REVEALED | Globacom Owes NFF N1.2Bn

by on August 10, 2017

It has been revealed that Nigeria’s communication giant, Globacom is owing the Nigeria Football Federation ((NFF) an accumulated debt of N1.2 billion before the federation refused to renew its contract which ended last year.

Sources say that the communication outfit has also rebuffed all efforts to make it pay up the debt, which is said to have added to the financial challenges of the NFF.

The Senate committee chairman for sports, Senator Obinna, explained yesterday that Globacom has refused to pay up the bill and alleviate the financial struggling of the NFF, despite all interventions; noting that the development has not only affected the financial strength of the federation, but had affected the preparation of the national teams.

Senator Ogba, who pleaded with Globacom and other stakeholders who are indebted to the NFF to come to their rescue by paying up their debts, noted that the NFF has a lot to do with money, as the federal government grant would not be enough to prosecute the matches that are lined up for both the 2018 FIFA World Cup and the 2019 AFCON.

“The NFF has so many challenges, as their debtors have refused to pay up. I have called the owner of Globacom to urge him to pay up his debts to the NFF, but he has refused to pick his calls. I do not want to talk bad about a stakeholder, who has done much in the development of sports in the country, but it is very good for a man to be bold and take up his responsibilities

“The NFF with all these debts cannot meet up with so many of their challenges. They have a new office to move into, but due to financial challenges, they cannot achieve all these and Globacom has not paid them the big money they owe since after the end of their contract with the federation.

“It is obvious that they cannot depend solely on government grants because it would not be enough to organize even one match in any of qualifiers they have at hand. So all stakeholders must join hands by contributing their own quota for the country’s flag to be hoisted at these championships. It is not for any individual, but for the country,” Ogba noted.

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