We're too broke to pay creditors: Chiyangwa

HARARE - National Footballl Association (Nafaz) president Phillip Chiyangwa yesterday said they will not pay any creditors because they do not have money.

Appearing before Parliamentary Portfolio Committee on Sports, Chiyangwa insisted that everything that they are doing is above board.

“When I was elected to become Zifa president in December 2015, together with many others who are here we were charged with promoting and advancing sport of football. It was very clear that there were challenges as there was no planning, programming and developing concept,” Chiyangwa said.

“The biggest challenge was that as you are aware there was no financial support from the government neither from the corporate sector.

“It then became apparent that I needed to figure out that how best I can do to promote our very most successful teams Warriors, Mighty Warriors and Under-20.

“In January . . . we decided to establish the true state of finance that prevailed at Zifa. In that case, we looked at the previous financial statements and it became very clear that Zifa used to purport that it owns asserts including the 53 Livingston House, whose ownership is not associated with Zifa legally.

“When we established that, we called for a congress which then agreed that we cannot continue operating because we could not pay our workers or our creditors so resultantly the decision was reached that we dissolve Zifa and form Nafaz.

On the other hand, creditors have accused the Zimbabwe Football Association (Zifa), which has since changed its name to Nafaz, of short-changing them, after the soccer governing body failed to honour its promises.

The creditors are owed substantial amounts of money spilling into millions of dollars.

One of the creditors Daisy Rusere, appearing before the same parliamentary committee, said the soccer governing must provide a clear road-map on how they intend to settle the debts rather than shunning them.

This also comes after the Master of High Court opposed the application for insolvency by Nafaz, citing irregularities.

Some of Zifa’s major creditors include CBZ Bank, Pandhari Lodge, Led Travel and Tours, Buymore Investments, among others.

“As creditors, we were shortchanged. We have been supporting Zifa for years as service providers in good and bad (times).

“With the previous board there were disagreements here and there but we would unite for the love of football,” Rusere said.

She said the soccer governing body was insincere in the manner it handled the whole issue.

“Then the new board came and promised to clear all our debts. We were sweet-talked into continue providing our services in the event that the money will be paid on a later date.

“We were even assured that . . . we will be given something but nothing came out. That’s when we learnt that Zifa has been dissolved and we now have Nafaz,” she said.

Comments (4)

i ddnt believe that chiyangwa build properties using debts,which he then never pay using his political muscles.he is now introducing his style to ZIFA.MR PHILLIP pliz stop that .you want others to work for nothing while few individuals get the benefits.

mik - 26 June 2016

zimbabwe is a dead country unless someone steps down

talent - 5 July 2016

i love zim but i dnt like the leaders we dont want to be like somalia here let Mugabe GOOOOOOOOOOOOO

Someone who love Zim - 5 July 2016

haa chiyangwa is a mad man

lebron james - 5 July 2016

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