The official optimum partner of the Nigeria Football Federation, NFF, Aiteo Group, has been unveiled as the new sponsors of the Nigerian Federation Cup, the NFF has announced.
In a press conference in Lagos, the energy solution coy, who recently signed a N2.5billion contract with the NFF to be their official partner, added a new feather to their cap as they were revealed as the new sponsors of the Federation Cup, to be called Aiteo Cup, for the next five years.
“We actually have things to do with this money like give our Shareholders but we are doing this for Nigeria,” Francis Peters, DMD Aiteo Group said.
According to reports, the acquisition of the naming right for the competition is also part of the arrangement entered into by the Group in their initial agreement with the NFF, when they were unveiled as optimum partners in April.
Commenting on the deal, NFF President, Amaju Pinnick said: “We want to celebrate and thank Aiteo.”
The latest agreement between both parties will ensure the underwriting of costs of the organization of the competition by Aiteo, including that of organizing the competition from the round of 64 to the men’s and women’s finals.
Elaborating further, NFF second Vice-President and Chairman, Marketing, Sponsorship and Television Advisory Committee, Shehu Dikko, said: “Only we, Nigerians, are able to develop Nigeria.”
“(This allows Aiteo acquire) additional communication assets from the federation that are available and not encumbered, on a mutually, negotiated basis.
“The group will also support the states’ football associations top organize the competition in their states, as well as footing the expenses and indemnities of match officials, support to participating clubs, media, branding/activation and prize money to winners,” he added.
From the foregoing, the 2017 season will see winners of the Aiteo Cup go home with a whooping N25million for the men’s category, with the winners of the women’s set to rake in N10million.
Also, the runners-up for both the men and women’s competitions are to receive the sum of N10million and N5million respectively.