Fidelity Bank restates commitment to gymnastics development in Nigeria

Fidelity Bank has reaffirmed its dedication to promoting gymnastics in Nigeria, as announced in a recent statement.

Fidelity Bank, a leading financial institution in Nigeria, has restated its commitment to the development of gymnastics in the country. This announcement highlights the bank's ongoing support for sports initiatives aimed at fostering talent and growth in non-traditional disciplines like gymnastics.

The statement comes amid efforts to bolster sports infrastructure and participation across Nigeria. While specific details on new programs or investments were not outlined in the available information, the bank's pledge underscores its role in corporate social responsibility within the sports sector.

This development is part of broader trends where Nigerian businesses contribute to community and youth development through sports sponsorships.

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Nigeria Football Federation official at a press conference clarifying that FIFA and CAF funds are audited and project-specific, addressing social media misinformation.
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NFF clarifies FIFA and CAF funds are audited and project-specific

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The Nigeria Football Federation (NFF) has issued a statement denying social media claims that it receives millions of dollars in unrestricted funds from FIFA and CAF. The federation emphasized that all such monies are allocated for specific projects and undergo regular audits by both governing bodies. This clarification addresses misinformation about the nature of these funds.

Fidelity Bank has successfully raised N259 billion through a private placement, exceeding the N500 billion capital requirement set by regulators.

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The Kebbi Football Association has dismissed allegations of financial misappropriation and poor execution in a FIFA-funded mini-stadium project in Birnin Kebbi, Nigeria. Officials confirm the facility was completed over two years ago and is actively in use for local competitions. The controversy arose after a viral photo on FIFA's social media sparked public outrage.

Bet9ja, a prominent Nigerian betting firm, has revealed plans for a N100 million giveaway aimed at appreciating customers across the country.

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