Aiteo Group reaffirms commitment to NFF deal
Oil and gas outfit, Aiteo Group yesterday disclosed that it remained committed to its sponsorship deal with the Nigerian Football Federation (NFF), which started on May 1, 2017.
Reports yesterday disclosed that the company was not happy with the way the NFF was treating the relationship, citing the poor visibility of the prime competition, Aiteo Cup, which was formerly known as Challenge Cup.
But in a statement yesterday, Aiteo denied the reports, saying, “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.”
The statement added that as the official naming rights sponsor of the Federations Cup, now Aiteo Cup, Aiteo will continue its funding of the tournament.