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NFF signs N2.3bn annual partnership with Stanbic IBTC to insure Super Eagles players

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The Nigeria Football Federation (NFF) has partnered with Stanbic IBTC Holdings PLC, a member of Standard Bank Group for the provision of group life insurance for all thirty-five Super Eagles players with a total sum assured of N1.75bn.

According to the Memorandum of Understanding signed by both NFF and Stanbic IBTC which takes effect from next year, the players will also enjoy a total personal accident insurance valued at N583m annually for the next three years, while Stanbic IBTC will also provide gender sensitivity support for female sports correspondents in Nigeria.

The Chief Executive of Stanbic IBTC Holdings PLC, Dr Demola Sogunle, while commenting on the agreement said: “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.”

The partnership, he noted, was based on youth empowerment and football development which he described as values shared by Stanbic IBTC and the Nigerian Football Federation, adding that “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, congratulating him 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 his part, the NFF supremo, Amaju Pinnick, said: “The partnership is 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.”

This article was updated 2 months ago



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