Wapic Insurance has signed a Memorandum of Understanding (MOU) with the Nigeria Football Federation (NFF). The company revealed this in a notice to the Nigerian Stock Exchange (NSE). Managing Director of the firm, Yinka Adekoya signed on behalf of the firm, while NFF President Amaju Pinnick signed on behalf of the association.
Terms of the MOU
The partnership which commences immediately, will see commencing immediately, Wapic Insurance Plc. will provide comprehensive insurance coverage for all national team players and officials for every match to be played as well as all other events and programs organized by the NFF. The insurance partnership also covers all the assets of the NFF.
Wapic has been granted the rights , in the next 5 years, not only use a composite logo of Wapic & NFF brands, but also to use designations and the NFF logo, images, trademark, clips and footage for merchandising and advertising activities as well as on promotional and marketing materials – Print, TV, Point of Sale (POS), Digital and other media to indicate a sponsorship relationship.
Wapic customers will also be able to tap into a range of match and player exclusive content- highlights, club news and interviews.
Wapic insurance was founded in 1958 and listed on the Nigerian Stock Exchange in 1990. Wapic operates two business lines; Wapic Life Assurance Limited which operates in Nigeria, and; a regional footprint in Ghana, Wapic Insurance (Ghana) Limited. Wapic insurance closed at N0.57 in yesterday’s trading session on the NSE, up 14% year to date.
The Nigeria Football Federation (formerly known as Nigeria Football Association until 2008) is the body in charge of domestic and international football in Nigeria. It was formally launched in 1945 and formed the first Nigerian national football team in 1949. The NFF organises three leagues: The Nigerian Premier League, the Amateur League and the Women’s League.