Under FIFA Solidarity Mechanism, Yohanna's local club in Nigeria, Ikon Allah, is entitled to a certain percentage (5%) of the transfer fee.
Using a transfer fee of £21.5 million, the FIFA solidarity contribution would be:
5% of £21.5m = £1.075 million available for all training clubs combined.
If Ikon Allah trained Zadok Yohanna from ages 12–18, its entitlement would be:
Ages 12–15: 4 years × 0.25% = 1.0%
Ages 16–18: 3 years × 0.50% = 1.5%
Total = 2.5% of the transfer fee
Calculation:
2.5% × £21,500,000
= £537,500
Therefore, the Ikon Allah would be entitled to approximately £537,500 in FIFA solidarity payments.
At an exchange rate of about ₦2,100–₦2,200 per pound, this would be roughly ₦1.13 billion–₦1.18 billion.
I topped my class for 5 years in a row.......
but it did not matter in the end..........
I promise you this will be the most important post you will ever read. I recently bumped into an old classmate at Canary Wharf.
He did not see me at first. He walked past me with a lady. I called his name, he was shocked. he walked back.
I bet his mind was thinking "where do I know you from?"
I told him we went to the same primary school some 35 years ago. He still did not remember me. Then I told him that he regularly brought dodo (fried plantain) and egg to school.
He was like "What! how did you remember that?"
I asked him what he does now. He is a Director at Goldman Sachs.
We exchanged contacts. As I headed home, I couldn't stop thinking. The primary school we went, I was the only one on scholarship in the class. The tuition was expensive beyond words (for my parents)
I am from a poor home. The reason why I remembered his dodo and egg was because I used to imagine if we were ever going to be able to afford such meals.
My mother who only went to high school studied with me so I could keep that scholarship.
But as I went on through life, I dropped out of school 3 times. Twice because of money and once because I had a long term mental health admission.
I started construction as a labourer, sweeping sites and cleaning toilets, I worked my way up to working in project management.
I used to dream of working at places like Goldman. But when you drop out of school, stay home for several years, the chances of that happening become slim.
There's been an online debate lately.
Does hardwork really matter?
Only if we start at the same line
Those who have economic advantages will always move faster.
There are articles like (Lost Einsteins) showing that talent dies in poverty every day.
Because based on data, most people will end up where they start. The poor ending poor and the rich ending rich.
Not because you have not prayed or fasted enough, it is just the way life is structured.
So don't let "motivational speaker" push you.
Don't let any soothsayer use your money to enjoy.
Live your life, get better daily, be kind and good to people.
The game was never fair, but your story still matters.
I wish you the very best.
If this resonates with you, please share and follow for more educational and inspirational content 🙏
Politics should earn you first term election.
It’s good governance in your first term that should earn you a second term.
If a president is playing serious politics in his first term to win a second term, he has failed woefully. He’s not widely accepted. This is not a debate.
Frame 1 - Seyi Makinde attracts €55M funding from French Govt to Oyo state.
Frame 2 - Gov Oyebanji is emphasizing the potential of Ekiti and $80M investment from AFDB at US-Africa summit in Dallas.
Frame 3 - Sanwo Olu pitching Lagos to Investors.
Frame 4 - Mabaja Mababinu.
@PolarisBankLtd I made a transfer since on Saturday and the beneficiary is yet to receive the money.
Please what can be done because I need the money today.