THE Sports and Recreation Commission (SRC) has called on the football fraternity to exercise calm and restraint in the aftermath of a Zifa forensic report that shows gross financial mismanagement.
A draft Zifa Audit Report done by BDO Zimbabwe Chartered Accountants, and leaked on social media, has identified financial leakages amounting to almost US$2 million and $112 million.
The partial audit covers the period between December 1, 2018 and November 21, 2021.
THE SRC released a statement calling on stakeholders and the public alike to exercise reasonable caution until the report is presented to the Zifa Congress for a 29 October extra-ordinary general meeting.
“There are certainly very significant sums of money received by Zifa that cannot be accounted for during the review period of 1st December, 2018 to 30th November 2021.
“The auditors have not signed off the draft forensic audit report. They will do so shortly.
“The Zifa Audit Report, once formally and procedurally presented to the restructuring committee that commissioned it, is ultimately intended for the benefit of the members of Zifa to consider during their general meeting slated for the end of October, 2022.
“Accordingly, we advise stakeholders and the public alike to exercise reasonable caution in drawing any conclusions at this point,” reads the SRC statement.
The unaccounted for US$2 million and $112 million are the major highlights of the investigations that noted irregularities as Zifa made payments without proof of receipt for goods, failed to account for cash withdrawals and incurred expenditure without supporting documents.
The report also noted that the Zifa executive committee led by Felton Kamambo received US$100 000 in unexplained payouts.
Kamambo got US$20 000, the board member finance who assumed the vice-president’s role Phillemon Machana walked away with US$18 000 while the other four board members Farai Jere, Sugar Chagonda, Chikosi and Bryton Malandule each got US$15 500.
However, no information was given to forensic investigators to show how and for what purpose the board members were paid.