AITEO, Nigeria’s foremost energy solution company, on Wednesday acquired the ‘Naming Right’ of the NFF Federation Cup, as an extension/addendum to the company’s sponsorship agreement with the Nigeria Football Federation. It is also part of the rights AITEO has under the original agreement.
Those rights will enable the acquisition of additional commercial assets from the NFF that are available and not encumbered, on a mutually –negotiated basis. To this end, the NFF Federation Cup, the oldest football competition in Nigeria, is henceforth to be known and addressed as “AITEO Cup”
The duration of this aspect of the sponsorship is 5 years, similar to the main agreement (signed on 26th April 2017) on a Cost Value Arrangement and commencing from the 2017 season. This arrangement will see AITEO underwriting the costs of the organisation of the competition which encompasses…