Lagos State Sports Commission is partnering Parallex Bank to revolutionise payment solutions for athletes and foster talent development.
Director General of the commission, Lekan Fatodu, who led a delegation to the bank on Victoria Island, said the engagement would empower athletes with resources and support to achieve excellence.
He said the partnership paves the way for a more efficient and transparent financial system in sports, ensuring athletes receive payments promptly and through secure and efficient channel.
Fatodu noted the bank shares a similar interest with the state’s agenda of bringing innovation to sports.
“By introducing a streamlined payment system, we are improving welfare of athletes and encouraging a culture of excellence in Lagos sports…”, the director general said.
The bank’s Managing Director and Chief Executive Officer, Olufemi Bakre, said the proposition aligns with the institution’s mission to support initiatives that impact society, particularly in empowering youth and fostering growth through sports development.
Bakre stressed the commitment to back sports development is a step in the bank’s endeavour to advance communities and create opportunities to extend beyond the playing field.
