A recently leaked audit draft report of the Zimbabwe Football Association (ZIFA) by the Binder Dijek Otte (BDO) Zimbabwe Chartered Accountants who carried out the forensic audit has exposed large amounts of unaccounted for money.
Seen by Nehanda Radio, the draft report dated 29 September 2022, unearths that whooping amounts of US$2 million and ZWL$112 million respectively were unaccounted for between December 1, 2018 and November 30, 2021.
As noted in the draft, these unaccounted large sums of money accumulated as a result of several factors.
Amongst them include; the association’s expenditure, payments, loan and cash withdrawals that have no supporting documents.
According to a breakdown shown in the forensic audit draft report, almost US$160,000 only was unaccounted for in 2018 while in 2019 close to half a million United States dollars could not be audited.
Furthermore, nearly US$280,000 was also unaccounted for, for the year 2020 and in 2021 the usage of an amount slightly above US$100,000 could not be retraced.
Meanwhile, it is also not clear on how almost ZWL$20 million was spent in 2019 and in 2020 respectively.
Moreover, an amount of almost ZWL$90 million for 2021 was further unaccounted for by auditors of the international company the BDO Zimbabwe Chartered Accountants.
And despite the unaccounted large sums of money, the draft report also exposes a number of irregularities that took place during the tenure of the suspended former ZIFA president Felton Kamambo’s board.
Nevertheless, the SRC who are the brains behind the ZIFA auditing have indicated that the auditors have “not signed the draft of the forensic audit report”.
According to reports, the auditors will sign “once the report has been formally and procedurally presented to the (SRC) restructuring committee that commissioned it (the ZIFA audit)”.
In a statement issued last week, ZIFA through its Executive Committee led by the acting president Gift Banda resolved to hold an Extraordinary General Meeting on October 29, 2022 and revealed that it will also deliberate on the anticipated forensic audit report.
Kusemahlangeni,
And fifa will tell you to reinstate this guy nce
Methuli Thato Mabandla Nkomo yes because they don’t relay on social media information!
Methuli Thato Mabandla Nkomo its about procedure.. Zim people like emotionally making decisions. 1. There is a procedure of escalation. 2. These audits should happen often ,why do they always happen after 3 years . 3. Procedure and decisions should happen fast.
Methuli Thato Mabandla Nkomo I think it’s gud idea then get rid of him.
Kungoti Fifa haitenderi kuti government ipindire chete munyaya dzebhora but SRC iriryt nekuti corruption yanga yanyanya maplayers asingawani mari futi iye Kamambo achidya hake
Leo Biz which ZIFA executive was clean? Why focus on the Kamambo period only? Can’t we go back to the other President who used to rent out his property to ZIFA?
Pardon Tichatonga Kanhenga we talking about Kamambo not others
Leo Biz are others sacred cows?
Pardon Tichatonga Kanhenga i didnt say that, do not divert from the issue, lets talk about Kamambo chete here
Grand theft there
Mazibisa Shepherd Sindiso according to the social media information!
Nhema, varikuda kuroverera kamambo chete, vaidi vakaita audit vasati vamudzinga basa, this is fake, zanupf mbavha idzi,
Every thing about Zimbabwe is “theft this,theft that ” when will it end and we start seeing positive development
Kamambo keumbavha kkkk
Guys harare is not a safe place to do business. Imagine epassport already a scandal this early
Evidence Maphosa what is happening now at e passport 😓
Mbavha idzi dzichatinetsa
Leaked ZIFA audit report unearths over US$2 million unaccounted for – Nehanda Radio – https://t.co/UmlACoKeM0 https://t.co/vrXKwkNJFB
RT @NehandaRadio: Leaked ZIFA audit report unearths over US$2 million unaccounted for – Nehanda Radio – https://t.co/UmlACoKeM0 https://t.c…
Mbavha
Tumambo , tozviziva kuti zvikwekwe izvi, hezvo kune vaye vakapembera heee he is young wat wat chitaurayi tinzwe . Nyaya ndeyekuti group revanhu ava vese netwese anachamisa utu hapana chobuda pese pavabata paora . Kungava kusport politics dzacho vasanganisa, kuparadza chete marema achipururudza arimumashure, nyika inosvika pakunzi haichisina ground rakakodzera kutambirwa bhora isu tine vana vadiki varikutungamira muma departments iwayo , makanzuru mumaguta umo ivo vamurikuti vakomana ndivo vakabata pembe , chabuda hapana ingova scandal after scandal. Ground reGwanzura hanzi vapfanha muHighfields umo vange vakuvhima vachibata tsuro imomo asi kanzuru ichitungamirirwa nekamunhu karikunyepera nyika yese kuti ndiiteyi president ndinogona kukunda varipo, hamusikuona here masign ayo aripachena kuti kutamba zvako nezvikwekwe zvikumurira kusveta munhu wese ropa.
The possibility of manipulating the audit is very high. I don’t believe this audit. Reinstate Kamambo.
Muchanyeba imi nema audits enyu e fake awa, FiFa inongoti dzoserai Kamambo only,, maidi makaita audit yenyu musati madzinga Kamambo ana bhangu imi,, dzoserai Kamambo 1st mozotiudza zvema fake audit enyu awa, asi mofunga kuti FiFa ndo ZEC kani,, kkkkkkk mauraya ma career evana vakawandisa ana bhangu imi