By Jafferson Ndhlovu,

Giant Nigerian oil company Aiteo Group will now be bankrolling the annual CAF Awards organized by the Confederation of African Football.

Until the Awards were sponsored Telecommunications company Globacom from about 2005 but Aiteo announced this Sunday that they are the new sponsors. The CAF Awards rewards the best players, coaches, administrators and teams in Africa annually.

In a brief statement Aiteo said, “We are now proud to take our corporate social investments in developing African football by sponsoring @CAF_Online award… More to follow,” Aiteo tweeted on Sunday along with a picture of CAF President Ahmad  in Lagos.

Aiteo also sponsors the Nigerian FA Cup, and recently Aiteo entered into a partnership deal with the Nigeria Football Federation.