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Zenith Bank cuts down sponsorship funding to N10m

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Sponsors of the Nigeria Basketball Federation (NBBF) organised national women league Zenith Bank Plc has cut down the sponsorship funding of the league from N15 million from the last year edition to N10 million.

The N10 million cheque for this year programme was issued to the Secretary General of the NBBF, Francis Gbiri Monday in Lagos.

The new sponsorship package represents more than thirty percent reduction from the last sponsorship deal worth N15 million.

President of the Nigeria Basketball Ruling body, Tijjani Umar, says the federation will have to meet with stake-holders to discuss the new development. He, however, assured that the federation will do everything within the its power to make this year’s women league a success in spite of the reduction in the sponsorship fund released by the sponsor.

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