Friday, 13 November 2026

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Flamingos’ N100 million rewards to be invested in five-year bonds

The National Sports Commission says players and officials will hold federal instruments instead of cash.

Flamingos’ N100 million rewards to be invested in five-year bonds
Photo: Obiosa Chukwuemeke / CC BY-SA 4.0

The N100 million approved for each member of the world-champion Flamingos, including players, technical crew and administrators, will be placed in five-year Federal Government instruments rather than paid in cash.

The National Sports Commission announced the arrangement after a presidential reception honouring the team, which returned to Abuja on Monday, 9 November. Officials argued the structure protects the players’ long-term finances, though some fans questioned why the money is not simply paid out.

Source: Voice of Nigeria

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