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WAPIC, NFF seal N.5bn insurance deal

Joe Apu

Barely 48-hours after the Nigeria Football Federation signed rhe dotted line with Coca-Cola, it has added another feather to its cap with an insurance deal worth N500m for a period of five years as WAPIC Insurance PLC on Friday in Lagos signed an agreement that conferred on the insurance giant the title of ‘Official Insurance Services Provider and Co-Sponsor of the NFF.’

NFF President, Amaju Melvin Pinnick expressed his delight and that of the Federation with the contract, “which now provides excellent safety and security for our active National Team players and officials while on duty and offers a well –paved route for them to have a better future through proper pension fund.

“WAPIC, like the present NFF, is an organization driven by positive vision. WAPIC aims to emerge as a top two full service West African insurance company while the NFF, through its Goal Project, wants to build mini-secretariats and football fields in all States and the FCT and build a sustainable football culture in the country. It is a union of two companies with positive energy.” Managing Director of WAPIC Insurance PLC, Mrs Yinka Adekoya, affirmed that the company was excited to team up with Nigerian Football Federation, given the huge role that football plays in nation –building and the excitement that it generates among the youth and adults alike.

“The NFF is an organisation that is making Nigeria proud through the excellent results of the National Teams and WAPIC is a top financial institution seeking to be the most enjoyable company to do business with and to become a top 20 financial services institution in Nigeria by 2019.”

NFF’s 2nd Vice President/Chairman of Marketing, Sponsorship and TV Rights Committee, Shehu Dikko, explained that the contract is for five years in the initial with an option of renewal, and will cost the insurance outfit close to N100 million every year.

“This agreement gives us tremendous peace of mind as it provides insurance cover for all the National Teams, our assets and events. WAPIC will in turn have access to all our matches and events.

“We are also very happy that Sen Force Insurance Brokers are involved in this, and will advise us on the best insurance cover and properties to take for our teams, assets and events and will write for our claims whenever there is the need.”

Chairman of Sen Force, Anirejuoritse Ojuyah assured that his company will broker what is best for Nigerian Football throughout the life of the contract, while NFF 1st Vice President Seyi Akinwunmi pledged that the Federation will abide by every letter of the agreement.

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