One Million US Dollars GLO Sponsorship Settlement Fee Missing From GFA Accounts

More and more revelations are coming out after ANAS’s exposé about the corruption at the GFA, one that has shocked the majority of football lovers across Ghana and the rest of Africa. New reports suggest that some $1 million is missing from the GFA accounts.

Reports say the Nyantakyi Administration is unable to account for some $1 million from the Glo Sponsorship settlement fee. It would be recalled that GLO was the main sponsor for the league between 2009-2013 but the GLO sponsorship was riddled with scandals right from the onset with agency fee payment taking center stage.

The GFA took the company to court seeking payment for $6.5 million but Glo opted for an out of court settlement. GLO made a payment of $1.5m to the Ghana FA in January 2018 meant to be shared among the 16 Premier League clubs who took part in the Ghanaian top-flight league between 2009 and 2013.

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But Kojo Yankah speaking for GFA revealed that they have received only $500,000 out of the $1.5 million as agreed between the parties.

However, GhanaSportsOnline checks confirmed GLO presented an invoice worth $1.5m which was sighted by other top officials of the GFA. Other sources have also confirmed Glo paid the full agreed amount, $1.5 Million, to GFA.

But speaking to Sunyani-based Moonlite FM, the outspoken Football administrator Takyi Arhin, who was CEO of B.A Stars during the sponsorship, has maintained that $1.5m was paid and not $500,000.

He also confirmed that the clubs have not even received their share of the $500,000 that Nyantakyi himself admitted in Executive Committee meeting has been paid. He also added that the GFA has revealed the $500,000 has been used for administrative expenses by the GFA.

“I’ve heard that Yakubu Moro has said that if Kwesi [Nyantakyi] is going then he should refund the $1 million before he leaves,” Takyi Arhin said.

“The money has been used for administrative expenses,” he further stated.

Portions of text culled from ghpage.com

 

Written By Ghbase Staff

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