Tingo Federation Cup Sponsorship Already Hits Trouble As Company Yet To Pay Up
The sponsorship of the NFF Federation Cup has hit troubled waters from the onset as title sponsors Tingo Mobile have yet to pay the rights fee of 200 Million Naira.
A source told www.insideglasshouse.com: “Tingo are yet to pay the sponsorship fee for the first year.
“They have asked the NFF to give them some time to sort of some internal issues before they will pay.”
Tingo credibility has been questioned in the media to raise more concerns about the sponsorship for the country’s oldest club competition they entered recently with the NFF.
Telecommunications company Tingo has agreed to pay the NFF 200 Million Naira a year for the title rights of the Federation Cup for the next three years.
The mobile phone company sponsored the richest pre-season football tournament in Nigeria last year which paid winners Shooting Stars a whooping 100 Million Naira as prize money.
Tingo is owned by Billionnaiire Dozy Mmobuosi, who is bidding to buy Sheffield United who have been promoted to the Premier League.
Bendel Insurance won a prize money of 15 Million Naira after they pipped Enugu Rangers 1-0 to win this year’s Federation Cup in Asaba.