• Latest
  • Trending
  • All
  • News
  • Economy
  • World
  • Lifestyle
ZIFA forensic audit report exposes massive financial irregularities; US$600,000 not accounted for

ZIFA forensic audit report exposes massive financial irregularities; US$600,000 not accounted for

3 years ago
China in Africa: Who is fooling who?

China in Africa: Who is fooling who?

1 year ago
Sino-Zim: Turning the ironclad pact into dollars

Sino-Zim: Turning the ironclad pact into dollars

1 year ago
If our friends in China did it…

If our friends in China did it…

1 year ago
Handbook to guide Gukurahundi Outreach

Handbook to guide Gukurahundi Outreach

2 years ago
Harare building collapses, woman dies

Harare building collapses, woman dies

2 years ago
Africa backs Zimbabwe’s Security Council bid

Africa backs Zimbabwe’s Security Council bid

2 years ago
ED says no to third term

ED says no to third term

2 years ago
Banks start changing accounts to ZiG

Banks start changing accounts to ZiG

2 years ago
SADC will prioritise food security, says Incoming Chairperson

SADC will prioritise food security, says Incoming Chairperson

2 years ago
Caps fans invade pitch, match abandoned

Caps fans invade pitch, match abandoned

2 years ago
Measures to promote use of ZiG

Measures to promote use of ZiG

2 years ago
ZiG starts circulating on April 30

ZiG starts circulating on April 30

2 years ago
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, December 12, 2025
  • Login
Zim Sentry
  • Local News
  • Africa
  • International
  • Thought Leader
  • Economy
  • Lifestyle
  • SportsTrending
No Result
View All Result
Zim Sentry
No Result
View All Result
Home Sports

ZIFA forensic audit report exposes massive financial irregularities; US$600,000 not accounted for

November 18, 2022
in Sports
0
ZIFA forensic audit report exposes massive financial irregularities; US$600,000 not accounted for

Sports and Recreation Commission (SRC) chairperson Gerald Mlotshwa

495
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

SPORTS and Recreation Commission (SRC) chairperson Gerald Mlotshwa says Zimbabwe has to cleanse its football of corruption first before thinking of having its suspension lifted by the world football governing body Fifa.

This comes after findings from a forensic audit report into the financial activities of the Zimbabwe Football Association (Zifa) exposed massive financial irregularities by the Felton Kamambo-led board.

The much-awaited forensic audit report into the financial activities of the Zimbabwe Football Association (Zifa) was released to the public on Thursday amidst expectations from local football stakeholders.

The 54-page report which was produced by BDO Zimbabwe Chartered Accountants, who conducted the audit, revealed that over US$600,000 and $73,000,000 could not be accounted for in transactions made by the Kamambo-led ZIfa board.

The SRC has now decided to engage the RBZ, the Zimbabwe Anti-Corruption Commission (ZACC), Zimbabwe Revenue Authority (Zimra) and the police to get to the bottom of the matter.

Mlotshwa said it was important to clean local football of corruption before any efforts to reengage with the global football governing body Fifa.

“Let’s us allow the process to unfold so that when we return back to Fifa we are clean,” Mlotshwa said.

“The intention is to fix football administration in Zimbabwe, and not to just please FIFA. Let’s not be beholden to Fifa, if we do that, the game will never improve.”

In addition to the large sums of money which could not be accounted for, the forensic audit report released on Thursday also exposed some questionable transactions at Zifa.

In one of the dubious dealings, a company owned by Zifa councillor Marshal Jonga was contracted to supply football equipment.

Despite being fully paid for the equipment, some of the goods are yet to be delivered to the association.

The audit also exposed allegations of misappropriation of Fifa grants, including Covid-19 relief aid.

Former Zifa chief executive Joseph Mamutse was also cited for allegedly withdrawing cash amounting to US$30,000 on three occasions even though the transactions were not found in the football association’s accounting records.

No supporting documents were availed to show how the funds were used.

BDO indicated in the report that they could not access critical information on the association’s transactions from two financial institutions that were among Zifa’s key bankers.

The ZIFA board is now expected to table the report at their next meeting before it is taken to Congress for discussion and adoption.

The forensic audit’s findings have laid bare the full reasons behind SRC’s decision to suspend the Zifa board in November last year on allegations of corruption, embezzlement of funds as well as sexual harassment of female match officials.

The move to suspend the Zifa officials resulted in the country’s suspension by Fifa from all forms of international football early this year.  – NewZimbabwe

Tags: BDO Zimbabwe Chartered AccountantsFelton KamamboSports and Recreation Commission (SRC) chairperson Gerald MlotshwaZimbabwe Football Association (Zifa)
Share198Tweet124Share50
tendaik1

tendaik1

  • Trending
  • Comments
  • Latest
Richarlison World Cup goal voted best of the tournament

Richarlison World Cup goal voted best of the tournament

December 24, 2022
By-election victories have primed us for 2023 polls, says ZANU PF

By-election victories have primed us for 2023 polls, says ZANU PF

October 24, 2022
A new ocean is being formed in Africa

A new ocean is being formed in Africa

February 11, 2023
China in Africa: Who is fooling who?

China in Africa: Who is fooling who?

0
Zim/Iran seek improved economic relations

Zim/Iran seek improved economic relations

0
President Masisi to open Harare Agric show

President Masisi to open Harare Agric show

0
China in Africa: Who is fooling who?

China in Africa: Who is fooling who?

October 5, 2024
Sino-Zim: Turning the ironclad pact into dollars

Sino-Zim: Turning the ironclad pact into dollars

October 5, 2024
If our friends in China did it…

If our friends in China did it…

October 5, 2024
Zim Sentry

Copyright © 2022 ZimSentry. All Rights Reserved

Your Trusted Watchman

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Local News
  • Africa
  • International
  • Thought Leader
  • Economy
  • Lifestyle
  • Sports

Copyright © 2022 ZimSentry. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

You cannot copy content of this page