One Million US Dollars GLO Sponsorship Settlement Fee Missing From GFA Accounts

Kwesi Nyantakyi Has Allegedly Resigned From FIFA Executive Council

As Mr. Kwesi Nyantakyi has left office as the GFA president following Anas’ exposé, more issues are popping up and the new reports has it that, an amount of One Million US Dollars is missing from the accounts of the Ghana Football Association.

From what is gathering the Kwesi Nyantakyi Administration cannot account for 1 Million dollars from the Glo sponsorship settlement fee.

SEE ALSO: FIFA bans Kwesi Nyantakyi over Anas exposé

Nigerian telecom company, Glo was the main sponsor of the Ghana Premier league between 2009 and 2013 but the GLO sponsorship was riddled with scandals right from the onset with agency fee payment taking center stage.

The GFA took the company to court seeking payment for $6.5 million but Glo opted for an out of court settlement. GLO made a payment of $1.5m to the Ghana FA in January 2018 meant to be shared among the 16 Premier League clubs who took part in the Ghanaian top-flight league between 2009 and 2013.

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But Kojo Yankah speaking for GFA revealed that they have received only $500,000 out of the $1.5 million as agreed between the parties.

However, Ghana Sports Online checks confirmed GLO presented an invoice worth $1.5m which was sighted by other top officials of the GFA. Other sources have also confirmed Glo paid the full agreed amount, $1.5 Million, to GFA.

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But speaking to Sunyani-based Moonlite FM, the outspoken Football administrator Takyi Arhin, who was CEO of B.A Stars during the sponsorship, has maintained that $1.5m was paid and not $500,000.

He also confirmed that the clubs have not even received their share of the $500,000 that Nyantakyi himself admitted in Executive Committee meeting has been paid. He also added that the GFA has revealed the $500,000 has been used for administrative expenses by the GFA.

“I’ve heard that Yakubu Moro has said that if Kwesi [Nyantakyi] is going then he should refund the $1 million before he leaves,” Takyi Arhin said.

“The money has been used for administrative expenses,” he further stated.

SEE ALSO: Current Photos Of Anas That Prove That Indeed Anas Has Finally Been Exposed

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