Federal Ministry of Youth and Sports Development Denies Allegations

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• Stating that Its Officials did not Share Basketballers’ Monies

The Federal Ministry of Youth and Sports Development has denied allegations in a section of the media that its officials shared some monies donated to the men and women basketball teams ahead of the Tokyo 2020 Olympics.

The Ministry clarifies that all monies donated to the basketball teams are intact in the Nigeria Basketball Federation’s(NBBF) official account domiciled with the Central Bank of Nigeria(CBN).

The Ministry further states that all pre Olympic Games training camp allowances and Olympic Games allowances have been paid up to date and the Adopt- A- Sports donations totally Two Hundred and Thirty Thousand Dollars($230,000) are intact in the NBBF’s account.

The Ministry states that outstanding payments due the teams will be made once the players supply the information required for the transfers to be affected by the Central Bank of Nigeria.