Nigeria’s sports minister Solomon Dalung wants the finances of the Nigeria Football Federation audited after it emerged that world governing body FIFA has suspended grants to the national body, following improper accounting for $1.1m it has received.
Speaking at the Annual General Assembly on Sunday in Lagos, the minister revealed that FIFA wants explanations for about how $802,000 of the money was spent.
Dalung lambasted the NFF, saying the matter must be treated with urgency to avoid ‘another international embarrassment.
I received a report from the NFF intimating me of FIFA’s audit report which raised queries on the management of $1.1m FIFA development grant to the NFF. According to the report, FIFA has withheld all development funds to Nigeria for lack of proper documentation of $802,000 out of the funds released to NFF. Africanfootball.com quotes Dalung as saying.
This is a very serious issue that must be given urgent attention to avoid another international embarrassment, more so that the present administration under the leadership of Mr. President, His Excellency, Muhammadu Buhari has zero tolerance for any act of misappropriation, misapplication, embezzlement or fraud in any guise.
To this end, the NFF is directed to immediately provide my office with detail information of receipt, disbursement and application of the FIFA development grant accordingly.
In addition, a reputable audit firm should be appointed urgently to check the account books of the federation to ensure that funds are judiciously expended.
The audit report must be made public so as to promote transparency, build credibility and enhance your market value.