Nigerian clubs share N240m loot recovered by EFCC

Nigerian clubs share N240m loot recovered by EFCC

UBA personal banking

Top Nigerian clubs including Nembe City have been paid their share of N240 million recovered by anti-graft agency, Economic and Financial Crimes Commission (EFCC) from a television broadcast agent.

The cash was paid into the Club Owners Association account.

EFCC are set to recover another N100m from the TV broadcast agent as well as a former sponsor of the league.

The clubs to benefit from this largesse will be those who featured in the now defunct Nigeria Premier League (NPL). It was also understood that some principal executives during the NPL era were also paid off from this recovered money.

Television rights sales during the NPL era were shrouded in controversies amid allegations of brazen fraud.

It was alleged that the league got less than 10% of the broadcast cash over a period of six years.

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