The signed MoU between Stanbic IBTC and NFF is slated to be
effective from 2022.
Under the agreed terms, Stanbic IBTC will provide Group Life
Insurance for all 35 players of the national team with a total sum assured of
N1.75 billion and Total Personal Accident insurance for all 35 players with a
total of N583,000,000 annually for the next 3 years.
Stanbic IBTC will also provide gender sensitivity support
for female sports correspondents in Nigeria.
Dr Demola Sogunle, Chief Executive, Stanbic IBTC Holdings
PLC, spoke of the landmark agreement: “Today, you are all witnesses to a
landmark event: the consummation of a partnership geared towards driving the
growth of football in Nigeria. We are all gathered here to grace this momentous
occasion as two great Nigerian institutions come together to advance Nigeria’s
most popular sport. With this partnership, we will further drive the
development of the youths via football.”
According to Sogunle, the partnership was based on youth
empowerment and football development which he described as values shared by
Stanbic IBTC and the Nigerian Football Federation.
The Stanbic IBTC Chief Executive added: “This is a great day
for football development in Nigeria, and we believe this partnership will boost
the growth of this beautiful round leather game in the country. Over the years,
various Nigerian football teams have made their marks in various international
competitions. We believe the Nigerian football teams will only get better and
will dominate the beautiful game in the future. Yes, IT CAN BE, as we like to
say in Stanbic IBTC, knowing that everything is possible, as long as we put our
hearts to it.”
Sogunle further acknowledged Amaju Pinnick, President of the NFF, in the development of football in Nigeria and the African continent. He congratulated the NFF President on his election into FIFA’s Executive Council and asserted that Nigeria would gain a lot from his membership of football’s highest decision-making organ.
On the partnership with Stanbic IBTC, Amaju Pinnick said:
“This has been a historic and one of the most unique sports contracts we have
had in a long while and we are excited that Stanbic IBTC is driving not just a
partnership with the NFF but a sponsorship that also encourages the advancement
of the female gender.”
Bukola Olopade, Managing Director Nilayo Sports Management
Limited, consultant to the partnership said, “This agreement is the most unique
we have signed so far because it directly benefits the players and also
contributes to the advancement of the girl child.”
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