Parallex Bank supports Lagos athletes with N10m

Parallex Bank has presented a total of N10 million to 10 exceptional athletes from the Lagos State contingent following their success at the 2025 National Youth Games in Asaba, Delta State. This significant gesture is intended to foster grassroots sports development and celebrate the athletes' achievements.

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At Parallex Bank, we believe that investing in young people is an investment in the future. These exceptional athletes have demonstrated excellence, discipline, and resilience, and we are proud to celebrate their achievements.

Each of the 10 selected athletes was awarded N1 million during a ceremony at the bank's headquarters in Lagos. Dr. Olufemi Bakre, the Managing Director and CEO of Parallex Bank, stated that the initiative reflects the financial institution's commitment to youth empowerment and national growth. He emphasized the belief that investing in young people is an investment in the future, recognizing the excellence, discipline, and resilience demonstrated by these young athletes.

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Through this recognition, we reaffirm our commitment to empowering young talents and enabling limitless possibilities for the next generation. Their performances at the National Youth Games deserved to be celebrated and encouraged.

Bakre further affirmed the bank's dedication to identifying and nurturing raw talent nationwide, aiming to help young athletes reach the global stage. The Lagos State Sports Commission, represented by Director-General Mr. Lekan Fatodu, commended Parallex Bank for its consistent support of the state's sports initiatives. Fatodu described the bank's intervention as a model for corporate social responsibility, highlighting its contribution to sports development by showing young athletes that outstanding performances can attract recognition and support from responsible organizations. This partnership is envisioned as a long-term collaboration to discover, develop, and reward grassroots talent across various sports disciplines.

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This intervention has contributed meaningfully to sports development in Lagos State by showing young athletes that outstanding performances can attract recognition, encouragement, and support from responsible corporate organisations.