Home / Breaking News / NFF President Set to Face FG Ban Over Alleged financial scandal

NFF President Set to Face FG Ban Over Alleged financial scandal

 Authoritative sources have disclosed that President Muhammadu Buhari may have been fully briefed about the monumental financial scandal involving the monies paid by FIFA and the Confederation of African Football (CAF) to the Nigeria Football Federation (NFF).

According to our sources, “when these figures were brought to the notice of the President in a report, he was terribly alarmed. From January 2014 to June 2016, the NFF got over $16m which they could not account for. He (President Buhari) was told that three NFF staffers were being prosecuted by the EFCC.”

www.gongnews.net investigations showed that the NFF domiciliary accounts with Zenith Bank and UBA (account numbers withheld) received a total inflow of (USD16,417,761.00) sixteen million, four hundred and seventeen thousand and sixty-one Dollars from both FIFA and CAF between January 2014 and June 2016.

The breakdown of our investigation are as follows:

S/No Bank Amount Date Source
1) Zenith $8,400,000 18/12/2014 FIFA
2) Zenith $450,000 23/01/2015 FIFA
3) Zenith $1,081,000 25/03/2015 CAF
4) Zenith $3,000 13/10/2015 CAF
5) UBA $1,500,000 12/01/2014 FIFA
6) UBA $1,746,745 15/01/2014 CAF
7) UBA $249,950 19/03/2014 CAF
8) UBA $301,467 12/12/2014 FIFA
9) UBA $30,000 14/05/2015 FIFA
10) UBA $315,149 31/07/2015 FIFA
11) UBA $399,000 14/08/2015 FIFA
12) UBA $300,000 11/09/2015 FIFA
13) UBA $850,149 16/10/2015 FIFA
14) UBA $2,990 18/11/2015 CAF
15) UBA $79,540 12/02/2016 FIFA
16) UBA $2,990 15/03/2016 CAF
17) UBA $9,930 22/06/2016 CAF
18) TOTAL $16,417,761.00

The $16,417,761.00 translates to N59,103,393,960.00 at the exchange rate of N360 to the Dollar.

“The Federal Government has already approved a travel ban on the NFF President, Amaju Pinnick pending when he would, with some board members, be prosecuted in court any moment from now,” said our source.

Five members of the NFF Board have been scheduled to be prosecuted in court most likely next week. They would be prosecuted as having participated in the improper documentation of the funds which flowed into the Glass House during the said period.

However, our source also revealed that President Buhari has demanded for the volume of monies from FIFA and CAF from June 2016 to December 2018. Two agencies were given the assignment to compile and submit the report to his table within two weeks.

(gongnews)

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