Parallex Bank Splashes Millions On Lagos’ Young Athletes

In a bold demonstration of commitment to youth empowerment and grassroots sports, Parallex Bank has awarded cash prizes of ₦1 million each to four exceptional young athletes from Lagos State in recognition of their outstanding performances at the 2024 National Youth Games.

This remarkable gesture follows the Bank’s earlier pledge to identify, recognize, and reward top athletic talent in the state that distinguished themselves through exceptional performance and discipline at the U-15 Sports Competition held in Asaba.
Beneficiaries of this prestigious recognition; Emmanuel Bright (Tennis), Akanbi Demilade (Swimming), Kanu Chioma (Swimming), and Akinwuwo Oladeji (Deaf Athletics) were celebrated for their remarkable contributions to Team Lagos’ success at the 2024 National Youth Games held in Asaba, where the state secured an impressive 66 medals across various sports disciplines.

At a vibrant presentation ceremony attended by top executive members of Parallex Bank and senior management of the Lagos State Sports Commission, held at the Bank’s Headquarters in Victoria Island, the atmosphere was charged with pride and optimism for the future of youth sports in Lagos.

In his remarks, the Director General of the Lagos State Sports Commission, Mr. Lekan Fatodu, described the gesture as a shining example of how strategic private-sector partnerships can significantly enhance grassroots sports development and uplift the next generation of athletic talent in the state.

“This partnership with the private sector is proof that when government and corporate entities collaborate, the outcomes are impactful. Our model of early talent identification and structured development is working — and these athletes are living proof.”

According to him, today’s event highlights the future we are building for sports in Lagos. One that is inclusive, strategic, and forward-thinking. Of the four athletes honoured, three are female including a deaf athlete. This is not by coincidence; it reflects our strong commitment to gender inclusion and equal opportunity in sports development.

He further emphasized that the state’s unwavering dedication to youth development through sports is driven by the vision of Governor Babajide Sanwo-Olu to make Lagos a premier hub for youth sports excellence in Africa.

Commending Parallex Bank for its timely and impactful support, Mr. Fatodu emphasized that public-private collaboration like the one shared with Parallex Bank help close critical funding gaps and provide the additional structure, resources, and encouragement that young athletes require to stay motivated, focused, and on track to achieve their full potential.

Speaking at the event, the MD/CEO of Parallex Bank, Dr. Femi Bakre, expressed the institution’s pride in empowering the next generation of Nigerian athletes, emphasizing that the Bank remains deeply committed to nurturing talent and rewarding excellence.
He noted that the initiative reinforces Parallex Bank’s dedication to supporting young Nigerians who not only excel in sports but also embody the values of discipline, resilience, and determination – qualities essential for national growth and personal success.

“At Parallex Bank, we believe in the transformative power of youth sports. These athletes embody excellence, discipline, and the promise of a brighter future. Today’s reward is not just a token, but a long-term investment in their journey and in Nigeria’s sporting future”, he disclosed.