The Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have reportedly launched investigations into the management of about N12 billion in government funds released to the Nigeria Football Federation (NFF).
The money was reportedly released by the Federal Government to settle players’ wages, match bonuses, allowances and other financial commitments involving Nigeria’s national teams.
The development has raised questions over the management and disbursement of funds allocated to Nigerian football, with the anti-graft agencies expected to scrutinise relevant financial records and transactions.
The investigation could also determine whether the funds were released and spent strictly for the purposes approved by the government.
The probe comes amid longstanding concerns surrounding delayed payments of bonuses and allowances to Super Eagles players and other national-team footballers.
Officials and individuals connected to the handling of the funds may be required to provide explanations and relevant documentation as the investigation progresses.
No conclusion of wrongdoing has been established against any individual at this stage, and the probe should not be interpreted as a finding of guilt.
Further updates are expected as the EFCC and ICPC continue their investigations.
Stay tuned to LiteTv for more updates.
