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Thursday, December 8, 2022
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ZIFA audit results to be presented at next board meeting

By Lawrence Trusida

ACTING ZIFA president Gift Banda says the audit results presented by the Sports and Recreation Commission (SRC) this Thursday will be tabled at the next ZIFA Executive Meeting to map the way forward.

The audit, which was conducted by BDO Chartered Accountants and released by the SRC, unearthed the rot at ZIFA.

The results indicated that there were payments with no supporting documents amounting to millions of Zimbabwean dollars.

The report also highlighted that ZIFA breached its constitution and that of FIFA by paying over US$1 million to Rollertag Investments towards the purchase of equipment.

ZIFA councillor and beach soccer president Marshall Jonga is a beneficial shareholder of Rollertag.

According to FIFA Forward regulations, any member association or confederation receiving funding from Forward 2.0 must avoid any situation giving rise to conflict of interest.

The audit also highlighted that invoices of more than US$200 000 were issued at different times last year, but deliveries are still outstanding.

The audit also brought to light how the executive committee was doing business without the approval of the board as all the equipment purchases were made without the approval of the board as stipulated in the ZIFA finance and administration and procedures manual.

Other discrepancies exposed by the audit were loan payments made to Conduit Investment which has links to former ZIFA board member finance Philemon Machana and Sports Unlimited, but the loan agreements were not availed to the auditors and no repayments were done.

“The board will decide on the course of action, I can’t say much as a collective decision has to be reached ,when we meet before the end of the year, but clearly money was being syphoned from ZIFA and used for individual purposes,” said Honourable Gift Banda – Acting Zifa president.

The SRC has already indicated that there will be repercussions for those found on the wrong side of the law.

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