Wednesday, October 27, 2021
MARKET UPDATE

TheCable

Advertisement

‘Your money is intact’ — sports ministry denies diverting basketball players’ funds

‘Your money is intact’ — sports ministry denies diverting basketball players’ funds
October 13
18:16 2021

The ministry of youth and sports development has debunked claims that it diverted funds meant for the payment of the country’s male and female basketball teams’ allowances.

Advertisement

In a now-viral video, members of D’Tigress had lamented that they are being owed allowances and bonuses by the Nigeria Basketball Federation (NBBF).

The women’s basketball team had also threatened to boycott future call-ups to represent Nigeria for the 2022 World Cup qualification series if all outstanding allowances are not paid.

In the video clip, Ify Ibekwe, one of the prominent figures in the D’Tigress, listed the figures owed and also included the $100,000 donation which was given to the team by three Nigerian banks in preparation for the Tokyo 2020 Olympics.

Advertisement

But in a statement on Wednesday evening, the sports ministry denied claims that its officials shared some monies belonging to the basketball teams.

It also said that the monies are “intact in the Nigeria Basketball Federation’s (NBBF) official domiciliary account domiciled with the Central Bank of Nigeria (CBN).”

The statement added that the funds, however, have not been disbursed because members of D’Tigers are yet to provide their account numbers “so that the processing of payments can be one-off as requested by the CBN.”

Advertisement

“The $230,000 donated to the Basketball teams by the Banks under the Adopt-a-Team programme of the Ministry is intact in the Nigeria Basketball Federation’s (NBBF) official domiciliary account domiciled with the Central Bank of Nigeria (CBN),” read the statement signed by Ismaila Abubakar, the permanent secretary of the ministry.

“That only the 12 female Team members of D’Tigress have supplied their foreign account numbers. The Ministry waited for the account numbers of the Male Team to be supplied so that the processing of payments can be one-off as requested by the CBN.

“The Ministry has requested the CBN to commence the processing of the payment to the Female Basketball Players immediately. The Male will be paid as soon as their account details are supplied.

“Ministry wishes to state further that all outstanding -Olympics and Paralympics Games allowances and bonuses are being processed and only slowed down by funds availability. Furthermore, the Ministry of Finance has been fully furnished with details of the outstanding allowances and payments due to the NBBF, and the Nigeria Football Federation(NFF) and efforts are being made to secure the release.”

Advertisement

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment