Abuja, Nigeria (CU)_ Stanbic IBTC Holdings Plc, a Standard Bank Group company, has taken the brave step to help Nigeria Super Eagles win the ongoing African football competition, the African Cup of Nations (AFCON), being held in Cameroon. At the end of 2021, Stanbic IBTC and the Nigerian Football Federation (NFF) revealed a significant collaboration in which Stanbic IBTC would payout Group Life Insurance valued at N1.73 billion and Total Personal Accident Insurance N583 million annually for each national team player over the next three years using its insurance subsidiary, Stanbic IBTC Insurance Limited.
As a result of this agreement, Stanbic IBTC became the official insurance sponsor of the Super Eagles team, and the MoU inked between the financial institution and the Nigeria Football Federation officially came into force in 2022. As per Dr Demola Sogunle’s statement, who is the Chief Executive Officer of Stanbic IBTC Holdings PLC, the collaboration aims at youth empowerment, which is one of the institution’s cornerstones, and football development. Amaju Pinnick, President of the Nigerian Football Federation, added that the collaboration benefits the players significantly and also encourages them to compete without any fear.
Additionally, the alliance aims to empower female journalists by supporting them to cover Super Eagles matches. Being a leading gender-balanced enthusiast, Stanbic IBTC has sponsored four female sports journalists to AFCON 2021. They are Funmilayo Adeyemo, Justina Aniefiok, Janefrances Nweze, and Faith Meregbunam. The AFCON competition in 2022 will include 24 teams. The most awaited anticipation at the moment for Nigeria is to win the cup. Unlike past years, the Super Eagles will face Egypt’s Pharaohs in the highly anticipated encounter, certain that they are completely covered by Stanbic IBTC Insurance.