AFN Has No Contract With Premium Trust Bank, Says Olopade

*Sad board members quarrel over non-existing sponsorship money

Board members of the Athletics Federation of Nigeria (AFN), have been told to put aside their differences and concentrate on building a formidable squad for the nation, particularly as the countdown begins for the 2023 World Athletics Championship in Budapest, Hungary.

 Chief Executive Officer of Nilayo Sports Management, Chief Bukola Olopade, who is AFN’s Chief Marketing Consultant, stated yesterday that quarrel over a non-existing sponsorship money by some board members was unhealthy for the federation.

There have been uneasy disquiet within the AFN family since last week following an online publication of a plot to convene Congress  to perhaps plot  the removal of  President Tonobok Okowa over issues concerning money realised from sponsorship.

But Olopade, who spoke from London, yesterday, cleared the air about sponsorship money paid to the AFN.

“It is unfortunate that some of the board members are accusing Okowa wrongly over issues he knows nothing about. I heard this rumour of some of the members scrambling  for sponsorship money before I traveled out of Nigeria, and I have expressed my disappointment with some of them. 

“In the first place, AFN does not have a contract with Premium Trust Bank, rather,  it was my company, Nilayo Sports, that signed a sponsorship deal with them (Premium Trust Bank).

 “As the Chief Marketing Consult to AFN, we (Nilayo Sports) signed a three-year-sponsorship on behalf of Premium Trust Bank with the AFN. Money that comes from the sponsorship deal is not given to any individual. It is tied to competitions. 

“In other words, the AFN will have to write to Premium Trust Bank, through Nilayo Sports, for money to be released for major competitions, including the World Athletics Championship. 

 “Nilayo Sports Management is not happy with the unnecessary rumour of scramble for sponsorship money going on within the AFN board. We are doing our best to position the AFN to meet its financial challenges and some people are trying to make things difficult for us. It not good. As far as I am concerned, Chief Tonobok Okowa usually go the extra miles before he gets money to sponsor athletes to competitions. I doubt if he will be able to recover all his money back. He needs encouragement from the board members,” Olopade clarified from London.

Premium Trust Bank, in the last one year, has impacted so much on the nation’s athletics, particularly with the sponsorship of the duo of Tobi Amusan and Ese Brume, as well as the Bank’s role during the last National Sports Festival held in Asaba, Delta State.