Skip to main content

Union Bank Commits N30m To Support Olympic Teams

Union Bank Plc yesterday donated N30 million to support athletes and the Nigeria Olympic Committee (NOC) participating in the Olympic Games holding next month in Rio, Brazil.
Speaking yesterday during the cash donation in Lagos, the bank’s Transformation Director, Joe Mbulu, said the lender recognises the value of sports to youth and grassroots development, which translates to national growth.





“Our support for sports transcends supporting the Olympics. We believe that sports drives unity and Nigerians, no matter the tribe, will always support Team Nigeria,” he said.

“We will continue to support sports. We understand that the times are tough but we cannot abandon the Team Nigeria.”

The bank’s Head, Corporate Affairs & Corporate Communications, Ogochukwu Ekezie-Ekaidem, who announced the donation said athletes participating in the games will get N25million out of the N30 million while the Nigeria Olympic Committee (NOC) will get N5 million.
According to her, the lender sees sports as a Corporate Social Responsibility (CSR), youths and talent development.

“Sports team life skills. We support the NOC and boost the participants’ morale. The private sector should learn to appreciate the athletes,” she said.

Ekezie-Ekaidem also announced the selection of five athletes to represent the Team Union and promote the lender’s commitment to sports development.

Nigeria is scheduled to compete at the Summer Olympics in Rio de Janeiro, from August 5 to 21, this year.

Since the nation made its debut in 1952, Nigerian athletes have participated in every edition of the Summer Olympic Games, except for the 1976 Summer Olympics in Montreal because of the African boycott.
Labels:

Comments

Post a Comment

Popular posts from this blog

US Demands Immediate End To South Sudan Fighting

The United States demanded an immediate end to renewed fighting in the capital of South Sudan on Sunday, ordering all non-essential personnel out of the troubled country. "The United States strongly condemns the latest outbreak of fighting in Juba today between forces aligned with President Salva Kiir Mayardit and those aligned with First Vice President Riek Machar Teny, including reports we have that civilian sites may have been attacked," State Department spokesman John Kirby said in a statement.
Post a Comment
Read more

Canada Police Thwart Potential Attack,Suspect Shot Dead

Canadian police shot dead an alleged Islamic State sympathizer who was about to activate an explosive device in Ontario late on Wednesday, media reports said as police confirmed thwarting a “potential terror threat”. There was no immediate confirmation from Canada’s federal police that anyone had been shot, with a statement saying only that a suspect had been identified and that they had taken “action” after receiving “credible information” about a potential attack. “Earlier today, the RCMP received credible information of a potential terrorist threat. A suspect was identified and the proper course of action has been taken to ensure that there is no danger to the public’s safety,” the Royal Canadian Mounted Police (RCMP) said in a statement. They did not say where the incident took place. Media reports said the suspect was a 24-year-old man who had been arrested in 2015 for expressing support for the Islamic State group in postings on social media. He had been released in February ...
Post a Comment
Read more

Lafarge Africa Posts N30bn Drop In Half-Year Profit

Lafarge Africa Plc, a leading cement and building solutions provider, yesterday announced a loss of N30.1 billion for the half year ended June 30, 2016, compared with a profit after tax of N27.3billion in the corresponding period of 2014.
Post a Comment
Read more