PUMA Unhappy With Nigeria, Ends $2.7m Sponsorship Deal

PUMA on Wednesday, August 4, 2021, ended its 4-year deal with Nigeria over kitting issues that happened at the Tokyo 2020 Olympics.

The German Company was unhappy with the Athletics Federation of Nigeria and Nigeria’s Olympic Committee for kitting with a different sponsor, Afa Sports as the official kits supplier for Team Nigeria at the Tokyo Olympics.

This was against the deal with Puma in which both sides agreed that the Olympics Team would be kitted by Puma.

In a letter signed by PUMA’s International Sports Marketing Agency and addressed to the Athletics Federation of Nigeria on Wednesday evening, Puma wrote: “As a direct consequence of the recent developments, particularly at the Tokyo Olympic Games 2020 and pursuant to Clauses 9.2 and 7.3 of the Agreement, we hereby terminate the Agreement with immediate effect”.

Puma added that it wants to be discharged from any and all obligations towards all stakeholders involved and reserves all rights against entities involved.

Kayode Shopekan

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  Stop Senseless Killings in Katsina, Masari Warns Customs
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  Aregbesola Warns Immigration Officials Against Passport Racketeering, Fraud
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  Thugs Storm Osun APC Secretariat
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  Minister Drags Striking Resident Doctors To Court
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  Mixed Reactions As FG Reintroduces Toll Gates On Highways
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  Smuggling: FG Establishes National Vehicle Registry
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  Navy Debunks Report Of Attack By Militants In Niger Delta
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  Airport Concession: Workers Assured Of Job Security
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  Nigeria Needs Quality Leaders To Combat Developmental Challenges – Moghalu
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  Killing Of Six: Customs Boss Orders Probe
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  FEC Approves Policy For Toll Gates On Federal Roads
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  LCC: Lagos Obtained Approval For Loan Conversion Not Takeover
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  Lekki Deep Seaport To Commence Operations In 2022
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  Nze Duru, Others Selected For National Music Award
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  Katsina Lawmakers To Ban Border Drill Team Over Killing Of Six Indigenes
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  Sea Robbers Abduct Five People In Port Harcourt
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  Fully Loaded Container Falls, Blocks Road In Apapa
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  Sanwo-Olu Orders ASPAMDA To Conduct Election In 90 Days
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  LASTMA Dismisses Officer Over Bribery Allegation
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  Sea Piracy: Don Calls for Inter-agency Collaboration 
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  Six Rice Smugglers Killed In Katsina
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  NIPC Debunks Detention Rumour Of CEO
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  NIMASA To Resolve CVFF Disbursement Challenge
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  Uber, Moove Raise $23m, Create Lending Avenue for Drivers in Africa
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  AfDB Extends $2.5m In Grant To Support Electricity Market
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  How Free Naira Fall Triggered ‘Ban’ On BDCs
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  Customs Seizes N22.3bn Worth Of Elephant Tusks, Others
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  FG Approves Eight Eurobond Transaction Advisers
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  Lagos Divert Marina, National Theatre Traffic For 221 Days
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  Nigeria Needs More Funding For Renewable Energy Projects – Minister
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  Google Reviews Policy, Allows Crypto Ads Run Again
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  CBN Won’t Convert Customers’ Foreign Exchange Accounts To Naira
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  Germany Achieves One Million Electric Vehicles Target On Its Roads
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  IMF Board Endorses Raise In Lending Capacity By $650bn
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  PenCom Goes Digital On Pre-Retirement Verification Exercise
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  Senate To Assist Ikeja Electric Recover N70.96 Billion Debt
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  FG To Meet ASUU On Monday Over Looming Industrial Action
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  Resident Doctors Begin Nationwide Strike Amid COVID-19 Surge
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  PDP Demands Abba Kyari’s Extradition Over Alleged Involvement With Hushpuppi
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  Okagbare Disqualified From Tokyo Olympics For Doping
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  Lafarge Declares Profit Of N19.19bn In Q2 2021
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  UN Tells Governments To Punish Traffickers, Protect Children
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  SIM Registration Suspension Cost Telcos Eight Million Subscribers In Three Months
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  Newly Commissioned Rail Projects Generate N327m Monthly
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  Naira Gains At Official Investors Window
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  Enugu Airport Resumes International Operations Today
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  N21bn MDA Debt, EKEDC Request National Assembly Intervention
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  BDC Operators To Meet With CBN Governor Over Forex Ban
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  CSOS Propose Peace-building In Security To Improve Citizens Confidence
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  CBN Bails Out Discos, Disburses N156.33bn To Boost Power
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  FG Must Leverage ICT To Recover Economy – LCCI
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  Train Youths Digitally To Set Africa Free – Okonjo-Iweala
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  Tunisia President Fires Prime Minister Over Mass Protest
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  Amazon Debunks Accepting Bitcoin Payment
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  Oil Price Gains 0.54%, Closes At $75
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  DPO Killed In Gun Battle With Bandits In Imo
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  Benin Republic Court Refuses To Extradite Sunday Igboho To Nigeria
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  UNICEF, FG Partner To Empower 20 Million Nigerian Youths
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  Dangote $1bn Cement Plant Set To Commence Operations In Edo
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  Lasaco Proposes N183.4 Million As Final Dividend To Shareholders
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  Germany To Return 7,000 Benin Artefacts To Nigeria In October
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  Court Adjourns Kanu’s Trial Until October 21
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  Buhari Urges Contractors To Carry Out CSR
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  How Obasanjo’s Regime Broke Mobil, Shell, Chevron’s Monopoly In Oil Sector
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  Naira Falls Against Dollar At Black Market
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  Lagos Places Ban On Movement For LG/LCDA Election
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  Nigerians Reel Under High Cost Of Cooking Gas
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  Lagos Police Arrest 103 Hoodlums, Recover Drugs, Weapons
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  Lagos Govt Seals Chinese Firm, Others For Refusing To Pay Tax
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  Air Peace Deploys Embraer 195-E2 For Flight Operations
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  NSCDC Arrests Two Suspects For Allegedly Diverting 33,000 Litres Of Petrol
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  Nigeria’s Inflation Drops For Third Straight Month
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  World Bank Praises Yahaya Bello For Refunding $4.63m
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  Lalong Grants Financial Autonomy To Plateau Judiciary, Legislature
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  Nigerians React To Arrest Of Four Women For Selling Donkey Meat In Edo
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  Lagos State Govt Rolls Out New ID Cards
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  Supreme Court Orders FG Not To Cede 17 Oil Wells To Imo
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  UTME: Educationist Berates Parents Over Exam Malpractice
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  Lagos PDP Lauds Senate’s Refusal To Approve Onochie’s Nomination
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  LASTMA GM Backs CBT For Drivers Licence Applicants
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  Governors against financial autonomy commit treason – Legal practitioner
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  APC caretaker committee lacks power to organise national convention – PDP chieftain
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  Police in Lagos arrest, recover weapons from 4 suspected cultists
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  Nigerians react to Lauretta Onochie’s screening as INEC commissioner
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  G7 countries offer $382m to avert famine in Nigeria’s N’ East
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  Ladipo Market: Fire Service advise Lagosians on safety
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  Lagos Police warn Black Axe members against Founders Day celebration
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  Fire destroys GTBank office, shops at Ladipo Market, Lagos
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  ‘Nigerians deserve to know how $25bn overdraft was spent’
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  ‘PIB, a criminal document to enslave the Niger Delta people’
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  Bandit attack: CBN ask farmers to offset ABP loans
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  Aggrieved APC members in Kwara burn brooms, plan new party
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  Buhari congratulates António Guterres, Amina Mohammed on their reappointment
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  Amidst insecurity, JAMB commences 2021 UTME as scheduled
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  Nigeria’s Amina Mohammed reappointed UN Deputy Secretary-General
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  CBN promises to boost forex supply, assure travellers of access to dollars
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  EU Companies seek Investment, survey Lagos Free Trade Zone
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  EFCC set to file 800 new corruption cases in court – Bawa
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  Justice Okunnu gives former Bank PHB boss 6 years jail term