Olawale Ajimotokan in Abuja
The Central Bank of Nigeria (CBN) has unfolded the prize money of N5million as cash reward for the winners of the 2017 edition of the NFF/CBN All Financial Institutions Football Competition scheduled to kick off on October 14.
The break down announced by CBN showed the winners will be rewarded to the tune of N2million while the second placed team will smile home with N1.5 million. The third placed team will get a consolatory N1million.
The sum of N500,000 will be given to the team that finished fourth.
The competition will be played in four centres including, Akure, Bauchi, Calabar and Owerri. The final will be played in Lafia, Nasarawa State on October 28.
Acting Director of Corporate Communications, Isaac Okoroafor, said thursday that the tournament, now in its 31st year, serves as a platform to promote unity, harmony and peaceful coexistence among institutions in Nigeria’s financial system.
Martin Ogwuda, who stood in for Okoroafor, noted that teams from Deposit Money Banks (DMBs), Micro Finance Banks, Financial Regulatory Agencies and other financial institutions, have indicated interest to participate in this year’s competition.
He said the increase in the number of microfinance banks participating in the competition is an indication that the impact of this competition is being felt at the grassroots level where budding talents are often discovered and nurtured to a level of national and international recognition.
“In fact, Balogun Fulani MFB from Ilorin is the defending champion, having won the championship for the first time last year. The team has created a record as the first Micro Finance Bank to win the competition since its inception 30 years ago,†Okoroafor noted.
