We’ve Not Abused Funds – Zifa
The Zimbabwe Football Association has come out to refute allegations that it squandered money given to it by FIFA.
In a statement issued on Monday it said:
Unfounded reports in a local daily newspaper claim that ZIFA has misappropriated the bulk of a staggering US$ 3 500 000 alleged to have been received from FIFA in the course of the last five years.
It called the reports in the newspaper ‘malicious’ and that all funds have been channeled to what they were intended for.
Zifa said it has ‘received US$ 2 072 740. 06 and not US$ 3 500 000 as reported by The Herald on Friday, 5 June 2015′.
All the money has been reported in yearly audits by Baker Tilly Gwatidzo Chartered Accountants which it says are available for inspection from its offices. 2010-2013 are available while the 2014 audit is awaiting ratification.
It also said that the reported $25,000 fine in The Herald of 3 June 2015 was actually $500.