The Zimbabwe Football Association Chief Executive Officer Jonathan Mashingaidze has failed to account for the money that is alleged to have been misappropriated by the football mother body after the Warriors-Guinea match.
In a ZBC current affairs programme Melting Pot, aired on Thursday, Mashingaidze struggled to explain what exactly transpired.
Mashingaidze served to confirm financial irregularities at ZIFA after outlining a flawed process whereby money for services rendered is paid to service providers before gate takings have been banked.
“For the past four years, we say after a match creditors demand their money which we give to them at the cash office while other creditors are paid a day after the game,” said Mashingaidze.
ZIFA has come under fire for abusing funds disbursed under FIFA’s financial assistance programme and the local football governing body’s CEO struggled to explain how FIFA grants were being used.
“When we get FIFA grants we use two fifths ah ah sorry I mean four fifths of the money to settle debts, while the remaining money is used to cover administrative expenses,” he added.
ZIFA has been in the eye of a storm after an income and expenditure statement reported that they had made a US$12 000 loss in the match against Guinea despite the Warriors having attracted one of the biggest crowds to throng Rufaro stadium.
It is alleged that after the Guinea game some board members went direct to the cash room office and signed for US$4 000 which was recorded under match expenses and travel and subsistence fees.
The world over revenue accrued from gate takings is first banked before being disbursed to creditors yet in the ZIFA scenario creditors are paid directly from the cash office compromising accountability.