Nigeria Basketball Federation in illegal fundraising, stakeholders shocked

*It is a process meant to defraud the system

*Where is the $12million sponsorship deal?

Stakeholders have expressed dismay at the illegal fundraising ceremony by the dissolved Nigeria Basketball Federation (NBBF) which they described as an attempt to defraud the system.

Speaking on the recent N500million launching by the NBBF which was held in Lagos on the 19th of May. They wondered the reason for the desperation behind such move despite the recent dissolution of all National Sports federations’ boards.

A presidential aspirant for the NBBF board, Musa Kida, was stunned that despite the compliance of other federations to the Federal Government directive, the NBBF chose to unnecessarily test their might against the government.

The South-South representative on the NBBF board said despite the organisers realising a meagre N2.8million after the event targeted to raise N500million, “the argument should not be about how much was realised at the event, this particular case bothers on the legality of such event. If we want to come before equity, we must come with a clean hand.”

Meanwhile, the Proprietor of Lagos Warriors Basketball club, Colonel Samuel Ahmedu (rtd) described the event as a bad move by the former board of the NBBF who lacked the credibility to hold brief on behalf of the federation.

Ahmedu who doubles as the President of FIBA Africa zone 3 questioned the intention behind the suspicious move to urgently raise money months after the federation announced a $12million sponsorship deal with an international organisation.

“The N500million NBBF Fund Raiser was abysmal because it was rushed with other extraneous considerations by the dissolved board members of the Federation. Though the management of Inspire Management gave its best, it was doomed to fail because the members lacked credibility, having outlived their tenure and usefulness.

On his part, chairman of the Lagos state Basketball Association, Babs Ogunade described the event as totally ill-advised with a criminal intention.

According to the South West zonal representative on the recently dissolved NBBF board, “the NBBF board is defunct, so on whose behalf or with whose authority was the money being raised?  Into whose account would the monies raised be paid? These are the questions investigative journalists should be asking.”

 

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