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Financial Institutions Games: CBN stakes N5m price money

From Romanus Ugwu, Abuja

Central Bank of Nigeria (CBN) has staked a total sum of N5 million as price money for this year’s NFF/CBN All Financial Institutions Football Competition holding between Saturday October 14 to 28

Elder Martins Ogwuda, who stood in for CBN’s Acting Director (Corporate Communications), Mr. Isaac Okoroafor, made the disclosure yesterday at a joint press briefing at the Glass House. He said that while winner of this year’s competition will go home with the sum of N2 million; first runners –up will pocket N1.5 million; second runners-up will earn N1 million while the fourth –placed team will smile to the bank with N500,000.

According to him; “It is worthy of note that teams from Deposit Money Banks (DMBs), Micro Finance Banks, Financial Regulatory Agencies and other Financial Institutions have indicated their interest to participate in this year’s competition.

“In recent editions, we have observed an increase in the number of microfinance banks participating in the competition. This 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.”

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