NFF Sponsorship Scams And Dirty Deals Under Amaju Pinnick

NFF AND SPONSORSHIP SCAMS. By Admin This is not the best of times for the embattled former President of Nigeria Football Federation, Amaju Pinnick as his tenure was characterized by flagrant disregard for international best practices regarding finances and record keeping. We can authoritatively reveal that of all the so called mega sponsorship deals secured by the Federation only four of the contracts are domiciled at the Football House. Investigations reveal that both the records of the financial details and contents of the sponsorships are not in any records at the Glasshouse, despite the much trumpeted hiring of world class financial and marketing firms to do business with.  For the records, the only contracts domiciled at the NFF secretariat are that of Nigeria Breweries, Tom Tom, Emzol Pharmaceuticals and Simba Tricycle. Out of the three marketing agents doing business with the Football House, only Padmozi and Hot Sports have contract documents with the NFF but Mediterranean Sports company has no contract with the Federation, yet it has been used to transact business without the proceeds remitted into the accounts of the Football House. Interestingly, the much hyped two separate sponsorship contracts with AITEO sponsors of the Federation Cup and the National teams are not domiciled at the NFF secretariat. The proceeds from the contracts are equally not recorded in the accounts of the Football House. Other sponsorship documents not available at the secretariat of the NFF are that of Coca Cola, Zenith Bank, Nike Contract, and Pay Point among others. Our investigations also revealed that PriceWaterCoopers, the auditors of the NFF had severally queried these absurdities of contracts without documents existing anywhere at the Glasshouse.  The Nike contract will be a special focus given the monumental reap off the country has suffered in entering the deal as against the much richer Adidas contract.  The height of the scandal under the Amaju Pinnick led board was the disregard for government d policy on Treasury Single Account.,TSA in preference for what was called "off shore account," where the funds of the Football House were warehoused in a company, other than the Central Bank of Nigeria or the accounts of the NFF.  Our in depth investigations further revealed that the companies being used to collect money and the commission they collect are equally shrouded in secrecy, just as the documents of their sponsorship deals with all the sponsors, except just four out of 16. Watch out for more dirty deals.