FIFA Confirms NFF’s Mismanagement Of Funds

By Ikenga Chronicles December 22, 2016

World football governing body has confirmed that It has suspended funds to Nigeria until  investigation into  how funds given to the Nigeria Football Federation (NFF) are being managed is completed.

This comes after the Minister of Youth and Sports Solomon Dalung on Sunday blasted the federation  at the NFF’s Annual General Assembly for lack of accountability in its financial dealings with FIFA.

A FIFA spokesman, Ségolène, in a letter to New Telegraph said the world governing body suspended the grants so as to install appropriate procedure on the management of the funds.

“FIFA is fully committed to supporting the member associations as we continue to improve our processes and structures” Ségolène said in the letter.

“In light of this, FIFA recently introduced new requirements for the management and administration of development funds allocated to its member associations. In cases of insufficient information as to the management of those funds FIFA may suspend the ordinary flow of such funds until a full understanding of the situation is achieved.”

“FIFA continues to work and cooperate with the respective member in order to obtain the required information and, if needed, install the appropriate procedures and controls for such development funds.”

“FIFA are confident that by working together with the Nigeria Football Federation, the issues will be resolve” the letter read.

 

 

Source: New Telegraph

 

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