Thursday, 7 May 2020

Pinnick: FIFA’s $500m Donation Not Covid-19 Palliative

President of the Nigeria Football Federation, Amaju Pinnick says the $500 million donated by the Federation of International Football Association, FIFA, to member associations is not a palliative for COVID-19.
FIFA last month doled out $150m to member association and said the money is for immediate financial assistance to mitigate the financial impact of COVID-19 on football member associations.”

FIFA’s 211 member associations would receive $500,000 as well as any remaining entitlements for 2019 and 2020.

Pinnick insists the money is the yearly statutory allocation given to member federations by FIFA for the smooth running of football and maintained that the money is for sports development in the country.

“As part of our efforts to remain transparent with financial dealings and because I have seen a few enquiries about FIFA’s release of funds to member associations, I feel it’s my duty to update on how things stand,”reads a Tweet on Pinnick’s Twitter handle.