Obaseki rejected the award at a party where he feted members of the Bendel Insurance Football Club for qualifying to the Nigerian Professional Football League (NPFL) after 11 years relegation.
The Edo Governor who urged the team to give account of themselves in the NPFL said the team lived up to the challenge thrown at them at the unveiling of the re-branded club in 2018.
Obaseki then announced N25m cash reward for the players and N5m for the supporters club.
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