Sports

ZIFA Board In Over US$2 Million Scandal

The Zimbabwe Football Association (ZIFA) board once led by former president Felton Kamambo has been caught in the storm of over US$2 million scandal following a leaked forensic audit shared online.

The Binder Dijek Otte (BDO) Zimbabwe Chartered Accountants conducted the ‘leaked audit’ draft of Zifa.

It was unearthed that over US$2 million and ZWL$112 million were milked from the board coffers without proper documentation to account for the money.

According to a forensic report which already sparked noise, the money in question is said to have been siphoned between December 1, 2018, and November 21, 2021.

The audit report indicates that an estimated US$160,000 only was unaccounted for in 2018, while in 2019, US$500k couldn’t be traced and audited.

Furthermore, nearly US$380k could not be accounted for between 2020 and 2021.

Apart from the above irregularities outlined in the audit report, it is also highlighted that the fired Kamambo and other board members received at least US$15 000 each during the Covid-19 era when the local football clubs were financially struggling.

However, the audit report is yet to be signed, and the Sports and Recreation Commission (SRC) has urged football stakeholders to wait for the official ZIFA forensic report.

“There are certainly very significant sums of money received by ZIFA that cannot be accounted for during the review period of December 1 2018, to November 30 2021.

“The auditors have not signed off on the draft forensic audit report, and they will do so shortly.

“The ZIFA Audit Report, once formally and procedurally presented to the restructuring committee that commissioned it, is ultimately intended for the benefit of the members of ZIFA to consider during their general meeting slated for the end of October 2022.

“Accordingly, we advise stakeholders and the public alike to exercise reasonable caution in drawing any conclusions at this point,” reads the statement.

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