The Lagos State Sports Commission has announced a strategic partnership with Parallex Bank to improve financial inclusivity and support for athletes in Lagos. This collaboration aims to introduce a more efficient and transparent financial system within the sports sector.
Director General of the Lagos State Sports Commission, Lekan Fatodu, highlighted that this partnership is a key step toward creating sustainable opportunities for athletes. It will ensure timely and secure payments, as well as invest in the development of new sports talent in Lagos.
Fatodu emphasized that the new payment system will enhance athlete welfare and foster a culture of excellence in Lagos sports. The goal is to provide athletes with the necessary resources and support to excel in their careers.
Parallex Bank’s Managing Director and CEO, Olufemi Bakre, supported this initiative as part of the bank’s mission to make a meaningful impact on society. The partnership aligns with the bank’s commitment to youth empowerment and sustainable growth through sports.
Bakre noted that the collaboration will support athletes and emerging talent, driving positive social and economic outcomes. The bank is committed to ensuring that athletes receive fair compensation and efficient financial support.
The meeting, held at Parallex Bank’s Head Office in Victoria Island, was attended by key officials from both organizations. The partnership marks a significant milestone in both the bank’s and the commission’s efforts to advance sports development in Lagos.