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SRC: Zifa paid salaries from Guinea match revenue, failed to disclose details
25/09/2015 00:00:00
by Sports Reporter
 
Protected? ... Zifa CEO Jonathan Mashingaidze
 
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ZIFA realised a loss from the Zimbabwe-Guinea Africa Cup of Nations match after some of the money was used to pay staff salaries, some of whom had gone 15 months without receiving their dues, the Sports and Recreation Commission (SRC) has said.

The SRC commissioned an audit after a number of irregularities had been discovered in the financial statements that were released by Zifa two days after the match which revealed that they had made $88 000 from gate takings but overall, made a loss of over $12 000.

Statutory levies paid out from the match included those of Fifa, Caf, SRC and match officials’ airfares and match fees.

In addition, Zifa shelled out $22 000 to players as appearance fees and bonuses while four board members were paid travel and subsistence allowances as they came from outside Harare.

But Zifa failed to disclose that they used part of the money to pay staff salaries, two months after the staffers had told the media that they were living in poverty.

One of the staffers, Sheilla Ncube, who was on the competitions desk, passed away after failing to get money to cover her medical expenses.

The SRC said Zifa must respond to the issues raised by October 5, two days after an extraordinary, meeting that is meant to boot out its president Cuthbert Dube, or face action, which, according to the SRC, might mean deregistration.

SRC board chairman Edward Siwela said: “We noted with concern the governance concerns that Zifa continues to pay lip service to.

“We commissioned an audit team to look into the finances from the Zimbabwe-Guinea match and the findings from the report that we received did not indicate a huge fraud as had been reported.

“It is clear that Zifa fell short with respect to factual disclosure of their transactions. In some instances, we had cases of misrepresentation.

“We had a situation where there were expenses that were put against the revenue realised from this match, which expenses had no direct bearing on this match.

“For instance, we had staff salaries being paid from that match. The effect is to present a picture where a loss was realised from the game when in fact this may not actually be accurate because some of the expenses that were met from the revenue from that match had nothing to do with the expenses incurred from the match.



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“They failed to disclose that they had applied money from gate receipts to pay expenses that were not directly related to the match in question.

“There were also instances where there was misrepresentation in respect to those expenses. In short, Zifa did actually realise a loss from the game but not of the magnitude that was presented in the financial statements.”

Dube has been under fire since winning re-election in March this year and has been accused of protecting his chief executive, Jonathan Mashingaidze.

Last week, Dube told the media that if there was evidence that Mashingaidze had erred in his conduct of association business, he will fire him.


 
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