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Analysis Update

NFF Claim They Are Broke After MTN, Nike, CAF Fail To Pay Up

The General Secretary of the NFF Mohammed Sanusi has told the country’s law makers the federation is in the red because they have yet to be paid more than half of their projected income from sponsorship and grants.

Sanusi jolted the National Assembly members during the budget defence of the NFF by claiming the much-advertised new telecommunications partners of the Super Eagles MTN, the Eagles kit sponsors Nike as well as the Confederation of African Football (CAF) are all yet to pay the football federation.

The NFF are due to receive 450 Million Naira from MTN, 330 Million Naira from Nike and 103 Million Naira from CAF.

Some other sponsors have only paid part of their commitment to the NFF, Sanusi claimed.

CAC Motors have paid 25 Million Naira from a deal of 102 Million Naira, Revolution Plus Properties brought in 30 Million Naira of a 60 Million Naira package, Air Peace has redeemed 100 Million Naira when it is due to pay 150 Million, while headline sponsors of the Super Eagles Aiteo is far behind on a 1.4 Billion Naira agreement as it has only paid up 432 Million Naira.

Other sponsors still indebted to the NFF are Peak Milk, Baba Ijebu, Cadbury and Simba.

Thus far, NFF have received full payment from Dettol (50 Million Naira), Nigerian Breweries (450 Million Naira), Brila FM (1 Million Naira), Coca-Cola (280 Million Naira) and FIFA (206 Million Naira).

The NFF had projected to raise about 4 Billion Naira from sources outside of the Government for the outgoing year.

Sanusi claimed they have so have received about 1.9 Billion Naira from such sources, while 2.1 Billion Naira is outstanding.


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