Chief Executive Officer/ Managing Director of Custodian Life Assurance PLC, Mr. Larry Ademeso, has explained why his organisation decided to intervene in boxing.
The explanation was given at a media parley held at the Old Skool Restaurant, National Stadium, Lagos, to announce GOtv Boxing Night, a professional boxing event put together by pay-TV company, GOtv, and promoted by Flykite Productions.
Ademeso said Custodian Life Assurance, which is providing insurance cover worth N24million for 12 boxers billed to fight at the GOtv Boxing Night on 23 November, places enormous value on the life of the boxers.
He added that the insurance cover provided is part of the company’s partnership with GOtv to ensure that boxing, a sport that once made the country proud, is rescued from its decrepit state.
‘‘I have no doubt that the event, with the active support of organisations such as ours, will spark the revival of boxing in Nigeria. There is no better way of demonstrating our commitment than the scale of insurance cover we are providing the boxers participating in this event to the tune of N24million, of course, the key dependency of our future commitment will be down to the success of this initial event. We surely have long term commitment towards noble initiatives,’’ Ademeso said.
Many boxing legends present at the media parley praised Custodian for its initiative, which they reckon will encourage the boxers to put in their best in the knowledge that they are insured.
Former Light heavyweight champion, Joe Lasisi, said he is delighted at the package announced by Custodian and believes that it will elevate the status of professional boxing.
Ex-Olympian, Jerry Okorodudu, said the Gotv Boxing Night will change the trend of low purse fights for professional boxers
He stressed that the provision of insurance policy will excite and encourage Nigeria's amateur boxers to join the league of professional boxers.
While commending Flykite Productions, Okorodudu charged the organisers to make it a monthly event in order to discourage Nigerian professional boxers from leaving the country for other West African nations to fight regularly.
Okorodudu, a Commonwealth Games bronze medallist, urged the boxers to perform professionally as a way of encouraging the promoter, Jenkins Alumona of Flykite Productions and sponsors to continue staging the event for years.
He added amateur boxers are afraid of turning professional because of lack of credible managers, poor fighting purse and genuine promoters.