at this stage if they will follow up their initial interest.
Sports/Tennis
30
Newswatch TIMES MONDAY, JULY 20, 2015
Venus pays tribute to â&#x20AC;&#x2DC;inspiring sisterâ&#x20AC;&#x2122;
F
ollowing a wave of body Â&#x17E;~Â&#x201C;Â&#x2019;Â&#x201A;Â&#x153;| }jj |  ~{Â&#x153;j Â&#x2019;Â&#x201A;Â&#x153;| j{jÂ&#x201A;~| Â&#x2019;qqÂ&#x2019;~Â&#x201C; | Â&#x2019;Â&#x201A;|  Â&#x17E;j| z~Â&#x192; | Â&#x2019;Â&#x201A;Â&#x2018;j| Â&#x17E;j{| Â&#x2019;Â&#x201C;ÂŁqjzÂ&#x2022;Â&#x201A;| }Â&#x2019;Â&#x201A;Â&#x20AC;|  Â&#x17E;j|  jÂ&#x201A;Â&#x201A;Â&#x2019; | Â&#x2018;Â&#x17E;~Â&#x201C;Â&#x203A;| Â&#x17E;~ | Â&#x153;~{Â&#x201A;j{jz| Â?Â&#x203A;Â&#x203A;Â&#x2022;{ | ¨{Â&#x2022;Â&#x201C;| ¨~Â&#x201A; |~Â&#x201A;z|¨{Â&#x2019;jÂ&#x201A;z |~qÂ&#x2019;Â&#x2013;jÂ&#x; Â&#x2022; | Â?{Â&#x203A;{Â&#x2019; Â&#x2019;Â&#x201A;Â&#x153;qÂ&#x192;Â&#x20AC;| Â&#x2022;Â&#x201A;j|Â&#x2022;¨|Â&#x17E;j{|Â&#x201C;Â&#x2022;  |Â&#x201A;Â&#x2022; ~ÂŁqj| Â&#x2018;Â&#x17E;jj{qj~zj{ |Â&#x2019; |ÂŁÂ&#x2019;Â&#x153;| Â&#x2019;  j{| jÂ&#x201A;Â? Â&#x20AC;| }Â&#x17E;Â&#x2022;| Â&#x2018;Â&#x2022;Â&#x201C;Â&#x203A;j jz| ~ | Â&#x2019;Â&#x201C;ÂŁqjzÂ&#x2022;Â&#x201A;| ~Â&#x153;~Â&#x2019;Â&#x201A;  | her record-breaking Â&#x2019;ÂŁqÂ&#x2019;Â&#x201A;Â&#x153;|Â&#x201D;Â?  |q~  |}jjÂ&#x2013;Â&#x; â&#x20AC;&#x153;From the very beÂ&#x153;Â&#x2019;Â&#x201A;Â&#x201A;Â&#x2019;Â&#x201A;Â&#x153;| Â&#x17E;j| Â&#x17E;~ | Â&#x2019;Â&#x201A; Â&#x203A;Â&#x2019;{jz| Â&#x201C;j| Ă&#x160;|  Â&#x17E;Â&#x2019; | }~ | ~| qÂ&#x2022;Â&#x201A;Â&#x153;|  Â&#x2019;Â&#x201C;j| ~Â&#x153;Â&#x2022;Â&#x20AC;| ÂŁj¨Â&#x2022;{j| Â&#x17E;j| }Â&#x2022;Â&#x201A;|  Â&#x17E;j| Â&#x201C;~Â&#x201D;Â&#x2022;{ | Ă&#x160;| her heart on the court and her ability to per¨Â&#x2022;{Â&#x201C;| Â?Â&#x201A;zj{|  Â&#x17E;j| Â&#x201C;Â&#x2022;  | Â&#x203A;{j Â?{j|Ă&#x2039;|Â&#x201A;Â&#x2022; Â&#x17E;Â&#x2019;Â&#x201A;Â&#x153;|Â&#x17E;~ | Â&#x2018;Â&#x17E;~Â&#x201A;Â&#x153;jzÂ&#x20AC;Ă&#x201A;| Â&#x2019;qqÂ&#x2019;~Â&#x201C; Â&#x20AC;|ÂĽĂ&#x2021;Â&#x20AC;|  Â&#x2022;qz| | zÂ?{Â&#x2019;Â&#x201A;Â&#x153;| ~| q~ | ~ | ~Â&#x201A;z| ~Â&#x201C;ÂŁ~| Juice event at TITLE Boxing Club in N.Y.C. Âż   | ~| Â&#x203A;jÂ&#x2018;Â&#x2019;~q| °Â?~qÂ&#x2019; Â&#x192;| that not a lot of people Â&#x17E;~ŠjÂ&#x;Ă&#x201A; jÂ&#x201A;Â? | ~q Â&#x2022;| Â&#x2022;9j{jz| ~zŠÂ&#x2019;Â&#x2018;j| ¨Â&#x2022;{|  Â&#x17E;Â&#x2022; j| }Â&#x17E;Â&#x2022;|  {Â?Â&#x153;Â&#x153;qj| }Â&#x2019; Â&#x17E;| ÂŁÂ&#x2022;zÂ&#x192;Ă&#x2026; â&#x20AC;&#x153;He could be moving Â&#x2019;Â&#x201C;~Â&#x153;j|Â&#x2019; Â?j Â&#x20AC;|~zÂ&#x201C;Â&#x2019;FÂ&#x2019;Â&#x201A;Â&#x153;|  Â&#x2019;Â&#x201C;j| Â&#x2019;Â&#x201C;ÂŁqjzÂ&#x2022;Â&#x201A;| jÂ&#x201C;Â&#x2019;Ă&#x2026; up even further in my  Â&#x17E;~ | ÂżjŠj{Â&#x192;Â&#x2022;Â&#x201A;j| zj~q | `Â&#x201A;~qÂ&#x2019;  ¿ Â&#x17E;jÂ&#x201A;| Â&#x192;Â&#x2022;Â?| {jĂ?jÂ&#x2018; | jÂ&#x192;j Â&#x20AC;|ÂŁÂ? |Â&#x17E;j|Â&#x17E;~ |~q{j~zÂ&#x192;| }Â&#x2019; Â&#x17E;|Â&#x2019; |zÂ&#x2019;9j{jÂ&#x201A; qÂ&#x192;Â&#x;Ă&#x201A; Â&#x2022;Â&#x201A;| Â&#x17E;Â&#x2022;}| Â&#x2022;Š~Â&#x2013;| Â&#x17E;~ | qj¨ | Â&#x201D;Â?Â&#x201C;Â&#x203A;jz| Â&#x2022;Â&#x201C;j| Â&#x203A;jÂ&#x2022;Â&#x203A;qj| Âż Â&#x2022;| Â&#x201C;~Fj{| }Â&#x17E;Â&#x2022;| Â&#x192;Â&#x2022;Â?| Â&#x201A;Â&#x2022;|  Â&#x2022;Â&#x201A;j| Â?Â&#x201A; Â?{Â&#x201A;jzÂ&#x20AC;| Â&#x17E;Â&#x2019; | by winning Wimbledon ~{jÂ&#x20AC;|  Â&#x17E;j| Â&#x153;{~ | Â&#x2019; | Â&#x201A;jŠj{| j{ŠÂ&#x2019;Â&#x201A;Â&#x153;|Â&#x17E;~ |ÂŁjjÂ&#x201A;|Â&#x153;jFÂ&#x2019;Â&#x201A;Â&#x153;| ~Â&#x153;~Â&#x2019;Â&#x201A;Â&#x;Ă&#x201A; greener on the other Â&#x201D;Â&#x2022;Â&#x2013;Â&#x2022;ŠÂ&#x2019;Â&#x2018; | ÂŁj  | Â&#x192;j~{| Â&#x2019;zjÂ&#x20AC;Ă&#x201A;| Â&#x17E;j| ~Â&#x2019;zÂ&#x20AC;| ~zzÂ&#x2019;Â&#x201A;Â&#x153;| ÂŁjFj{| ~qq|  Â&#x17E;j|  Â&#x2019;Â&#x201C;jÂ&#x20AC;| Â&#x17E;Â&#x2019; | zÂ&#x2019;j Â&#x20AC;| Â&#x17E;Â&#x2019; | Â&#x203A;{jÂ&#x203A;~{~ Â&#x2019;Â&#x2022;Â&#x201A;Â&#x20AC;| Â&#x2019; | Â&#x2019;Â&#x201A;Â&#x2018;j| Â&#x17E;j|  Â?{Â&#x201A;jz| Â&#x203A;{Â&#x2022;¨j Â&#x2019;Â&#x2022;Â&#x201A;~q| Â&#x2019;Â&#x201A;| Œ§§¼| Â&#x2018;~Â&#x201C;j| Â&#x2019;Â&#x201A;| Â&#x2019; |~qq|`{  |Â&#x2018;q~ Â&#x; Âż j|Â&#x2019; |Â&#x2019;Â&#x201A;|Â&#x17E;Â&#x2019; |Â&#x203A;{Â&#x2019;Â&#x201C;jÂ&#x20AC;|Â&#x17E;j| Œ§¤¤| }Â&#x17E;jÂ&#x201A;| Â&#x17E;j| }Â&#x2022;Â&#x201A;|  Â&#x17E;j| Â&#x2019; |ÂŚÂŞÂ&#x20AC;| | jj|Â&#x17E;Â&#x2019;Â&#x201C;|~ | Â&#x17E;j| Â&#x2022;Â&#x203A;| Â?  {~qÂ&#x2019;~Â&#x201A;| Â&#x203A;jÂ&#x201A;Â&#x20AC;| Â&#x2019;Â&#x201C;Â&#x2022;¨|  Â&#x17E;j| Â&#x153;~Â&#x201C;j| ¨Â&#x2022;{| `Šj| Â&#x2022;{| ÂŁqjzÂ&#x2022;Â&#x201A;|~Â&#x201A;z| Â&#x17E;j| | Â&#x203A;jÂ&#x201A;Â&#x; He won only two Â&#x2019;Âľ|Â&#x192;j~{ Â&#x;| | jj|Â&#x17E;Â&#x2019;Â&#x201C;|~zzÂ&#x2019;Â&#x201A;Â&#x153;|  Â&#x2022;| Â&#x17E;Â&#x2019; | {~Â&#x201A;z| q~Â&#x201C;| Â&#x201C;Â&#x2022;{j| Â&#x201C;~Â&#x201D;Â&#x2022;{ | Â&#x2019;Â&#x201A;|  Â&#x17E;j| Â&#x201A;j¾ |  }Â&#x2022;Ă&#x2026;~Â&#x201A;zĂ&#x2026;~Ă&#x2026;Â&#x17E;~q¨| Â&#x192;j~{ | Â&#x2018;Â&#x2022;qqjÂ&#x2018; Â&#x2019;Â&#x2022;Â&#x201A;|Šj{Â&#x192;| Â&#x2022;Â&#x2022;Â&#x201A;Â&#x;Ă&#x201A; Âż Â&#x2022;Š~Â&#x2013;|zÂ&#x2022;j |Â&#x201A;Â&#x2022; |Â&#x17E;~Šj| ÂŁÂ? | Â&#x2018; Â&#x201A;{Â&#x2022;jÂ&#x20AC;| }Â&#x17E;Â&#x2022;| }Â&#x2022;Â&#x201A;| ~ | Â&#x201C;~Â&#x201A;Â&#x192;| {~Â&#x201A;z| q~Â&#x201C; |  Â&#x17E;{jj| Â&#x2019;Â&#x201C;ÂŁqjzÂ&#x2022;Â&#x201A;|  Â&#x2019; qj Â&#x20AC;| ~ |  Â&#x17E;Â&#x2022; j| Â&#x153;Â?Â&#x192; | ÂŁÂ? | | ~Â&#x201C;| zÂ&#x2022;j | Â&#x201A;Â&#x2022; | ¨Â&#x2022;{j jj| ~Â&#x201A;Â&#x192;|  Â&#x17E;Â&#x2019;Â&#x201A;Â&#x2013;Â&#x2019;Â&#x201A;Â&#x153;| Â&#x17E;Â&#x2019; |  Â&#x2022; ~q| Â&#x2019; | Â&#x153;Â&#x2022;- Â&#x201C;Â&#x2022;{j| q~Â&#x203A; j | Â&#x2019;Â&#x201A;| ¨Â&#x2022;{Â&#x201C;| ¨{Â&#x2022;Â&#x201C;| Â&#x17E;j| j{ÂŁÂ&#x2019;~Â&#x201A;Â&#x; Â&#x2019;Â&#x201A;Â&#x153;| Â&#x2022;|{Â&#x2019; j|°Â?Â&#x2019;Â&#x2018;Â&#x2013;qÂ&#x192;Â&#x;
Djokovicâ&#x20AC;&#x2122;ll dominate tennis in next two years â&#x20AC;&#x201C;McEnroe
W
imbledon champion Novak Djokovic will win â&#x20AC;&#x153;four or `Šj|Â&#x201C;Â&#x2022;{j| {~Â&#x201A;z| q~Â&#x201C; Ă&#x201A;| Â&#x2019;Â&#x201A;| Â&#x17E;j|Â&#x201A;j¾ | }Â&#x2022;|Â&#x192;j~{ Â&#x20AC;|~Â&#x2018;cording to former world number one John McEnroe. Â&#x201D;Â&#x2022;Â&#x2013;Â&#x2022;ŠÂ&#x2019;Â&#x2018;Â&#x20AC;| ÂŚÂŞÂ&#x20AC;| ÂŁj~ | Â&#x2022;Â&#x153;j{| jzj{j{| Â&#x2022;Â&#x201A;| Â?Â&#x201A;z~Â&#x192;| Â&#x2022;|{j ~Â&#x2019;Â&#x201A;|Â&#x17E;Â&#x2019; | Â&#x2019; qjÂ&#x20AC;|Â&#x17E;Â&#x2019; |  Â&#x17E;Â&#x2019;{z| ~ | ¤| ~Â&#x201A;z| Â&#x17E;Â&#x2019; | ninth Major in total. Âż Â&#x2022;Š~Â&#x2013;|Â&#x2019; |Â&#x201D;Â?  |Â&#x2018;Â&#x2022;Â&#x201C;Â&#x2019;Â&#x201A;Â&#x153;| Â&#x2019;Â&#x201A; Â&#x2022;| Â&#x17E;Â&#x2019; | Â&#x203A;{Â&#x2019;Â&#x201C;j| ~Â&#x201A;z| Â&#x2019; | Â&#x2019; | Â&#x203A;{jFÂ&#x192;|Â&#x17E;~{z|Â&#x201A;Â&#x2022; | Â&#x2022;| Â&#x17E;Â&#x2019;Â&#x201A;Â&#x2013;|  Â&#x17E;~ |Â&#x17E;j|Â&#x2019; |Â&#x153;jFÂ&#x2019;Â&#x201A;Â&#x153;|  {Â&#x2022;Â&#x201A;Â&#x153;j{|~Â&#x201A;z|  {Â&#x2022;Â&#x201A;Â&#x153;j{Â&#x20AC;Ă&#x201A;| Â&#x2018; Â&#x201A;{Â&#x2022;j| Â&#x2022;qz| | Â&#x203A;Â&#x2022;{ Â&#x;
Âż ¨| Â&#x17E;j|  ~Â&#x192; | Â&#x17E;j~q Â&#x17E;Â&#x192;Â&#x20AC;| Â&#x17E;j| Â&#x2019; | Â&#x153;Â&#x2022;Â&#x2019;Â&#x201A;Â&#x153;|  Â&#x2022;| zÂ&#x2022;Â&#x201C;Â&#x2019;nate the next couple of Â&#x192;j~{ Â&#x;Ă&#x201A; Â&#x201D;Â&#x2022;Â&#x2013;Â&#x2022;ŠÂ&#x2019;Â&#x2018;| Â&#x17E;~ | ÂŁjjÂ&#x201A;| top of the world rankÂ&#x2019;Â&#x201A;Â&#x153; |¨Â&#x2022;{| Â&#x17E;j|q~  |Ă&#x2021;ÂĽ|}jjÂ&#x2013; | ~Â&#x201A;z|Â&#x17E;~ |}Â&#x2022;Â&#x201A;| }Â&#x2022;|Â&#x2022;Â? |Â&#x2022;¨|  Â&#x17E;j|  Â&#x17E;{jj| {~Â&#x201A;z| q~Â&#x201C; |  Â&#x17E;Â&#x2019; | Â&#x192;j~{Â&#x20AC;| qÂ&#x2022; Â&#x2019;Â&#x201A;Â&#x153;| Â&#x2019;Â&#x201A;|  Â&#x17E;j| {jÂ&#x201A;Â&#x2018;Â&#x17E;| Â&#x203A;jÂ&#x201A;|`Â&#x201A;~qÂ&#x; Âż j| Â&#x2019; | zj`Â&#x201A;Â&#x2019; jqÂ&#x192;| Â&#x2019;Â&#x201A; Â&#x2022;| Â&#x201C;Â&#x192;| ~qqĂ&#x2026; Â&#x2019;Â&#x201C;j|  Â&#x2022;Â&#x203A;| `ŠjÂ&#x20AC;Ă&#x201A;| added McEnroe. â&#x20AC;&#x153;My  Â&#x2022;Â&#x203A;| ¨Â&#x2022;Â?{| ~{j| Â&#x2022;z| ~Šj{Â&#x20AC;| j j| ~Â&#x201C;Â&#x203A;{~ Â&#x20AC;| Â&#x2022;Â&#x153;j{| and Rafael Nadal but Â&#x2022;Š~Â&#x2013;|Â&#x2019; |~ |Â&#x201A;Â?Â&#x201C;ÂŁj{|`Šj| ~Â&#x201A;z|{Â&#x2019; Â&#x2019;Â&#x201A;Â&#x153;Â&#x; Â&#x2019;Â&#x201C;| jÂ&#x201A;Â&#x201C;~Â&#x201A;Â&#x20AC;| ¨Â&#x2022;Â?{Ă&#x2026;
the importance of appreciating your given Â&#x17E;~Â&#x203A;j| ¨Â&#x2022;{| }Â&#x17E;~ | Â&#x2019; | Â&#x2019; Â&#x;| Âż Â&#x2022;Â?| Â&#x201D;Â?  | Â&#x17E;~Šj|  Â&#x2022;| `Â&#x201A;z| a way to enjoy that Â&#x153;{~ Â&#x;Ă&#x201A; Â&#x17E;Â&#x2019;qj| j{jÂ&#x201A;~| Â&#x17E;~ Â&#x201A; | Â&#x201C;~zj|~Â&#x201A;|Â&#x2022;Â? {Â&#x2019;Â&#x153;Â&#x17E; |  ~ jment about the body Â&#x17E;~Â&#x201C;Â&#x2019;Â&#x201A;Â&#x153;| Â&#x2018;Â&#x2022;Â&#x201A; {Â&#x2022;Šj{ Â&#x192;Â&#x20AC;|  Â&#x17E;j|  ~{|  Â&#x2022;Â&#x2022;Â&#x2013;|  Â&#x2022;| Â&#x201A;  ~Â&#x153;{~Â&#x201C;|  Â&#x17E;Â&#x2019; | }jjÂ&#x2013;|  Â&#x2022;| Â&#x203A;Â&#x2022;  | ~| qj}| Â&#x2022;¨| Â&#x153;q~Â&#x201C;| Â&#x17E;Â&#x2022; | Ă&#x160;| one in particular taken while lounging on the ÂŁj~Â&#x2018;Â&#x17E;|Â&#x2019;Â&#x201A;| }jzjÂ&#x201A;Â&#x; Â? | Â&#x2019;  | ~| zÂ&#x2019;9j{jÂ&#x201A; | photo the younger WilqÂ&#x2019;~Â&#x201C; | Â&#x17E;~{jz| Â&#x2022;Â&#x201A;| Â&#x201A;  ~Â&#x153;{~Â&#x201C;|  Â&#x17E;~ | Â&#x17E;Â&#x2022;} | Â&#x17E;Â&#x2022;}| Â&#x201C;Â?Â&#x2018;Â&#x17E;| Â&#x17E;j| qÂ&#x2022;Â&#x2022;Â&#x2013; | Â?Â&#x203A;|  Â&#x2022;| Â&#x17E;j{|ÂŁÂ&#x2019;Â&#x153;| Â&#x2019; Â&#x20AC;| Â&#x2022;Â&#x2022;Â&#x; Âż Â&#x17E;j{j | Â&#x201A;Â&#x2022; Â&#x17E;Â&#x2019;Â&#x201A;Â&#x153;| | }Â&#x2022;Â?qz| Â&#x201A;Â&#x2022; | zÂ&#x2022;| ¨Â&#x2022;{|  Â&#x17E;Â&#x2019; | ÂŁ{~ŠjÂ&#x20AC;| Â&#x2019;Â&#x201A; Â&#x203A;Â&#x2019;{~ Â&#x2019;Â&#x2022;Â&#x201A;~q| }Â&#x2022;Â&#x201C;~Â&#x201A;Â&#x;| jÂ&#x201A;Â? Â&#x20AC;| Â&#x17E;Â&#x2022;}| fortunate I am to have Â&#x192;Â&#x2022;Â?|~ |Â&#x201C;Â&#x192;| Â&#x2019;  j{Â&#x20AC;Ă&#x201A;|{j~z | the caption.
Dream Davis Cup start for S/Africa
Injured Serena withdraws from Swedish Open
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he Chinese governmentâ&#x20AC;&#x2122;s intervention to prop up its stock market has damaged the countryâ&#x20AC;&#x2122;s reputation and risks alienating international investors, according to the head of the worldâ&#x20AC;&#x2122;s largest asset manager, FT reports. Larry Fink, chief executive of BlackRock, warned that foreign investors could refuse to play in the Chinese markets if they perceive them to be rigged. â&#x20AC;&#x153;By putting in these blockages and restrictions, it looks like the markets are artificial,â&#x20AC;? he said, referring to the string of emergency government measures designed to halt a plunge in equity prices. â&#x20AC;&#x153;If they continue to prop it up artificially there are going to be fewer global participants when they open it. It is imperative that China continues on its path of reform and liberalisation by allowing more people to participate.â&#x20AC;? BlackRock, which manages $4.7tn globally, has several of the rare licences granted to foreign investors for trading shares on the Chinese domestic market. Mr Finkâ&#x20AC;&#x2122;s comments were among several reflections on global markets after BlackRock reported its first quarterly outflows since 2012. Volatility in China and eurozone markets has shaken investorsâ&#x20AC;&#x2122; complacency, he said, and that is not necessarily a bad thing. â&#x20AC;&#x153;We need scary weeks,â&#x20AC;? he said. â&#x20AC;&#x153;Scary weeks make the market more secure. The absence of scary weeks leads to irrational exuberance.â&#x20AC;?
The plunge in the oil price lay behind the $7.3bn outflow from BlackRock funds in the second quarter, as sovereign wealth funds in oil-rich nations were among 10 large clients that pulled $40bn in total from equity funds. Inflows into BlackRockâ&#x20AC;&#x2122;s highest-priced alternative investments and exchange traded funds helped offset the losses, and the companyâ&#x20AC;&#x2122;s net income edged up to $819m for the quarter from $808m a year ago. Overall, revenues for the quarter climbed to $2.91bn, eclipsing analystsâ&#x20AC;&#x2122; forecasts of $2.86bn, and up from $2.79bn a year earlier. Assets under management dropped to $4.72tn from $4.77tn in the previous quarter, but were up from $4.59tn a year ago. As the worldâ&#x20AC;&#x2122;s largest asset manager, BlackRock had been under scrutiny by regulators over whether it poses a risk to the financial system and whether it should be subject to additional reporting or capital requirements. However, the company and other large managers have fought off the risk of new firm-specific rules. Instead, as the FT reported on Tuesday, international regulators are focusing instead on industry-wide standards. Mr Fink said: â&#x20AC;&#x153;It has always been our view [we should have] a regulatory regime focusing on activities, such as those that employ leverage or those that cause liquidity mismatch issues. These are the areas that need to be reviewed.â&#x20AC;?
ussia is prepared to trade military hardware for Thai rubber, fruit and vegetables as Moscow seeks to boost its ties with Asia amid worsening relations with the West over the Ukraine crisis, news reports said recently. Russian Trade Minister Denis Manturov said recently that Russia intends to sell Thailand more than $160 million worth of weapons in exchange for an amount of rubber valued at around the same price, RIA Novosti reported. A contract on the purchase of at least 80,000 tons of rubber should be signed by September, with the delivery to come next year; Manturov was quoted as saying by RIA Novosti. He added that the deal would not be a â&#x20AC;&#x153;direct barter,â&#x20AC;? as Thailand is likely to buy more weapons than Russia buys rubber. Also on Wednesday, Oleg Siyenko, the CEO of Russian tank and train maker Uralvagonzavod, said his company was ready to sell both civilian and military equipment to Thailand in exchange for fruit and vegetables. These barter arrangements come as Russia looks to boost its trade ties with Southeast Asia as U.S. and EU sanctions on Moscow over its role in the Ukraine crisis choke off investment from the West. Prime Minister Dmitry Medvedev visited Thailand in April, becoming
the first Russian prime minister to visit the country in 25 years. During the visit, Thai Prime Minister Prayut Chan-o-cha said the countries were intent on boosting trade turnover from the current $5 billion to $10 billion by 2016. Manturov also said Wednesday
that Thailand had expressed interest in creating a free trade zone with the Eurasian Economic Union (EEU), a Russia-led economic alliance of post-Soviet states, RIA Novosti reported. Nearby Vietnam signed a free trade agreement with the EEU in May.
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he Asian Development Bank (ADB) has cut its 2015 and 2016 growth forecasts for China and the rest of Asia, largely as a result of the slower than expected growth in the regionâ&#x20AC;&#x2122;s largest economy and in developed economies elsewhere, reports Business Insider. Developing Asia is now expected to grow 6.1 percent and 6.2 percent this year and in 2016 against the ADBâ&#x20AC;&#x2122;s March forecast of 6.3 percent for both years, the bank said in its 2015 outlook supplement released on Thursday. Growth in East Asia is still seen as sub-
dued with lower-than-forecast output across the region. Chinaâ&#x20AC;&#x2122;s growth is seen moderating to 7.0 percent this year and 6.8 percent in 2016 compared to March estimates of 7.2 percent and 7.0 percent, the bank said. The ADB raised slightly its 2015 forecast for South Asia to 7.3 percent against 7.2 percent in March, as an expected strong outturn in Bangladesh offsets weak growth in disaster-hit Nepal and with Indiaâ&#x20AC;&#x2122;s economy seen supported by strong farm growth and fresh investments. Southeast Asiaâ&#x20AC;&#x2122;s growth is seen a shade
weaker at 4.6 percent this year and 5.1 percent next year compared to March estimates of 4.9 percent and 5.3 percent following disappointing economic output in the region so far this year, the ADB said. Indonesia, the largest economy in Southeast Asia, is expected to grow at 5.0 percent this year before rising to 5.6 percent in 2016, lower than March estimates of 4.9 percent and 5.3 percent, as reforms of the new government take time to materialize and state spending slowed. Inflation in the region in 2015 is now forecast to be a slightly lower at 2.4 percent, compared to the 2.6 percent seen in March.
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ccording to the Telegraph of UK, house buyers borrowed more money in June than in any month since the financial crisis, as the pre-election lull in the market was swept aside by buyers surging back to the market. Home purchase loans came to a total of ÂŁ20.5bn in June, according to the Council of Mortgage Lenders - the highest level seen since July 2008. That represents a 29pc rise compared with Mayâ&#x20AC;&#x2122;s lending figures, and a 15pc rise compared with June 2014. Across the second quarter, lending hit ÂŁ52.2bn - a rise of 17pc on the first quarter of the year, but only a 1pc increase on the second quarter of 2014. That indicates much of Juneâ&#x20AC;&#x2122;s surge was spending that had been delayed as cautious buyers and sellers waited until the election was past. Labour and Liberal Democrat policies such as a mansion tax may have put some buyers off committing to buying expensive houses. Some land-
lords and those considering buy-to-let purchases were concerned by potential changes to the way rental contracts worked, and a potential overhaul of taxation on second homes also delayed some decisions on buying property. However, since the Conservative party won an unexpected overall majority, those worries have dissipated. Nonetheless, economist Mohammad Jamei from the Council of Mortgage Lenders said the high price of property could limit the pace of further growth in the sector. â&#x20AC;&#x153;Activity is picking up after a slow start to the year. Our lending figure for June may be flattered by the end of political uncertainties related to Mayâ&#x20AC;&#x2122;s general election, and the underlying picture is likely to be one of only modest recovery,â&#x20AC;? said Mr Jamei. â&#x20AC;&#x153;This should be supported by favourable conditions in the economy, though it will be limited by rising house prices and affordability pressures.â&#x20AC;? In addition, the buy-to-let sector is reeling from the news that the Chan-
cellor is scrapping tax relief for highearning landlords. This could knock demand for new purchases and encourage some investors to sell up. Any increase of supply into the housing market could also depress prices.
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uerto Rico said one of its agencies failed to transfer funds to a trustee to cover an Aug. 1 debt payment because the legislature didnâ&#x20AC;&#x2122;t appropriate the funds when it passed the budget last month. Itâ&#x20AC;&#x2122;s unclear whether the Public Finance Corp. will make the $36.3 million principal and interest payment on bonds maturing that day. If it doesnâ&#x20AC;&#x2122;t, that would mark the first time Puerto Rico has defaulted on a debt payment and would come as the commonwealth seeks to negotiate with creditors to restructure $72 billion of obligations. â&#x20AC;&#x153;In accordance with the terms of these bonds, the transfer was not made due to the non-appropriation of funds,â&#x20AC;? Melba Acosta, president of the commonwealthâ&#x20AC;&#x2122;s Government Development Bank, said in an e-mailed statement. The trustee, U.S. Bank, declined to comment, Pat Swanson, a spokesman for the
bank, said in an e-mail. Last month, lawmakers included about $300 million in the current budget to repay
GDB debt. The bank may be able to use the money to pay bondholders next month, though it would need legisla-
tive approval to do so. The legislature is out of session until mid-August. Debt of the Public Finance Corp., which has borrowed to help pay the governmentâ&#x20AC;&#x2122;s bills, traded July 1 at an average 68 cents on the dollar, a record low, according to data compiled by Bloomberg. â&#x20AC;&#x153;While the payment is not large and is primarily due to on-island creditors, the payment is likely to be the first skipped coupon by a GDBbacked entity,â&#x20AC;? Daniel Hanson, an analyst at Height Securities, a Washington-based broker dealer, wrote in a July 13 report. Puerto Rico is in need of cash because investors have effectively closed the islandâ&#x20AC;&#x2122;s access to the capital markets by demanding high interest rates. The development bank, a source of available cash for the commonwealth, had $778 million of net liquidity as of May 31, down from $2 billion in October. To avoid running out of cash by Sept. 30, the bank wants to exchange
its notes for longer-maturity debt. Another $140 million of development bank bonds mature Aug. 1, Bloomberg data show. The GDB said last week it may purchase its notes â&#x20AC;&#x153;from time to timeâ&#x20AC;? with cash, new securities or a combination. Such purchases are expected to be at prices â&#x20AC;&#x153;that are materially less than par,â&#x20AC;? according to a filing through the Municipal Securities Rulemaking Board. Governor Alejandro Garcia Padilla last month directed island officials to create a debt-restructuring plan by Aug. 30. The governor says Puerto Rico cannot afford to repay what it owes. The islandâ&#x20AC;&#x2122;s financial crisis has drawn attention in Washington. Key Democrats including U.S. Senator Chuck Schumer, who represents New York, are backing legislation that would allow Puerto Ricoâ&#x20AC;&#x2122;s public corporations to file for Chapter 9 bankruptcy protection, just as U.S. cities can. A bill to do so has stalled for lack of Republican support.
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hinaâ&#x20AC;&#x2122;s lifting of restrictions on bond purchases by foreign central banks is likely to spur buying, given the banksâ&#x20AC;&#x2122; keen interest in yuan assets. Right after the Chinese central bank announced the change Tuesday, Jukka Pihlman, head of central banks and sovereign-wealth funds at Standard Chartered Bank, was caught by calls from clients and had to cancel his planned day off. His clientsâ&#x20AC;&#x201D;central banks and sovereign-wealth fundsâ&#x20AC;&#x201D;are excited about free access to the $6.1 trillion bond market. Their demand for China bonds has long been robust, Mr. Pihlman said, but until now entering the worldâ&#x20AC;&#x2122;s third-largest debt market has required a lengthy and cumbersome application process. It could take â&#x20AC;&#x153;several months to over a year,â&#x20AC;? Mr. Pihlman said, citing his experience helping central banks to get approval stamps. And what the approval stamps provided was a quota, so their purchases were limited.
But now central banks, sovereign-wealth funds and international financial institutions such as the World Bank need merely to register with the Peopleâ&#x20AC;&#x2122;s Bank of China before they investâ&#x20AC;&#x201D; â&#x20AC;&#x153;one form with two pages,â&#x20AC;? Mr. Pihlman said. â&#x20AC;&#x153;The process seems so much easier now.â&#x20AC;? He believes the free bond access will â&#x20AC;&#x153;spur a new wave of public-sector investment in Chinaâ&#x20AC;&#x2122;s onshore market.â&#x20AC;? Beijing lifted the restrictions as it pursues International Monetary Fund recognition of the yuan as an official reserve currency on par with the U.S. dollar, the Japanese yen, the euro and the pound sterling. An IMF decision is expected later this year. Winning that status could elevate Chinaâ&#x20AC;&#x2122;s role in global financeâ&#x20AC;&#x201D;though the yuan, whose value is still tightly controlled by the government, is unlikely to pose a serious challenge to the dollar soon. Standard Chartered estimates that more than 60 central banks have invested in the yuan, including deposits and bonds. As of the end of April, foreign central
banks held about $107.5 billion of their official reserves in yuan, according to PBOC data. Hong Kongâ&#x20AC;&#x2122;s de facto central bank, the Hong Kong Monetary Authority, said it welcomes the change. â&#x20AC;&#x153;We believe that the measure will help broaden investor base and promote market depth and liquidity of the mainland interbank market, which in turn will benefit the investors,â&#x20AC;? it said in an emailed response to The Wall Street Journal. The HKMA didnâ&#x20AC;&#x2122;t say whether it will put more money of its Exchange Fund, which manages Hong Kongâ&#x20AC;&#x2122;s $340.8 billion foreign reserve, into Chinaâ&#x20AC;&#x2122;s onshore market. It has already been buying $12 billion in China bonds through two programs allowing foreign investors to buy the countryâ&#x20AC;&#x2122;s onshore stocks and bonds. Standard Chartered estimates that more than 60 central banks have invested in the yuan, including deposits and bonds. An earlier version of this article incorrectly said it estimates 60 central banks have bought China bonds.
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uring our last peer into the United Nationsâ&#x20AC;&#x2122; Human Development Index, we analysed Nigeriaâ&#x20AC;&#x2122;s position on the United Nationâ&#x20AC;&#x2122;s Human Development Index. That analysis was based on the 2013 index. With the2014 edition of the index out, we endeavour this week to track Nigeriaâ&#x20AC;&#x2122;s progress as we move closer to 2020, our target year of being among the among the twenty largest economies in the world by 2020. The Human Development Index (HDI) is a comparative measure of life expectancy, literacy, education, standards of living, and quality of life for countries worldwide. It is a standard means of measuring well-being, especially child welfare. It is used to distinguish whether the country is a developed, a developing or an underdeveloped country, and also to measure the impact of economic policies on quality of life. The index was developed in 1990 by Pakistani economist Mahbub ul Haq and Indian economist Amartya Sen. Of the 185 countries under the spotlight for 2014, Norway retained the number one position with 0.955 points. The countries with the lowest points scored in the ranking are the democratic republic of Congo and Republic of Niger, with 0.304 apiece. Nigeria scored 0.471 points, up from 0.459 last year to occupy the 153rd position on the global table, as against 156th last year. Although the 2014 results do not show appreciable improvement relative to the 20: 2020 vision, there is improvement. This is despite the ongoing drawbacks consequent to the situation in parts of the country. Of the forty largest economies in the world, according to the 2014 ranking, Nigeria, like last year, occupied the 40th position. This means that Nigeria, on the indicator of human development index, must notch up 20 positions to meet the United Kingdom in the 20th place. Whereas Nigeria scored 0.471 points in 2014, the UK scored 0.875. The implication is that Nigeria has 404 positions to move up to. But whereas Nigeria notched up three positions between last year and this year, the UK nicked two,
which gives Nigeria an advantage of only one notch. Human development is a general concept that shows the efforts of politicians to increase the standards of living and economic health. These efforts are about human development, health care, safety, vital foundation, regional competition, sustainable environment, social security and literacy. Human development is something more than an increase or decrease in national income. It is about making an environment in which people can reach their maximum potential and have a better and more creative life according to their needs and interests. People are the main wealth of a nation and development is about expansion of their choices to get a kind of life that is worth to live. So it is more than just economic growth which is only a quantitative concept. Expansion of these choices would make them more capable and raise their capacity, so they can
have a longer and healthier life to gain knowledge, get the needed resources for standards of life and the ability to participate in the social life. Without many of these factors, lots of choices would be out of reach and the majority of opportunities remain untouchable. A number of economists valued the concept of economic development, and the framework was placed beyond the quantitative concepts and they knew the development, social structures and cultural phenomena and believed that further development is a qualitative change rather than a quantitative one. In 70s, there were certain doubts about quantitative index and some started to introduce qualitative index such as: health, nutrition, education and mortality rates. On the other hand individuals need three basic resources: income, health care and education. Income can buy basic
and necessary goods for living, meanwhile good health care, increases the physical abilities to achieve and enjoy the results of products and life. Education increases opportunities and choices with the opportunity to increase efficiency. Increased income is one of the main ways to increase choices and the welfare. Of the many development opportunities available to Nigeria to improve her income, and by implication, her wealth, is in the area of intellectual property rights. The Australian Journal of Business and management Research (AJBMR), found in a study released in December 2011, titled, The Effect of Intellectual Property Rights and Information and Communication Technology on Human Development Index in Developing Countries During 2005 â&#x20AC;&#x201C; 2010 revealed that using fixed effects panel data for 16 countries from 2005 2010, support for a positive and sig-
nificant relationship between intellectual property rights, Information and communication Technology and human development is found. The findings of this paper offered several economic insights. First, as economic theory suggests, countries with secure intellectual property rights are able to grow faster partially because of more rapid technology growth and entrepreneurial activity and human development index increases as well. The empirical evidence also supports the idea that developing countries gain lots of benefits from positive changes to their legal structures and property rights. This should be a message to the federal government to increase its crackdown on piracy in the country. Also, the need to focus more intently on high quality education cannot be over-emphasized, even as we inch closer to our target year, 2020 each day.
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" !
FCT Digest Newswatch TIMES
41
MONDAY, JULY 20, 2015
Task team arrests two vehicles fitted with 200 litres petrol drums in Abuja Isah Idris, Abuja
T
he Federal Capital Territory Special Task Team on City Cleaning and Management has assured that it would do everything possible to safeguard the lives and properties of the residents of Abuja. This assurance was given by the Chairman of the team who is also the FCT Police Commissioner, Mr Wilson Inalegwu, after an emergency meeting to review the performance of the task team in Area 11, Garki I District Abuja. The Police Commissioner reiterated that no stone would be left unturned to safeguard the residents of the Federal Capital Territory; noting that anything that poses danger to the well-being of the residents won’t be spared. Mr Inalegwu called for cooperation by partnering with the members of the special task team to rid the Federal Capital City of all environmental nuisances. The police commissioner emphasised that the task team has put some viable mechanisms on ground to identify bad eggs within its members. He remarked that those selling petrol in jerry cans will make the city unsafe and “we will go after them” as well as those operating unpainted taxis, because such can be used for ‘one chance’ or kidnap operations. His words: “We must have records of all com-
Kola Olawoyin
I
Former FCT Minister, Bala Mohammed
mercial taxis operating in Abuja and that is why the task team and particularly j| M j{ |~ z| j | ¨| j| {j {~ j| ¨| ~z| {~M | Services (VIO) are enforcing it”. Inalegwu said that commercial motorcycle (Okada) is banned in the Federal Capital City and remained banned; while the Keke NAPEP operators must remain in the restricted desig-
nated areas. He warned that pedestrian bridges are for road crossing and not for commercial activities; stressing that anyone caught violating the regulation would face the full wrath of the law. According to the chairman, the task team was set up to keep the city clean and any unwholesome practices would be kept at bay.
The police commissioner assured that the task team } qq| j©j{| } { | | Ð | hardship or discomfort on any resident of Abuja. Meanwhile, the chairman paraded two vehicles `Fjz| } | ~£ | } | dred litres of PMS (petrol) drums each totalling 400 litres, earlier arrested by the team and therefore used the occasion to advise residents to stop illegal activities.
FCTA revenues must be paid to only approved banks, Perm Sec insists Isah Idris, Abuja
A
ll the revenue-generating agencies in the Federal Capital Territory Administration have been directed to ensure that revenues accruable to the administration are properly paid into designated banks. FCT Permanent Secretary, Mr John Obinna Chukwu, gave this directive, while commissioning the FCT Di{j {~ j| ¨| ~z| {~M | j{vices (DRTS) ICT Training Centre in Mabushi District, Abuja While saying that it is not business as usual, the Permanent Secretary emphasised
One chance robbery thrives in Abuja
that bank accounts records } qz| £j| ©j{ `jz| ¨ {| {~ parency and accountability. He stressed that all infrac |~ ~ | j{© j|` ~ ~q| and administrative due processes; rules and regulations } qz| ~F{~ | { | ~ | and possible prosecution. His words: “All revenues generated should be properly accounted for and paid to only authorised accounts as {j {z |} qz|£j|©j{ `jz Chukwu also instructed ~ |~qq| M j{ |~ z| j | ¨| j| FCT Directorate of Road Traf` | j{© j | qz| ~z j{j| | the change mantra of the Fed-
eral Government under the leadership of President Muhammadu Buhari. Thus, the Permanent Secretary implored the manage j |~ z| ~9| ¨| j| | | j ¨ |j9 { | | j| | enforce the regulations on the ban on motorcycle, restriction of tricycles, un-painted taxes, illegal mechanic workshops and illegal car marts. He admonished the motoring public to always obey {~M |{ qj |~ z|{j q~ Chukwu however assured the residents of the territory of the FCT administration’s continued commitment to
j {j| jM j | ~ z| jµ jqqj | service delivery. Welcoming guests to the occasion, the Director of the FCT Directorate of Road Traf` | j{© j | ~ ~| ~{£~ | announced that the Directo{~ j| | | j9 { | | { ©j| service delivery through seamless vehicle registration system, has established six additional drivers’ licensing centres in the territory. He however pleaded with the FCT Administration to provide the directorate with additional manpower to help {£| j| Ð µ| ¨| ©j qj | into the city.
ncidents of ‘one-chance’ robbery are on the increase in Abuja and its adjoining communities. The dare-devil robbery gangs now operate at random, dispossessing unsuspecting commuters of their ©~q ~£qj | ~ | z 9j{j | ~{ | ¨| the Federal Capital Territory, leaving some of them maimed or severely injured after being thrown out of fast moving vehicles. Residents of Abuja are apprehensive of the unabated activities of the criminals as there seems to be no respite in sight despite of police assurance of curtailing criminal activities in the FCT. Investigation conducted by the Newswatch Times revealed that some night cab operators in Abuja are criminals and they ~©j| z 9j{j | zj | ¨| j{~tion to hoodwink their hapless victims. Some of them will park their taxis at major motor parks waiting for night travellers while others patrol major highways in the city for victims. Another set of the criminals patronise popular night clubs/hotels and recreational gardens looking for tipsy “passengers”. A resident, Mr Mike Okeke, told our man that “the safest way to move in Abuja at night is to drive your own car, it is ©j{ | z M q | | }| } | | who since they don’t write onechance on their forehead and the police cannot just stop, arrest or harass every motorist at night, it is a very complex situation”. There is also the story of a lady who boarded a one-chance cab recently in Area 2 Garki, when the criminals were said to have threatened to stab her in broad day light. They manhandled her, collected her phones and N42, 000 before pushing her out. A worrisome new dimension to the one-chance menace is the involvement of Keke-NAPEP operators in the nefarious activity. A victim, Mr Olalekan Aiyelotiti, narrated his experience last week after a Keke NAPEP operator dispossessed him of his expensive Android phone. “It was around 11.15 p.m., I chartered the tricycle at Gudu to take me to Embora Global ~ j | | jF | | j|¨{ | ¨| the National Assembly Quarters the tricycle suddenly stopped and the driver went to the back to check the engine, I also got down to check what was amiss and even put on the light of my handset to assist him” ¿ ¨ j{| `zzq | } | jthing for a while, the driver asked for my phone to check the ignition and also beg me to help him hold the engine cover. Immediately he entered the tricycle he just started the engine and Á jz| 9 |qj~© | j|~q j| | the highway like a fool”.
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C
ould there ever be better advice for a whistleblower? â&#x20AC;&#x153;When is it ever wrong to do the right thing?â&#x20AC;? Simple. Absolute. Definitive. Except when someone puts it into practice. Then it can get messy. James Holzrichter had been trying to follow those words of counsel from his father throughout his life. He believed he was doing the right thing when as an eager young analyst and systems auditor in the 1980s for the American aerospace and defense technology company, Northrop (later Northrop Grumman), he brought some problems of materials acquisition and management to his supervisor. Ultimately, he discovered anomalies that lead to alleged fraud of overcharging the government and selling it defective equipment, a qui tam suit against Northrop and â&#x20AC;&#x201D; ultimately â&#x20AC;&#x201D; a 17½ -year ordeal in which Holzrichter would lose his job and his health. The aerospace community would blackball him, and he would have to deliver the Chicago Tribune newspaper for a living. Holzrichter and his family would live in a homeless shelter and later subsidized housing. Attempts would be made against him, and his son and his daughterâ&#x20AC;&#x2122;s lives. But he persisted. And finally on March 1, 2005, Northrop Grumman settled with the U.S. government for $134 million, which included portions for Holzrichter and another whistleblower plus attorney fees and other costs. The longest False Claims Act qui tam case in U.S. history was over. Holzrichter was vindicated, but at a terrible price. A MISTAKE AND A COVER-UP During that meeting with his supervisor, he reported that someone had accidently determined that a substantial quantity of electronic cables for the research and development of a Northrop project had been scrapped and wiped from inventory with tracking records reflecting that they were excess and no longer needed. However, they were, in fact, still needed and would have to be reordered from the vendor whoâ&#x20AC;&#x2122;d be paid a second time for the same part. The new order hid the fact that the same cable was being ordered a second time by changing three numbers at the end of the parts designation. Somebody intentionally hid the redundant billing to the government under the guise of new parts rather than acknowledge the error. Holzrichter was concerned not with the human error but that it had been covered up, and the parts were charged to the government a second time. Also, on more than one occasion other ordered parts were wiped from the system and disposed of on delivery. If theyâ&#x20AC;&#x2122;d been determined to be faulty on delivery, they shouldâ&#x20AC;&#x2122;ve been returned to the vendor for replacement or credit. â&#x20AC;&#x153;What I most especially did not know at that time [of the meeting] and would not even begin to grasp until sometime later (and only when it was too late) was that I had just crossed what was probably the single most significant invisible and irreversible line in this entire journey,â&#x20AC;? Holzrichter wrote in his 2011 book, with Patrick A. Horton, Ph.D., â&#x20AC;&#x153;A Just Cause: A True Story of Courage, Hope, & the Integrity of the American Dream.â&#x20AC;? â&#x20AC;&#x153;At that moment, the nightmare that was to become my life and that of my longsuffering family had been set in stone,â&#x20AC;? he wrote. â&#x20AC;&#x153;It was not that I had just officially pronounced finding problems with procedures and possibly a few rogue employees: I had discovered the first visible signs to institutionally intentional and pervasive practices that if fully known and verifiable by the right parties, could threaten the very existence of the company itself.â&#x20AC;? For his courage and tenacity, the ACFE honored Holzrichter with the 2015 Sentinel Award at the 26th Annual ACFE Global Fraud Conference in June.
Fraud Magazine spoke to Holzrichter from his home in McHenry, Illinois. In your book, you write that when you told your supervisor about more of your findings that the company was inflating its inventory he said this â&#x20AC;&#x153;was standard practice at a time of year when programs and projects had to meet milestones to keep billing the government, and having the noted flow of parts made it look like they were on track.â&#x20AC;? What was your reaction to his answer? I was disappointed with him. I felt I couldnâ&#x20AC;&#x2122;t trust him anymore. Even more so after returning from an attrition committee meeting when he said the loss at that time to the government for just a few parts was $200 million. And I asked â&#x20AC;&#x153;Why donâ&#x20AC;&#x2122;t we just give the money back and admit there is a problem?â&#x20AC;? He said they couldnâ&#x20AC;&#x2122;t because they had already spent the money. He also said that I was safe because I had reported the issues to him, and he had told his boss so we were protected from prosecution. But he didnâ&#x20AC;&#x2122;t know that isnâ&#x20AC;&#x2122;t the case; just because you tell someone and then you do nothing, that isnâ&#x20AC;&#x2122;t a protection. If you know of an ongoing felony â&#x20AC;&#x201D; and do nothing â&#x20AC;&#x201D; you can be charged for it and go to jail. What happened when you told your bossâ&#x20AC;&#x2122; supervisor? She told me to stop. So, my supervisor moved my desk to an isolated location and told me to keep looking into the issues and keep developing more comprehensive reports, which vice presidents of the corporation and program directors began to use. After your bossâ&#x20AC;&#x2122; supervisor told you to stop investigating, the head of internal investigations accused you of passing Northrop documents in boxes to someone at a gas station. How did you respond to this? What was the outcome of meeting with him? I was stunned because this never happened. It wasnâ&#x20AC;&#x2122;t till another time in the future that I was contacted by federal agents and started bringing documents outside of the company. I never took the originals out but copies because it can be found to be illegal to remove documents from the building even if you are giving them to federal agents. Several whistleblowers have paid the price for this by judges ordering all documents to be
returned to the company and dismissing the suit. What other problems did you find after that initial discovery? In the fourth quarter of every year, a large influx of non-conforming material was hitting inventory and inflating inventory numbers. Non-conforming material is any material that doesnâ&#x20AC;&#x2122;t meet the original specifications on the engineering drawings or fails in some fashion during production and testing. It then needs to be isolated from general inventory until engineering decides what to do with it and the customer signs off on the decision to use it as is, repair it, scrap it or return it to vendor for replacement or repair. When I brought this to my supervisorâ&#x20AC;&#x2122;s attention he told me it was standard operating procedure to have enough inventories in house to satisfy â&#x20AC;&#x153;government milestonesâ&#x20AC;? [predetermined benchmarks] for payout on contracts to show that Northrop could move ahead with production. Northrop knew the material was defective and it had even returned it to the vendors for repair. But they contacted the vendors to send the material back even knowing they couldnâ&#x20AC;&#x2122;t use it, but it would still show in inventory to satisfy the customer. And the only customer they had was the U. S. government. We [Holzrichter and Rex Robinson, a Northrop engineer, who filed the qui tam suit with him] alleged an inflated â&#x20AC;&#x153;build of materials.â&#x20AC;? A build of materials is the list on the computer of all of the parts in a â&#x20AC;&#x153;black boxâ&#x20AC;? that go into building it and phantom parts. A black box is the piece of electronic equipment that Northrop is building for the customer. As programs progress, and there are legitimate engineering changes, the black boxes undergo modifications as to what is actually in them. How can you charge for them if you donâ&#x20AC;&#x2122;t know whatâ&#x20AC;&#x2122;s inside them? The build of material needs to be maintained and made accurate as these changes take place. New parts get added and old parts get taken out. In some cases, Northrop wasnâ&#x20AC;&#x2122;t doing this. Also, when parts were scrapped, Northrop needed to give money back to the customer for salvaged parts, and it wasnâ&#x20AC;&#x2122;t always doing this. In December 1988, for the first time in the history
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of the company, the attrition numbers were negative, which caused the customer â&#x20AC;&#x201D; the U.S. government â&#x20AC;&#x201D; to not sign off on the end of year report because they were secretly slipping back into the books the credits they felt should be there without letting them know what they were doing. We alleged all of this. Also, when they were doing an actual inventory on closed and completed programs Northrop found $9 million to $11 million of excess inventory, which they had separated out of the actual inventory to get rid of it. I was at the attrition committee meeting that had decided to go back to closed and negotiated contracts so the customer would never look at them again. Northrop would create what they said were phony purchase authorization numbers and transfer the excess onto those numbers on the computer and dispose of the parts so the customer would never find out about it. This is what could lead to what is known as a â&#x20AC;&#x153;forward or follow-on pricing schemeâ&#x20AC;? â&#x20AC;&#x201D; the history would show the consumption of the parts and when subsequent contracts are negotiated these parts would be built into the bid but Northrop would know it didnâ&#x20AC;&#x2122;t need them. The standard automatic 10 percent increase in profit would also be automatically assessed to the new contract so you see an $11 million excess inventory adds up to a lot more than that. At that point, did you realize that the alleged frauds were systemic? Yes, and I was getting the proof out to federal agents because I didnâ&#x20AC;&#x2122;t want to take the fall for the corporation. I was also telling my supervisor as well as writing about it in different reports to upper management, but they never got in touch with me to correct the problem other than my bossâ&#x20AC;&#x2122; supervisor jumping down my throat for exposing some issues she was supposed to prevent from happening. In January of 1988, you received a call from Richard Zott, a federal agent with the U.S. Department of Defense Criminal Investigative Service. What did he want and how did you respond? Can you describe your relationship with Zott through the years? Richard said he was aware that I knew of some problems that Northrop had, and he wanted to talk to me. He never told me until later that he had gotten my name from Rex Robinson, who would be my co-relator [co-whistleblower] in the later qui tam case. I told Richard I couldnâ&#x20AC;&#x2122;t verify his credentials; so I would let Northrop know he had called me and they would verify his credentials and set up a meeting with him. He told me the reality was that I would go into work the next day and tell them he had called me, and in five minutes they would have me in front of their corporate lawyers and scare the hell out of me, and I wouldnâ&#x20AC;&#x2122;t talk to him. He then paused for a few seconds and said he would then come to see me with handcuffs and put me in prison, and I said right away, â&#x20AC;&#x153;What time can you be here tomorrow?â&#x20AC;? Over the years our friendship continued to grow so that even now after he has retired from federal service we still talk and get together as we did last month in St. Louis where he now serves as the chief public safety officer for the cityâ&#x20AC;&#x2122;s public transportation. He told me that during his work on the case at some point it changed for him. Because of the things that we had suffered as a family, he felt that if he and his fellow agents had failed it was not just that the country would have lost money but he felt would have failed us. It became personal for him to not let that happen. I came to cherish our relationship and felt closer than a brother to him. You spent many months surreptitiously collecting incriminating documents, taping them to your body and smuggling them out of the building. What kind of emotional and psychological toll was this taking on you? I was so scared and the impact is still with me today. I couldnâ&#x20AC;&#x2122;t tell my wife what I knew nor did she want to know. She believed our home phone was tapped â&#x20AC;&#x201D; and [Agent] Richard Zott verified it was â&#x20AC;&#x201D; and she felt if they knew that she knew nothing, they wouldnâ&#x20AC;&#x2122;t have a reason to take her life. She really felt that I was probably going to be killed, so she took out several low-cost double indemnity insurance policies. She felt that if I was killed, it would be made to look like an accident, and if she didnâ&#x20AC;&#x2122;t know anything they wouldnâ&#x20AC;&#x2122;t hurt her and she would still be there for the children. Can you briefly describe the contentious meeting you had with Colonel Lambert, the top-level, Department of Defense, in-house authority and his government monitors and financial auditors? How did that impromptu meeting occur? In early 1989, Northrop was doing a massive layoff and [Agent] Richard Zott and I were concerned that the
documents I had been keeping at my desk in the event of a raid â&#x20AC;&#x201D; that he thought was going to happen â&#x20AC;&#x201D; would be compromised and lost. So, he suggested I reach out to one of the in-house government employees at Northrop to secure those documents if I was laid off. I spoke with one of them and that person reported it up the food chain where it stopped at the desk of Colonel Lambert, the in-house government rep in charge of all the reps. He was a full-bird colonel. He came across as if he were god, and was to be treated as such. When I was brought to his office he was very put out that I had not come to him with my concerns rather than to Richard. He put me on the defensive. He brought me through an open door where there were virtually every government monitor and financial auditor assigned to the facility â&#x20AC;&#x201D; about 25 Defense Contract Audit Agency auditors and Defense Contract Administration Services â&#x20AC;&#x201D; staring at me. They all started accusing me of not knowing what I was talking about and were very defensive about their jobs. It got ugly fast. I got angry and said they were too compartmentalized to know what Northrop was doing. I told them I saw everything that was happening while they were seeing; at the most, maybe a small bit of the picture at a time and only what Northrop wanted them to see because, after all, Northrop trained them in the use of the computer they needed to track inventory and contract issues. I told them I was not going to discuss it further with them and they had my permission to take it up with the federal agents that were conducting the investigation. I left after the colonel said that the person I contacted could secure the documents if I was laid off. It seems like it was the beginning of the end for you at Northrop when a U.S. attorney actually called you at your work desk. Eventually, the head of security called you into his office and said, â&#x20AC;&#x153;We know we have a spy in our midst, Jim, and his name is James Holzrichter.â&#x20AC;? What was the fallout after that? Can you describe how you left the company? I was under unrelenting harassment. The corporate attorney kept telling me what I could and could not do and the CEO always wanting to talk to me. I had to leave after an anxiety attack that mimicked a heart attack landed me in the hospital. My primary doctor put me on a medical leave of absence for situational anxiety. Northrop was only too glad to have me out of the building until I was constructively discharged. Why would it take 17½ years for this alleged fraud case to resolve? Bringing suit under the provisions of the False Claims Act is somewhat different than other court issues. When a relator makes his or her allegations the case is filed under seal. Under the original law written by Abraham Lincoln the seal provision did not exist but was added in 1986 to allow the Department of Justice [DOJ] to verify the allegations of the claimant to see if first there are grounds for criminal indictments and two whether or not the DOJ wants to join in any civil litigation with the relator. The seal is automatic and the first one is 60 days, with the DOJ given permission to seek to extend it for cause, which many courts say that them just asking for it is cause enough. In my case, the assistant U.S. attorney general [AUSA] convened a grand jury to review evidence that was subpoenaed at the beginning of the case, and it ran for two years without indictments being handed down for criminal prosecution. Then the AUSA reconvened another grand jury for another year and a half to continue their investigation. This grand jury expired with the meeting in my attorneyâ&#x20AC;&#x2122;s office between Gordon Jones, the director of commercial litigation, fraud, for the DOJ, who would determine if the government would join in on a qui tam suit, and Agent James Bradburn from the Air Forceâ&#x20AC;&#x2122;s Office of Special Investigations. It was now almost four years old by the time the DOJ declined to intervene in the case before we could even begin to start going to court to seek documents under the rules of federal civil procedure governing discovery. After the DOJ formally declined, my attorneys realized the case was just too large for them to take on themselves and they sought help from six other law firms to spread the expense and risk so by the end I was represented by seven law firms. Understand that Northrop fought us every step of the way. Every time we tried to get documents, we needed to go to court to force them to give them to us. When they turned them over, it was literally 3 million paper documents tossed into boxes for us to sort out and make sense of. This was all before the advent of computers. Every one of these back-and-forth efforts took months and months of briefing and counter briefs. Northrop took full advantage of the court system to beat us down and wear us out. In the end, they mainly gave us paper snowstorms and haystacks without the needles. Every time we did find something of substance, they challenged it under attorney-client privilege alleging
accidental production of either attorney work product or attorney client issues and it was back to court to once again argue before the judge. This ultimately caught up with them and angered the senior judge to no end. It finally cost them when the judge refused to allow them to file a brief for summary judgment. Let me rephrase that; he said they could file it but he wouldnâ&#x20AC;&#x2122;t read it until after the case ended and the jury decided. What finally turned the corner for the case? JH: The turning point in the case came 10 years after the government initially had declined to intervene in the case when not only the criminal side but the civil side of the Department of Justice joined us in earnest to hold Northrop accountable for its actions. After that, everything changed. The government brought in General Charles Henry, who was responsible for the logistics of Desert Storm. I feel it was his expert report on government contracting and the issues he found in the evidence we had obtained over the years that made Northrop lift its head and realize they were in some serious trouble. Finally, on March 1, 2005, three months before a trial was scheduled to begin and after years of denying wrongdoing, Northrop Grumman agreed to pay $134 million to settle allegations without admitting guilt. You and Robinsonâ&#x20AC;&#x2122;s family (he had died in 2003) received a percentage of the settlement under the qui tam law. Were you then able to exhale, or did you have to endure further complications? Though the initial judgment was $62 million, Northrop settled for $99 million, which included the portion for both me and Rex Robinson for damages and also the statutory attorney fees to our attorneys. Northrop also had to pay another $35 million to $36 million in unallowable costs. When a defense contractor is accused of wrongdoing, its legal fees are fronted by the government. Only after they settle, or are found guilty, do they repay the government for these charges. Can you describe how you and your family survived after you left your job? How did you and they end up in a homeless shelter? After we had cashed in all of our savings and also any money I had been able to save in a 401K at Northrop, the short-term disability ran out and we were up against it. We signed up for public aid and food stamps as well as applying for Section 8 housing assistance, which helped us to remain at least for a while in our home. My wife, Mary, and I started looking for work in earnest. In fact, I had been looking for a long time over eight months and all I had to show for it were 400 rejection letters from any high-tech jobs. I was told that I would need to broaden my job search to other fields than electronics or product assurance because I would never work in that industry again. Everything I had gone to school for, all my experience in the U.S. Coast Guard was pointless and gone. I was now delivering newspapers, sweeping parking lots for $20, working part time at a gas station and cleaning toilets at the local Moose lodge for $3 an hour. Every toilet I cleaned was another loaf of bread or gallon of milk on the table for our children so I was at least thankful for that. Mary also went to work at night putting wires on transformer coils and working at a packaging plant boxing up parts to be shipped. But she developed carpal tunnel syndrome and had to stop. We had five children to raise. We slowly and methodically fell behind until we landed in a homeless shelter for two months until we could find another qualifying house under section eight to move into. Mary really helped me to understand that regardless of how the case turned out I still had a responsibility to her and our children to do my best to keep them warm and fed and could not relegate the responsibility to anyone else. Without her love and understanding I know I would not have survived the ordeal.
We must not forget the families of integrity keepers. They mostly do not ask to make this journey and fall by the wayside when the accolades are passed out for the whistleblowers. Theyâ&#x20AC;&#x2122;re like the families of service men and women and first responders â&#x20AC;&#x201D; family members are unsung heroes. This is a stereotypical question, but I have to ask: With all the trials youâ&#x20AC;&#x2122;ve endured, if you had a choice, would you blow the whistle again? You probably know that Iâ&#x20AC;&#x2122;m asked this question a lot and I answer it two ways. First, if I had known the crushing effect it would eventually have on my family and done it anyway, Iâ&#x20AC;&#x2122;d have to be one of the most evil persons ever and no better than the people who committed the alleged fraud. How do you give your children back their youth when it has been spent in poverty and missed opportunities? Second, you also have to understand most persons of integrity donâ&#x20AC;&#x2122;t go looking to blow the whistle. They usually get caught up in it and find themselves swept along by forces that are larger than themselves. So if I could shield my family from the repercussions of my choice, yes I would. Can you describe the attempts against your life and family members? While the case was still unrolling, I was driving to work at the newspaper routes I managed when the right front tire of my car sheared off and my right fender dug into the road and I came to an abrupt stop. When I told [Agent] Richard Zott about this he assigned a federal agent to walk down the highway with me. We found all five of the lug bolts that had sheared off, and we found the nuts to be at the very ends of the lug bolts. Richard told me that if this technique works right, you are traveling at highway speeds when the tire shears off, the fender digs in and flips the car over and over. Even if you are fastened in, the accident will snap your neck and you die. I found out later while writing my book that the same thing happened to my oldest son and my oldest daughter. Fortunately, none of us were injured. Back then, Richard had offered to put us into witness protection, but I declined when he said he couldnâ&#x20AC;&#x2122;t help us find a job or a home, and now being close to 50, I couldnâ&#x20AC;&#x2122;t do that again.
Dr. Joseph T. Wells, CFE, CPA, began the ACFE in 1988 with the basic tenet that itâ&#x20AC;&#x2122;s wiser and cheaper to prevent and deter fraud than to have to deal with it after the fact. The Northrop Grumman frauds were byzantine and thoroughly complicated, but what could have the corporation done years before to begin to deter these crimes? A runaway middle to upper management at Northrop had the autonomy to cover up the problems and maintain plausible deniability. As we dug through the documents, we saw what appeared to be deliberate manipulations of the inventory tracking systems to make the numbers always come out in Northropâ&#x20AC;&#x2122;s favor. Apparently, Northrop Grumman had no inkling of the Tone at the Top concept. How did procedures go so wrong at that company? In your counseling other whistleblowers, do you find that many C-suite executives in big corporate America (and possibly other global companies) also ignore basic tenets of leading with anti-fraud behavior? The DOJ is overwhelmed and understaffed and underfunded and a lot of the bigger corporations know this. So, if â&#x20AC;&#x201D; and that is a big if â&#x20AC;&#x201D; they are caught with their hands in the cookie jar, they pay a fine in what is becoming known as the â&#x20AC;&#x153;fraud tax.â&#x20AC;? They give back to the government about 10 percent of what they are alleged to have taken. They basically sign a no-fault agreement so nobody is held accountable. Then the whistleblower has to sign a non-disclosure agreement and business resumes as usual with the same people getting bonuses for mitigating the possible loss to the company. How is your life now? Your wife and family members? How is your health? Any PTSD? Do you ever have contact with any former Northrop Grumman coworkers? It is now 10 years since the case settled and in a lot of ways our life is a lot better. Mary and I do travel; lately it has been to speak with others about our experience. I went back to school and obtained a degree in law and paralegal studies and I work for a few lawyers under the False Claims Act on complex multi-state litigation. One of the cases I worked on settled last year for $2.2 billion for alleged pharmaceutical fraud. The FCA has retrieved $44 billion to $46 billion of stolen taxpayersâ&#x20AC;&#x2122; money since 1986. Mary and our children are in good health, but my health was severely damaged during this case. I developed type 2 diabetes as a result of the stress and fatigue when I was working as an independent newspaper delivery agent for 10 years; for five years I worked 365 days a year, 12 hours a day. I donâ&#x20AC;&#x2122;t feel I have any PTSD nor does Mary or any of our children. After I left Northrop I havenâ&#x20AC;&#x2122;t had any contact with any of my former colleagues or workmates. What are some of the lessons youâ&#x20AC;&#x2122;ve learned? It is always best to tell the truth no matter how hard that might be. After the case ended, I was driving with one of my sons. He looked over at me and said he was proud of me, and he learned lessons from my example. No matter how hard things got, he said I never left them nor blamed them but did my best along with their mother to provide for them. He said that even if we didnâ&#x20AC;&#x2122;t have the best we always had a roof over our heads and food on the table and love in the family, so who could ask for more than that? He then said, â&#x20AC;&#x153;Thank you, dad.â&#x20AC;?
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Sports/NEWS
54
DAILY NEWSWATCH MONDAY, JULY 20, 2015
Elderson leads Monaco in pre-season draw
E
lderson Echiejile was captain as his French club AS Monaco were held to a goalless draw by Paris FC in a preseason friendly on Saturday. Elderson started and `Â&#x201A;Â&#x2019; Â&#x17E;jz|  Â&#x17E;j| Â&#x153;~Â&#x201C;j| Â&#x2019;Â&#x201A;| which Mali U20 star Adama Traore, who cost Monaco a whooping 14 million Euros, showing his class as a starter against French jÂ&#x2018;Â&#x2022;Â&#x201A;z|zÂ&#x2019;ŠÂ&#x2019; Â&#x2019;Â&#x2022;Â&#x201A;|Â&#x2022;Â? ` Â&#x; Traore was the MVP of the FIFA U20 World Cup in New Zealand, }Â&#x17E;j{j| ~qÂ&#x2019;| `Â&#x201A;Â&#x2019; Â&#x17E;jz|
third. Cote dâ&#x20AC;&#x2122;Ivoire international striker Lacina Traore was also given a chance to lead the MoÂ&#x201A;~Â&#x2018;Â&#x2022;|~F~Â&#x2018;Â&#x2013;|~¨ j{|Â&#x17E;j|}~ | sidelined by a long-term injury. He struggled and was later replaced by new signing Stephan El Shaarawy. Helder Costa, who Â&#x2019; |Â&#x2022;Â&#x201A;|qÂ&#x2022;~Â&#x201A;|¨{Â&#x2022;Â&#x201C;| jÂ&#x201A;`Â&#x2018;~Â&#x20AC;| shone for Monaco. Monaco are drawn against Young Boys of }Â&#x2019;Nj{q~Â&#x201A;z|Â&#x2019;Â&#x201A;| Â&#x17E;j| Â&#x17E;Â&#x2019;{z| qualifying round of the UEFA Champions League.
Omeruo close to Kasimpasa switch Ambode assures on grassroots sports development
L
agos State Governor, Mr. Akinwunmi Ambode on Saturday reiterated his administrationâ&#x20AC;&#x2122;s commitment to develop grassroots sports in the State, just as he assured that sports in genj{~q|}Â&#x2019;qq|Â&#x153;j |~zj°Â?~ j|~FjÂ&#x201A;tion in the next four years of his administration. The Governor, who made the Â&#x2018;Â&#x2022;Â&#x201C;Â&#x201C;Â&#x2019; Â&#x201C;jÂ&#x201A; | ~ |  Â&#x17E;j| `Â&#x201A;~q | and closing ceremony of the 2nd Lagos International Badminton Classics, which took place at the Row Park Sports Centre, Yaba, said the government will improve grassroots sports association as a means to ensure that it becomes a veritable tool for employment. He said his administration will continue to sponsor the International Badminton Classics, assuring that the gains recorded by past administrations the state will be improved upon. â&#x20AC;&#x153;I want to also commit that the next four years Lagos state will continue to sponsor this particular in-
ternational tournament, in addition to other sports that the Lagos State Government has been sponsoring, we are excited that the past administrations have always focused on sports development. One of the things I had promised Lagosians is that we would continue in the path of past administrations to take sports to the Â&#x201A;j¾ | qjŠjqĂ&#x201A;Â&#x20AC;|  Â&#x17E;j| Â&#x2022;Šj{Â&#x201A;Â&#x2022;{| said.
j| ~Â&#x2019;z| j9Â&#x2022;{ | }Â&#x2019;qq| ÂŁj| made to expand the next edition to enable more countries participate while the prize money will also be increased. â&#x20AC;&#x153;Our administration is Â&#x2018;Â&#x2022;Â&#x201C;Â&#x201C;Â&#x2019;Fjz|~Â&#x201A;z|}j|~{j| Â&#x2019;Â&#x153;Â&#x201A;ing on with other sports lovers and sponsors, that the Â&#x201A;j¾ | jzÂ&#x2019; Â&#x2019;Â&#x2022;Â&#x201A;| Â&#x2019; | ÂŁjFj{|  Â&#x17E;~Â&#x201A;| this. My understanding is that we have over 24 nations here present in this tournament and I know next year, we are going to expand it and then we would also increase the prize money and also ensure that the best of Badminton comes to LaÂ&#x153;Â&#x2022; Ă&#x201A;Â&#x20AC;|Â&#x17E;j| ~Â&#x2019;zÂ&#x;
T
op Turkish agents have revealed that Super Eagles defender, Kenneth Omeruo is on his way to agreeing a season-long loan deal with Kasimpasa from English Premier League champions, Chelsea.
According to the agents Omeruo was expected to have arrived Istanbul yesterday to discuss personal terms with the club officials â&#x20AC;&#x153;Omeruo is due in Istanbul any moment from now. He will have a look around the club and discuss personal
 j{Â&#x201C; Â&#x20AC;Ă&#x201A;| ~Â&#x2019;z|Â&#x2022;Â&#x201A;j|Â&#x2022;¨| Â&#x17E;j| Turkish agents. Last season, Kasimpasa placed 13th on the 18-team Turkish Super League. The 21-year-old central defender does not have a future Chelsea and was not included on â&#x20AC;&#x2DC;The Bluesâ&#x20AC;&#x2122; pre-
season training tour of Canada. He has been variously linked with French club Lille, Granada and Glasgow Celtic. Last season, he played for English Championship side Middlesbrough also on loan.
Falcons will beat E/Guinea in Malabo â&#x20AC;&#x201C;Nwabuoku
F
alcons skipper Evelyn Nwabuoku has said the African champions will beat Equatorial Guinea on the road in a 2016 Olympic °Â?~qÂ&#x2019;`j{| ~¨ j{|  Â&#x17E;jÂ&#x192;| }j{j| held to a 1-1 draw in Abuja on Saturday. Visiting Equatorial Guinea forced the Falcons to a 1-1 draw in Abuja to qj~Šj| Â&#x2019;Â&#x153;j{Â&#x2019;~ | °Â?~qÂ&#x2019;`Â&#x2018;~ Â&#x2019;Â&#x2022;Â&#x201A;|Â&#x2018;Â&#x17E;~Â&#x201A;Â&#x2018;j |Â&#x2019;Â&#x201A;| ~Fj{ Â&#x; â&#x20AC;&#x153;I cannot give any excuses for our showing (vs Equatorial Guinea). If they can come here and get a draw, nothing stops us from going there and Â&#x153;jFÂ&#x2019;Â&#x201A;Â&#x153;| ~| ŠÂ&#x2019;Â&#x2018; Â&#x2022;{Â&#x192;Â&#x20AC;Ă&#x201A;| }~buoku said Coach Christopher Danjuma said the death Â&#x2022;¨| Â&#x17E;j| j~Â&#x201C; |Â&#x201C;jzÂ&#x2019;~|Â&#x2022;MÂ&#x2018;j{| ~9jÂ&#x2018; jz|  Â&#x17E;jÂ&#x201C;Â&#x20AC;| ÂŁÂ? |  Â&#x17E;jÂ&#x192;| now hope to turn the table in Equatorial Guinea. â&#x20AC;&#x153;The girls were psychologically down due to the qÂ&#x2022; | Â&#x2022;¨| Â&#x2022;Â?{| Â&#x201C;jzÂ&#x2019;~| Â&#x2022;MÂ&#x2018;j{| on Thursday. We are sorry ¨Â&#x2022;{|Â&#x201A;Â&#x2022; |}Â&#x2019;Â&#x201A;Â&#x201A;Â&#x2019;Â&#x201A;Â&#x153;Â&#x20AC;Ă&#x201A;|Â&#x17E;j| ~Â&#x2019;zÂ&#x; â&#x20AC;&#x153;I want to assure Nigerians that we are not out of the race to qualify for the Olympic Games as we will zÂ&#x2022;| Â&#x17E;j|Â&#x201D;Â&#x2022;ÂŁ|Â&#x2019;Â&#x201A;| ~q~ÂŁÂ&#x2022;Â&#x;Ă&#x201A;
Sports/News
DAILY NEWSWATCH MONDAY, JULY 20 , 2015
55
CAF U23 qualifier: Nigeria Spurs to loan out Dele Alli N in slim win over Congo igeria-born mid`jqzj{| jqj| qqÂ&#x2019;| may again be sent Â&#x2022;Â? | Â&#x2022;Â&#x201A;| qÂ&#x2022;~Â&#x201A;| ÂŁÂ&#x192;| Â&#x2022;FjÂ&#x201A;Â&#x17E;~Â&#x201C;| Hotspur when the new EPL j~ Â&#x2022;Â&#x201A;|Â&#x2013;Â&#x2019;Â&#x2018;Â&#x2013; |Â&#x2022;9|Â&#x201A;j¾ |Â&#x201C;Â&#x2022;Â&#x201A; Â&#x17E;Â&#x; Â&#x17E;j| ¨Â&#x2022;{Â&#x201C;j{| | Â&#x2022;Â&#x201A; | Â&#x201C;Â&#x2019;z`jqzj{| Â&#x201D;Â&#x2022;Â&#x2019;Â&#x201A;jz|  Â&#x17E;j| | side during the January transfer window, but was loaned back to the League One side and helped secure promotion for them. He may again play elsewhere as he is yet to feature in any pre-season game for Spurs.
Â&#x2022;FjÂ&#x201A;Â&#x17E;~Â&#x201C;| }~ | Â&#x2019;Â&#x201A;ŠÂ&#x2022;qŠjz| Â&#x2019;Â&#x201A;| zÂ&#x2019;9j{jÂ&#x201A; | ¨{Â&#x2019;jÂ&#x201A;zqÂ&#x192;| Â&#x153;~Â&#x201C;j | on Saturday with the main team against Reading, a Â&#x2022;FjÂ&#x201A;Â&#x17E;~Â&#x201C;| jqjÂ&#x2018; jz| ¨~Â&#x2018;j| Peterborough with lots of youngsters involved, but the highly-rated 19-year-old Â&#x201C;Â&#x2019;z`jqzj{|}~ |Â&#x201A;Â&#x2022; |Â&#x2019;Â&#x201A;ŠÂ&#x2022;qŠjz| in any and was instead in  Â&#x17E;j|  ~Â&#x201A;z| Â&#x2022;|}~ Â&#x2018;Â&#x17E;| | Â&#x2022;Â&#x201A; | play a friendly against Buckingham Athletic which Dons won 12-0. There was no reported issue of injury about the player recently.
NPFL RESULTS (WK 19) Abia Wrs. Akwa Enugu Heartland Kwara Lobi Shooting S/Stars Warri
N
igeria beat Congo 2-1 yesterday to leave the CAF U23 Championship °Â?~qÂ&#x2019;`j{| }Â&#x2019;zj| Â&#x2022;Â&#x203A;jÂ&#x201A;| }Â&#x2019; Â&#x17E;| the second leg in PointeNoire in a fortnight. ¨ j{| ~| Â&#x2018;Â&#x2022;{jqj | `{  | half completely dominated by home team NiÂ&#x153;j{Â&#x2019;~Â&#x20AC;| Â?Â&#x201A;Â&#x2019;Â&#x2022;{| Â&#x201D;~Â&#x192;Â&#x2019;| `Â&#x201A;~qqÂ&#x192;| opened scoring in the 48th minute after Congo goalÂ&#x2013;jjÂ&#x203A;j{| Â&#x17E;{Â&#x2019;  Â&#x2022;9j{| ~foumbi failed to hold on to an acute-angled shot by Godwin Saviour. Shooting Stars striker Ajayi completed his brace in the 54th minute, when he headed home a low cross from the left by Etor Daniel. But just when Dream Team VI were cruising to a comfortable home win, Congo pulled a goal back  Â&#x17E;{Â&#x2022;Â?Â&#x153;Â&#x17E;| Â&#x2022;Â&#x2019; j| Â&#x2013;Â&#x2022;Â&#x201A;Â&#x2013;Â&#x2022;Â?| in the 66th minute. A penalty appeal by Nigeria in the 59th minute was overlooked by the Kenyan referee, but television replays later showed
it should have been given as Etebo Oghenekaroâ&#x20AC;&#x2122;s shot was handled by a Congo defender inside the box. Nigeria made three changes thereafter with Â? ~| ~Â&#x17E;~Â&#x192;~Â&#x20AC;| ~Â&#x2019;}Â&#x2022;| Awoniyi and Umar Aminu coming in as they went in search of more goals. Awoniyi failed to connect a low drive across the Congo goal in the 75th minute. Oghenekaro was then denied in stoppage time by the Congo goalkeeper. Congo were the happier of the two teams going into the dressing room after scores stood at 0-0 at a packed Adokie Amiesimeika Stadium in Port Harcourt. Samson Siasiaâ&#x20AC;&#x2122;s Dream j~Â&#x201C;| |~F~Â&#x2018;Â&#x2013;jz|~qq|Â&#x2022;¨| Â&#x17E;j| `{  |Ă&#x201E;Ă&#x2021;|Â&#x201C;Â&#x2019;Â&#x201A;Â? j |~Â&#x201A;z|ŠÂ&#x2019; Â&#x2019; ing Congo were happy to sit back and defend with their lives. Nigeria enjoyed 67 percent of the possession and
forced 11 corners, but they still could not manage to  {~Â&#x201A; q~ j| Â&#x17E;j|`Â&#x201A;~q|ÂŁ~qq|Â&#x2019;Â&#x201A; Â&#x2022;| goal. Saviour shot at goal after just six minutes, but it screamed across the Congo goal. In the 12th minute, Junior Ajayi could have put the home team in front but he scooped away from target from inside the box after he was superbly set up by Oghenekaro. Skipper Azubuike Okechukwuâ&#x20AC;&#x2122;s shot from the top of the box after 22 Â&#x201C;Â&#x2019;Â&#x201A;Â? j | }~ | ~q Â&#x2022;| Â&#x2022;9|  ~{get. In the 31st minute, Segun Oduduwa shot from a free kick was put out for a corner by the Congo goalÂ&#x2013;jjÂ&#x203A;j{| ~¨Â&#x2022;Â?Â&#x201C;ÂŁÂ&#x2019;Â&#x; Three minutes later, Saviour goal-bound shot }~ | Â&#x17E;j~zjz| Â&#x2022;9|  Â&#x17E;j| Â&#x153;Â&#x2022;~q| line as Congo continued to hang on. And in stoppage time, Saviour again forced a double save from the Congo shot stopper.
Serena set for break
W
orld number one Serena Williams has revealed that she will  ~Â&#x2013;j| ~| }jjÂ&#x2013;| Â&#x2022;9| ~ | Â&#x17E;j| recovers from a minor elbow injury. Williams travelled to Sweden after her sixth Grand Slam win at Wimbledon but was forced to withdraw from her second-round tie through injury. The American had eased past Belgiumâ&#x20AC;&#x2122;s Ysaline Bonaventure 6-2 ÂŹĂ&#x2026;¤Â&#x20AC;| ÂŁÂ? | Â?9j{jz|  Â&#x17E;j| Â&#x2019;Â&#x201A;jury in training ahead of her meeting with Klara Koukalova of the Czech Republic.
The 33-year-old stressed that the injury was not serious and hopes to be back out on the hardcourt in Stanford, Toronto and Cincinnati ahead of the US Open. Williams wrote on her Facebook page: â&#x20AC;&#x153;As much fun as we have been having the past eight or so weeks I have to take some time to let my elbow heal. I am con`zjÂ&#x201A; |Â&#x2019; |}Â&#x2019;qq|ÂŁj|{j~zÂ&#x192;|¨Â&#x2022;{| the rest of the summer. â&#x20AC;&#x153;I need some time to recover and rehab it, but as of now I am being forced to take the next }jjÂ&#x2013;|Â&#x2022;9Â&#x;| Â&#x2022;Šj|Â&#x192;Â&#x2022;Â?|~qqÂ&#x;Ă&#x201A;
1 â&#x20AC;&#x201C; 0 Gabros 1 - 0 Bayelsa 1 â&#x20AC;&#x201C; 2 Enyimba 4 - 0 Wikki 3 - 1 Giwa 3 - 3 Kano 2 - 1 El Kanemi 2 - 1 Taraba 2 - 1 Sharks
Super Eagles job: An uphill task worth taking By Sunday Oliseh
I
 |Â&#x2019; |zj`Â&#x201A;Â&#x2019; jqÂ&#x192;| Â&#x17E;j|Â&#x201C;Â&#x2022;  | delicate football job on the African continent and the most demanding. The job of super Eagles Coach is one many love to hate but, as a Nigerian ex international and patriot, it zj`Â&#x201A;Â&#x2019; jqÂ&#x192;|zÂ&#x2022;j |Â&#x201A;Â&#x2022; |qj~Šj|Â&#x201C;j| Â&#x2019;Â&#x201A;zÂ&#x2019;9j{jÂ&#x201A; Â&#x; ~Â&#x201A;Â&#x192;Â&#x20AC;|Â&#x2022;Â? |Â&#x2022;¨|qÂ&#x2022;Šj|¨Â&#x2022;{|Â&#x2022;Â?{| fatherland, have expressed their doubts in the ability of me and my crew to coach and take the Super Eagles to a higher level. This is understandable to anextent but zj`Â&#x201A;Â&#x2019; jqÂ&#x192;|~Â&#x201A;|~zzjz|Â&#x201C;Â&#x2022; Â&#x2019;Š~tion. I am fully aware that, though this is the honeymoon period of the job as we are yet to play a game, there are all kinds of other uphill zÂ&#x2019;MÂ&#x2018;Â?q Â&#x2019;j |~Â&#x17E;j~z|Â&#x2022;¨|Â? Â&#x; Nigeria does not boast of players who are plying their trade in the most prestigious clubs as was the case from the mid-1990s to the mid2000s, but, with a population of 170 million people, }j| ~{j| zj`Â&#x201A;Â&#x2019; jqÂ&#x192;| ÂŁqj jz| }Â&#x2019; Â&#x17E;| Â&#x203A;Â&#x2022; jÂ&#x201A; Â&#x2019;~qÂ&#x;| Â&#x2022;  | j Â&#x203A;jcially when one takes into consideration that football is like a religion to Nigerians. Our ranking by FIFA is not so enviable, thereby leaving us exposed to groupings with the best from Africa in °Â?~qÂ&#x2019;`Â&#x2018;~ Â&#x2019;Â&#x2022;Â&#x201A; |¨Â&#x2022;{|¨Â? Â?{j|Â&#x201C;~jor tournaments. There are reported disagreements in the household of national football as the local league has lost so much credibility. The stadiums on national league days are rarely packed in certain league matches and we need to improve the pool of players available to us. The Nigerian is so passionate about soccer that in a nation of 170 million people
}j|Â&#x17E;~Šj|¤¯§| Â&#x2019;qqÂ&#x2019;Â&#x2022;Â&#x201A;|Â&#x2018;Â&#x2022;~Â&#x2018;Â&#x17E;j | who are impatient, demanding and quick to dismiss any coach as a failure if he wins unconvincingly. Â&#x17E;j| Â&#x201C;Â&#x2022;  | zÂ&#x2019;MÂ&#x2018;Â?q |  ~ Â&#x2013;| facing us is that Nigerians want the super eagles to not only win matches, but win  Â&#x17E;jÂ&#x201C;|Â&#x203A;q~Â&#x192;Â&#x2019;Â&#x201A;Â&#x153;|Â&#x2019;Â&#x201A;|~|Ă?~Â&#x201C;ÂŁÂ&#x2022;Â&#x192;ant manner and immediately. This particular problem is further compounded by the fact that we only get players from their clubs, by FIFA rules, for four days before the national team games. Time is needed to work on the players! We could go on and on but we are here to share why we feel it is worth giving it a  {Â&#x192;| Â&#x2022;|Â&#x201C;~Â&#x2013;j|~|zÂ&#x2019;9j{jÂ&#x201A;Â&#x2018;j|~Â&#x201A;z| how we intend to try! We intend to try out mainly with players who are used to playing topĂ?Â&#x2019;Â&#x153;Â&#x17E; |¨Â&#x2022;Â&#x2022; £~qq|Â&#x2019;Â&#x201A;|~Â&#x201A;Â&#x192;|Â&#x201A;~ Â&#x2019;Â&#x2022;Â&#x201A;| where they ply their trade Ă&#x2026;| Â&#x17E;jÂ&#x201A;Â&#x2018;j|  Â&#x17E;j| Â&#x2018;{Â&#x2019; j{Â&#x2019;~| Â&#x2022;¨| `{  Ă&#x2026; division players. We have a four-man coaching crew that is diver Â&#x2019;`jz| ÂŁÂ? | Â&#x2018;Â&#x2022;Â&#x201C;Â&#x203A;qÂ&#x2019;Â&#x201C;jÂ&#x201A; ~{Â&#x192;| to try to make things work - one Belgo- Spanish assistant coach in Jean Francois Losciuto, who has been working in Africa for almost two years now, Salisu Yusuf and goalkeeper coach Alloy Agu, who is an ex international from the golden generation era. Several other measures will be applied to try to improve our game but the joy that the common Nigerian feels when things are going well with Nigerian football is the greatest motivation that will drive me to give it all. ~Â&#x201A;Â&#x192;|Â&#x17E;~Šj|~ Â&#x2013;jzÂ&#x20AC;|Â&#x2022;{|Â&#x2019;Â&#x201A;sinuated, that they need me to miraculously repair our
¨Â&#x2022;Â&#x2022; £~qq| Â&#x2019;Â&#x201A;| ~| Ă?~ Â&#x17E;Ă&#x2014;| Â&#x17E;Â&#x2022;Â?Â&#x153;Â&#x17E;| super motivated, I am not a messiah and will desperately need the help of the Nigerian Football Federation, the Nigerian people and, most importantly, Godâ&#x20AC;&#x2122;s help and guidance. When I was proposed  Â&#x17E;j| Â&#x201D;Â&#x2022;ÂŁÂ&#x20AC;| Â&#x201C;Â&#x192;| `{  |  Â&#x17E;Â&#x2022;Â?Â&#x153;Â&#x17E; | and reply was,â&#x20AC;? No, I am not interested.â&#x20AC;? After a second thought and discussions with family and close Â&#x2018;Â&#x2022;Â&#x201A;`z~Â&#x201A; Â&#x20AC;| |Â&#x2018;Â&#x2022;Â?qz|Â&#x201A;Â&#x2022; |Â&#x17E;jqÂ&#x203A;| but go back on my decision as I decided to borrow a leaf from the new president of Â&#x2019;Â&#x153;j{Â&#x2019;~Â&#x20AC;| {j Â&#x2019;zjÂ&#x201A; | Â&#x2022;Â&#x17E;~Â&#x201C;madu Buhari, who at over 70 is bent on trying to bring ~ÂŁÂ&#x2022;Â? |Â&#x2018;Â&#x17E;~Â&#x201A;Â&#x153;j|~Â&#x201A;z|ÂŁjFj{| Â&#x17E;j| lives of his compatriots. Contrary to what some have said, we never disÂ&#x2018;Â? jz|Â&#x201C;Â&#x2022;Â&#x201A;jÂ&#x192;|~Â&#x201A;z|`Â&#x201A;~Â&#x201A;Â&#x2018;Â&#x2019;~q| details, as all we get is what our predecessors were paid and not more. It is an uphill task that could blow away the good name that God blessed one with but, if there is one thing everyone can be rest assured of, coming from me, will be the input of 150 percent of Â&#x201C;Â&#x192;|j9Â&#x2022;{ | Â&#x2022;|Â&#x2019;Â&#x201C;Â&#x203A;{Â&#x2022;Šj|}Â&#x17E;~ | we have. Like I have always said, Nigeria is ours to make or break and we, and only we, Â&#x2018;~Â&#x201A;|Â&#x201C;~Â&#x2013;j|Â&#x2019; |ÂŁjFj{|ÂŁÂ&#x192;| {Â&#x192;Â&#x2019;Â&#x201A;Â&#x153;| ~Â&#x201A;z| Â&#x201A;Â&#x2022; | Â&#x201D;Â?  | Â&#x2019;FÂ&#x2019;Â&#x201A;Â&#x153;| Â&#x2022;Â&#x201A;|  Â&#x17E;j| fence. This is an uphill task worth taking on as it is for my people; my fellow countrymen, family, friends, and continent! The journey has started and we invite you to please join us in trying to improve the fortune of the Super Eagles. We can be catalysts for change, but we need you to ÂŁ{Â&#x2019;Â&#x201A;Â&#x153;| ~ÂŁÂ&#x2022;Â? | ~Â&#x201A;z| j9jÂ&#x2018; |  Â&#x17E;~ | change. God bless Nigeria.
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