Stanbic IBTC Holdings PLC, a member of Standard
Bank Group, has partnered with the Nigerian Football Federation (NFF) to
further develop football in Nigeria. 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 Naira 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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