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Sports Development

To assist in the promotion and development of sporting activities in Nigeria, the CBN has been sponsoring various sporting events. These include Lawn Tennis, Golf Tournament and All Financial Institutions Football Competition. 

  1. Lawn Tennis
    The 33rd edition of the Senior Open Tennis Championship was held from 27th May, 2011 to 4th June, 2011 at the National Stadium, Suru Lere,Lagos with winners emerging in various categories: In the men�s single, Henry Atseye defeated Chinonso Madueke to lift the trophy while the duo of Sunday Maku and Sunday Jegede defeated Sunday Emmanuel and Babalola Abdulmumuni to emerge the men�s doubles winners. In the ladies category, Biola Akewula defeated Blessing Samuel to become the ladies champion while the pair of Fatima Abinu and Omotayo Ibrahim defeated Christy Agugbom and Blessing Samuel to emerge ladies doubles winners.

    It is pertinent to note that since its inception in 1979, the championship has produced talented players that represented Nigeria at international tournaments. Prominent among such players are Sadiq Abdullahi, David Imonite, Remi Osho, Sunday Maku, Veronica Oyibokia, Rolake Olagbegi, Clara Usofa, Margaret Olagundoye, and many others. The Championship has in fact become a selection ground for the country in preparation for major competitions such as Davis Cup, All Africa Games, etc.

    In its determination to ensure that young stars are discovered and developed early, the CBN introduced in 2007, �The CBN Junior Tennis Tournament�. The tournament is designed to serve as a feeder to this senior championship and it is open to boys and girls between the ages of 10 and 18. The 5th edition of the junior championship was held from 2nd to 7th May, 2011 at the Lagos Lawn Tennis Club, Tafawa Balewa Square, Race Course, Lagos.

    It is in recognition of the contributions made by the Bank towards the development of sports in the country, that the Champion Newspaper awarded CBN the �Sporting Corporate Sponsor of the Year 2007 (Tennis). The award according to the Newspaper, was in recognition of CBN�s commitment to the development of sports, particularly the game of tennis.

  2. CBN Governor's Golf Cup
    In continuation of its commitment to the development of sports, the Bank in 2007 sponsored the maiden edition of the CBN Governor�s Golf Cup Tournament at the IBB International Golf & Country Club, Maitama, Abuja from 2nd to 4th November , 2007. The objective is to create an atmosphere of relaxation for distinguished personalities to cross-pollinate ideas necessary for friendship and business opportunities. It is also part of the Bank�s corporate social responsibility obligations towards the development of the game of golf in Nigeria.

    The 5th edition of the CBN Governor�s Golf Cup Tournament was held at the IBB Golf and Country Club, Maitama, Abuja, from Friday 9th to Sunday 11th December, 2011.


  3. All Financial Institutions Football Competition

  4. The final of 2011 edition was played at the M. K.O. Abiola Stadium, Abeokuta, Ogun State on 5th November, 2011 with First Bank of Nigeria (FBN) Football Club emerging winners of the competition. The Team defeated Union Bank of Nigeria (UBN) Club 3 � 2 to lift the trophy. The CBN in collaboration with Nigeria Football Federation (NFF) organizes the competition to foster closer relationship among employees of banks and other financial institutions. The competition has been on since 1979, when the maiden edition was held to mark the 20th anniversary of CBN. It is worthy to note that football stars like Stephen Keshi, Henry Nwosu, Kanu Nwankwo, etc had featured in the competition.

 

Facts : 1/1/1900
BOFIA:In 1991, the Bank s and Other Financial Institutions Act (BOFIA) formerly BOFI was promulgated to replace the CBN Act of 1958 and the Banking Decree of 1969 (including later amendments). The policy brought the non-bank financial intermediaries under the supervision of Central Bank of Nigeria.
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