By Oyediji Oluwaseun Babatunde
Sports Writer, kick442.com Nigeria
President of Nigeria Football Federation, NFF has asserted that funds released to member nations by the Federation of International Football Association, FIFA is meant for the football development with proper account auditing.
He disclosed this during a live radio interview on Lagos Talks monitored by kick442.com
“FIFA is keeping to their words because, during the four years World Cup period, FIFA makes about 96 billion Euros. The money is not for FIFA. The money is to develop football. From there, every Federation, even the English FA, the richest FA in the world gets entitled to these funds. Funds released by FIFA is for football development. We have the female league, female youth football, male league, male youth football, IT, and Congress. These are detailed specific that one can’t go around as far as FIFA funds are concerned. FIFA specifically says that this is what these funds are for. FIFA also audit these funds. Randomly, they select countries that they visit with auditors. If they are not comfortable with the audit because after every annual general assembly, you are meant to send your audit report, but because we use one of the best in the world, PWC, they are always comfortable and FIFA also uses PWC.” He said.
“We know how PWC go about their work. They are detailed. They are even beyond the anti-graft agencies when they are looking for information.”
Amaju Melvin Pinnick concluded by saying that FIFA also releases equal funds to members for operative purposes.
“Due to the fact that FA needs more money for operations rather than for infrastructures because some have small citizens and receive the same amount of funds from FIFA, even China with about 1.3 billion people.” He concluded.
Kick442.com had earlier reported that funds released by FIFA are not relief funds for football clubs and players in terms of palliatives during the current CoronaVirus, COVID-19 pandemic.
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from our management.
This site is not responsible for the content displayed by external sites