NFF Errs over CHAN Prize Money Due Eagles, CAF Figures Show $700k not $400k

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The NFF are insisting the Super Eagles will get $400,000 and not $750,000 as prize money for finishing as runner up in the just concluded African Nations Championship in Morocco.

However, contrary to the Nigeria FA’s release, a CAF document highlighting the review in prize money for its competitions shows that Morocco and Nigeria should get increased percentages in their prize monies compared to previous finalists.

The Continent’s governing body in a release on 9 November, 2016 stated that:

Following a decision by the CAF Executive Committee at its meeting held on 27 September 2016 in Cairo, Egypt, herewith the update of the Revenue’s Grid detailing the allocation of revenues for national teams and clubs taking part in CAF competitions for the four-year cycle, 2017-2010.

CAF
According to CAF, this is the update of the Revenue’s Grid detailing the allocation of revenues for national teams and clubs taking part in CAF competitions for the four-year cycle, 2017-2010 | Credit: CAF

For finishing as winner Morocco got a 66.67% increase amounting to the tune $1,250,000, while Nigeria; as runner up, will get $700,000 – a 75% increase from the previous cycle which was $400,000.

As a result, albeit the FA may be correct and the team aren’t entitled to $750,000 the difference is only $50,000 and not $300,000 as Federation’s release suggests.

In a circulated mail signed by the NFF Head of Communication, Ademola Olajire the FA insists that:

The Confederation of African Football (CAF) has officially released the cash entitlements of all teams that participated at the 5th African Nations Championship in Morocco, with second –placed Nigeria to earn the sum of $400,000 and not $750,000 as widely touted.

Official figures have now shown that hosts and champions Morocco will pocket the sum of $750,000, with silver medallists Nigeria to earn $400,000 and semi finalists Sudan (eventual bronze medallists) and Libya to pocket the sum of $250,000 each.

The release even quoted the NFF President, Amaju Pinnick.

CAF has spread the monies in such a way that each of the 16 participating teams at the finals would benefit. No team has received its share yet, but once the finance and audit people conclude their work in a number of weeks, the teams would be paid,” NFF President Amaju Pinnick, a Member of both the CAF Executive Committee and the CAF Emergency Committee, told thenff.com on Wednesday.

The post NFF Errs over CHAN Prize Money Due Eagles, CAF Figures Show $700k not $400k appeared first on Latest Sports news and Sports talks in Nigeria.

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