The President of the Nigeria Football Federation, NFF, Amaju Pinnick, has disclosed that the $500,000 due to the country’s football body from FIFA is statutory allocation, not Coronavirus (COVID-19) palliative as some people have speculated.
The NFF President made this known in a series of tweets on his official Twitter page on Tuesday.
Pinnick tweeted: “As part of our efforts to remain transparent with financial dealings and because I have seen a few inquiries about FIFA’s release of funds to member associations, I feel I must update on how things stand.
“Every year, there are statutory allocations that federations receive from FIFA, for the smooth running of football in different alliances.
“However, these funds come with legislative specific areas of obligations. In other words, if FIFA gives you money for youth development, you cannot use that money for anything else.
“What FIFA has done now, though, is to release funds that were meant to be released later in the year, earlier.
“This is part of FIFA’s plans to help improve the hardships that this novel coronavirus has and will cause. It is not palliative, as some have speculated.”