DistantNews
Support us
๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Good News

Parallex Bank splashes cash on Lagos U-15 athletes

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Parallex Bank rewarded 10 outstanding Lagos State athletes from the 2025 National Youth Games with N1 million each.
  • These athletes were instrumental in Team Lagos securing its first-ever overall title at the Games, winning 110 medals.
  • The bank described the cash reward as an investment in the future of young athletes and a recognition of excellence.

Parallex Bank has celebrated the success of Team Lagos at the ninth National Youth Games by rewarding 10 of its standout athletes with N1 million each. This significant gesture recognizes the young athletes' contributions to the state's historic triumph at the competition.

Today is not just about celebrating medals. It is about celebrating excellence.

โ€” Olufemi BakreParallex Bank MD and CEO spoke at the award ceremony for the young athletes.

Team Lagos achieved its first-ever overall title at the National Youth Games in Asaba, dethroning host Delta State. The team secured an impressive 110 medals, comprising 52 gold, 32 silver, and 26 bronze. The presentation ceremony took place at the bank's headquarters in Lagos, honoring the athletes whose performances powered this remarkable achievement.

We believe that investing in young people is one of the best ways to shape their future. Our purpose is to enable limitless possibilities, and that is why we are extending one million naira to each of these outstanding athletes as a token of appreciation for their hard work and commitment.

โ€” Olufemi BakreBakre explained the bank's philosophy behind the N1 million reward for each athlete.

Parallex Bank Managing Director and CEO, Olufemi Bakre, emphasized that the cash reward is an investment in the future of Nigeria's next generation of champions. He stated, "We believe that investing in young people is one of the best ways to shape their future. Our purpose is to enable limitless possibilities, and that is why we are extending one million naira to each of these outstanding athletes as a token of appreciation for their hard work and commitment."

This gesture is beyond a reward. It is an investment in their future and a reminder that excellence never goes unnoticed. To our young champions, today is not your final destination. It is the beginning of an even greater journey. Continue to dream boldly, continue to work hard and continue to inspire your generation.

โ€” Olufemi BakreBakre encouraged the athletes to continue striving for greatness after receiving their awards.

The initiative underscores the bank's commitment to recognizing excellence from an early stage. Bakre added, "To our young champions, today is not your final destination. It is the beginning of an even greater journey. Continue to dream boldly, continue to work hard and continue to inspire your generation." The Lagos State Sports Commission hailed the partnership as a model for public-private collaboration in youth development through sports.

This is one of the finest examples of corporate social responsibility because it focuses on human capacity development. It helps young people unlock their limitless possibilities while reinforcing the values of discipline, excellence and resilience that sports instils.

โ€” Lekan FatoduDirector General of the Lagos State Sports Commission praised the bank's initiative.
DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.