FIFA is like a bank for all its 209 associations
General Secretary of the Nigeria Football Federation (NFF), Musa Amadu, has confirmed that the country is yet to receive their 2014 World Cup prize money.
Some reports had claimed that FIFA 15 Coins will pay the sum of about $9million to the NFF this week, but Amadu has rubbished such stories.
“Our money is still with FIFA and it’s safe,” Amadu said.
“Listen, FIFA is like a bank for all its 209 associations. Every country has its own account and our money is in our account.”
The NFF will refund $3.8million, which was given to the federation as advance to the government. But it is understood that FIFA are not in a hurry to release the funds, as the crisis rocking the Glass House continues to rumble on.see more at:http://www.runmmo.com
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The delay in Nigeria receiving its 2014 World Cup prize money from FIFA underscores the bureaucratic nature of international sports organizations. While FIFA serves as a bank for its member associations, the release of funds can be affected by various factors, including internal issues within those associations. Such delays can impact the how to get diamond certified by gia development of sports in member countries.
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FIFA's role is primarily to govern the sport, organize tournaments, establish rules and regulations, and promote football on a global scale, buy wedding ring set rather than functioning as a financial institution or a bank for its member associations. It is responsible for organizing and overseeing international football competitions.