ZIFA deny mis-use of funds allegations

ZIFA deny mis-use of funds allegations

ZIFA has come out to defend themselves over allegations of misappropriation of funds that were generated from the welly attended AFCON qualifier between Zimbabwe and Guinea.

According to ZIFA’s Income and expense account, the association accrued a loss of $12,481.00. A figure fans and media houses feel its not a true representation of facts.

ZIFA did not include in their accounts donations from well wishers such as PHD Ministries leader Walter Magaya. Magaya donated $20 000 for player allowances but surprisingly ZIFA had an allocation for that from the gate takings.

Another irregularity appears where ZIFA says they paid $3000 for bus hire. but Herentals College member Kudakwashe Remba confirmed to Newsday that they donated the buses, fuel and drivers for use during Warriors camp.

The full statement from ZIFA Reads reads:

The Zimbabwe football association would like to inform the football fraternity and the nation that it did not abuse any funds generated from the Zimbabwe vs Guinea Africa Cup of nations qualifier match.

ZIFA would like to explicitly and categorically state that the income and expenditure report basically explains all expenses paid directly from income generated from the match.

The ZIFA finance committee has powers to decide on creditors to be paid from match proceeds and such monies are accounted for on the income and expenses report of that particular match.

The ZIFA finance committee exercised due diligence in preparing the income and expenditure report.

Herentals is a ZIFA transport partner and provides transport services in exchange of mileage.

The $3 000 “bus hire” on the income and expenditure report is money that was paid to another creditor who had provided transport services in the past and not Herentals college.

The Association would like to abundantly state that no board members were paid from the income generated from the match and the ZIFA President Dr. Cuthbert E Dube has never received any money from the Association ever since he entered official football business way back in the 1990s.

ZIFA appeals to all creditors to remain calm as the association is seized with servicing all debts.

ZIFA is grateful to fans and all partners who contributed to the success of the match.

ZIFA is humbled by fans who thronged the stadium in their large numbers.

The Zimbabwe Football association is a very transparent organisation and takes pride in adhering to corporate governance tenets and will continue publishing income and expenditure reports for all national team matches.



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