May 13, (THEWILL) – The Nigerian League Management Company (LMC), which is licenced to organise and regulate the Nigeria Professional Football League (NPFL), has secured an agreement with Bitnob Technologies Incorporated, a premier financial technology company, to sponsor the NPFL.
The two parties will meet on Tuesday, May 17, in Lagos to officially unveil the partnership and make public critical facts of the agreement, according to Shehu Dikko, Chairman of the LMC.
Dikko further stated that the arrangement was painstakingly negotiated to assure Bitnob and the NPFL would have a mutually advantageous alliance to spread the Fintech brand through the domestic league while also enhancing and supporting the NPFL’s strategic growth.
In the Financial Technology category, Bitnob, a firm that provides payments solutions and other financial services to consumers and organisations, will be an Elite Sponsor of the local League in its efforts to meet global technical and commercial standards.
THEWILL recalls that the LMC was formed following the near-collapse of the Nigeria Premier League (NPL), organised by the Nigeria Football League (NFL), due to persistent legal, contractual, administrative, and financial constraints.
The Nigerian Football Federation formed an Interim Management Committee (IMC) for the League in November 2012, with the permission and assistance of the National Sports Commission (NSC), the nation’s sports governing authority, as part of attempts to avoid the complete collapse of the country’s top tier professional league.
The IMC oversaw the development and incorporation of the LMC to administer a transparent and commercially successful professional league in order to avoid perpetuating the illegality of the now defunct NFL and to prevent running football in a vacuum created from the dissolution of the NPL.