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AITEO stays with NFF

By Daily Sports on September 20, 2017

Aiteo has reiterated its commitment to its sponsorship deal with the Nigerian Football Federation (NFF) effective, May 1, 2017.

Aiteo said in a statement against the backdrop of media reports suggesting a review of the agreement.

“We wish to state emphatically that contrary to media reports, there is no ongoing review of this agreement. The multi-billion sponsorship deal, was a management decision meticulously taken upon due consideration of its benefits to the development of football in Nigeria, tremendous social capital and unifying effect on every stratum of Nigeria endeavour.

“The deal is effective for five years and we have no plans to renege on our decision. We hereby assure our valued stakeholders and Nigerian public that all aspects of the NFF pact, which includes paying Nigeria national team coaches will continue to run without hitches for the agreed five-year term. In line with best practice, we will review annually, to bring even more value for both parties and our stakeholders.

“Aiteo’s relationship with NFF is unfettered in any way, and the organisation will continue to ensure that NFF gets the required financial support it needs to perform optimally. We will ensure that all stakeholders are kept abreast of any development in this regard,” the statement concludes.

Source Daily Sports

Posted September 20, 2017