Frequently Asked Questions
The Nigeria Football Fund (TNFF) is an open-ended SEC-registered unit trust (“Fund”) that allows ease of entry and exit by investors. The Fund seeks to build a “Football Economy” within the Nigeria Sports ecosystem. TNFF is packaged to provide sustainable solutions to the challenges hindering the growth and advancement of football in Nigeria by focusing on the development of the Nigeria Premier Football League Clubs.
A Football Economy consists of football and other sporting activities measurable in statistical terms as a significant component of the nation’s Gross Domestic Products. It includes Football, Basketball, Boxing, Tennis, Athletics, Golf, & Polo.
The minimum initial investment for the offer is N100,000 (i.e. 100,000 units at N1.00 each) while additional investments shall be a minimum of 100,000 units thereafter
The primary objective of the fund is to build a “Football Economy” within the Nigeria sport ecosystem, transform football clubs from socio-political tools to profitable business enterprise and by extension, a national asset; contributing significant percentage to Nigeria’s GDP.
High quality investment–grade instruments involving equities of quoted companies, money market or fixed income instruments, and strategic investment in football/sport sector via securitized lending investments in identified short to medium term “football projects.”
The Fund Manager is of the view that investors will earn optimal returns from the Fund if investments are held for a minimum period of 90 days. In the event that a Unitholder redeems his investment within the first 90 days, an administrative fee of up to 20% of the income earned on the investment will be charged by the Fund Manager
Yes, the Fund Manager will be declaring dividends and making distribution to investors, in any financial year where the returns on investment less relevant expenses exceed 10%. The pay-out ratio of such income, where applicable shall not be less than 60% of the net profit. Unit-holders can choose to receive their dividend in cash or reinvest their dividends in new units at the Offer Price.
Yes, the Fund Manager will be declaring dividends and making distribution to investors, in any financial year where the returns on investment less relevant expenses exceed 10%. The pay-out ratio of such income, where applicable shall not be less than 60% of the net profit. Unit-holders can choose to receive their dividend in cash or reinvest their dividends in new units at the Offer Price.
A Unit Trust (collective investment scheme) is a pool of funds from several investors who share similar investment objectives and risk appetite. Pooled funds will be invested in diverse financial instruments and professionally managed by fund managers. Each investor becomes a unit holder in the Fund, and the units held confer certain rights of ownership on the investor such as participating in the income derived from the Fund’s investments.
No. The Fund Manager, GAMTL, makes all the investment decisions based on guidelines set out in the Fund’s Trust Deed.
- Diversification: Diversification involves the mixture of investments within a portfolio and it is used to manage risk. Mutual funds can invest in dozens, hundreds and thousands of different investment securities, making diversification possible by investing in just one fund.
- Accessibility: Mutual funds are easy to buy; even very retail investors can easily open an account within minutes.
- Professional management: Mutual funds have professionals who manage such funds by also researching and analysing investments, thereby saving investors lot of time and energy.
- Liquidity: One of the advantages of mutual funds is that its assets are liquid. Liquidity simply refers to converting your assets to cash with relative ease. For mutual funds, an investor can convert asset to cash by quickly selling it off.
Mutual Funds (collective investment schemes) in Nigeria are regulated by the Securities & Exchange Commission (SEC). TNFF is registered and regulated by SEC, and the Fund is further protected by the Trustee (Radix Trustees Limited), who supervises the activities of the Fund Manager in compliance with the Trust Deed. An independent Custodian (UBA Custodian) also holds and safeguards the assets of the Fund. All these structures create transparency and accountability in the management of the Fund.
Unit-holders can sell their units in the Fund after the initial 6-months minimum holding period. Unit-holders will be required to redeem units online or complete a Redemption Form and return the proof of investment to the Fund Manager. Once these documents have been verified, the redemption request will be processed within five (5) business days. Minimum permissible holding after partial redemption is N100,000 or such balance as advised by the Manager from time to time.
The daily prices are available on our website www.gti.com.ng. Also, as a unit holder of the Fund, you can view your account online by simply logging on to tnff.gti.com.ng
At any point in time, the value of your investment = Number of units held X Current Bid Price per unit.
Yes, many banks will accept units of the Fund as collateral for bank loans. However, this depends on each bank’s lending policy.
Send us an email requesting for your account statement at gtiamt@gti.com.ng or visit our website www.asset.gti.com.ng or login into our online platform and enter your login details to access your statement on a real time basis. You call also call your relationship officer or call our contact centre with your details and your statement will be send to your registered email with us.
Yes, you can sell your investment to the Fund at any time. You will be required to complete and execute the redemption form. This document should be returned to the Fund Manager’s office or sent to our email gtiamt@gti.com.ng. The redemption process shall not exceed 5 working days from the date the Fund Manager receives your executed redemption form.
The gross return on investments is forecast to be between 13 – 16% over the forecast period/in the first three years, which is slightly above the computed weighted average yield with other earnings that may arise from short term placements, but generally, the exact return will be a weighted average return of the global investments made by the fund, which will be in line with the prevailing markets rate.
TNFF is rated “?(f)” by Datapro, which means GAMTL is considered to have good investment and risk management capabilities. Baker Tilly Nigeria, a reputable international accounting firm that served as the Reporting Accountant to TNFF also confirmed the proper compilation and accuracy of all financial statements forecasts, and its preparation on a basis consistent with the accounting policies normally adopted by the Company. The quality of the Fund Manager, Trustee, Investment Committee, Custodians and Registrars etc. will also be sustained throughout the forecast period, and even beyond.
All participants along the entire value chain of the football industry, including football fans, football regulatory bodies (local & international), professional club owners, professional football players, state governments, corporate clients, religious bodies, institutional clients, football analysts, football promoters, etc.
The Fund equally welcomes subscription from all corporates that are interested in the growth of Nigeria football, particularly from investing public with similar investment objectives and those engaged in the provision of products and allied services that support the development of football.
TNFF is also very suitable for government supports, especially as regards development of one of Nigeria’s instrument of unity and the potential to support government’s drive for revenue diversification.
- A steady flow of income as yearly payment of dividends would be made to unit holders, from the second year.
- Capital preservation and safety.
- Access to periodic cash income.
- Potential capital appreciation.
- Easy mode of entry and exit.
- Low transaction cost on the fund.
- The dividend is not subjected to Withholding Tax and Value Added Tax. So, the return on investment is tax-free.
- Opportunity to contribute to the growth of Nigeria Football.
- Unit holders to enjoy a discount on Brokerage Commission for trades executed through GTI Securities Limited.
- The use of GTI Investment Note Certificate as collateral for credit facility through GTI Microfinance Bank.
- Free guidance/ assistance in the preparation of wills by the Trust Units.
- Discount on deals structured through GTI Capital Limited
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