Basketballers’ Monies, Donations intact in CBN Account Of The NBBF – Sports Ministry

Basketballers’ Monies, Donations intact in CBN Account Of The NBBF – Sports Ministry

Joel Ajayi

The Federal Ministry of Youth and Sports Development has denied allegations made in a press statement used in a section of the media  and in a video clip that its officials shared some monies donated to the Men and Women Basketball Teams ahead of the Tokyo 2020 Olympics.


In a statement issued on Wednesday by the Ministry of Youth and Sports Development, Permanent Secretary Ismaila Abubakar said  Basketballers’ Monies, Donations intact in CBN account of the NBBF.

According to the release, the Ministry wishes to make the following clarifications : The $230,000 Dollars donated to the Basketball teams  by the Banks under the Adopt-a-Team programme of the Ministry is intact in the Nigeria Basketball Federation’s (NBBF) official domiciliary account domiciled with the Central Bank of Nigeria (CBN).

“That only 12 female Team members of D’Tigress have supplied their foreign account numbers. The Ministry waited for the account numbers of the Male Team to be supplied so that the processing of payments can be one off as requested by the CBN.  

“The Ministry has requested the CBN to commence the processing of the payment to the Female Basketball Players immediately. The Male will be paid as soon as their account details are supplied.  

“Ministry wishes to state further that all outstanding -Olympics and Paralympics Games allowances  and bonuses are being processed and only slowed down by funds availability. 

“Furthermore, the Ministry of Finance has been fully furnished with details of the outstanding allowances and payments due to the NBBF and the Nigeria Football Federation(NFF) and efforts are being made to secure the release.”

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