COD Utd, Stanbic agree to shirt deal
Nigeria National League (NNL) club, City Of David (COD) United have entered into a shirt sponsorship agreement with Stanbic IBTC.
Last weekend, COD United wore their new kit, branded with Stanbic IBTC logo, on Matchday 1 at Crown FC, where they lost 0-1.
This prompted supersport.com to make enquiries from officials of the Lagos-based club about a partnership with the financial institution.
Supersport.com this week discovered that COD United and Stanbic IBTC have agreed in principle in a one-year deal worth N50 million (around $320,000).
"All I can tell you is that the shirt sponsorship deal is for a one-year period. It will take off in 2013 and it is worth N50 million," a top official of COD United disclosed.
COD United are expected to make a major announcement of the sponsorship partnership in a matter of days.
The Lagos-based club will play hosts to Abia Warriors in a Matchday 2 game of the National League at the Agege Stadium on Saturday.