Chiyangwa is panicking - Vanganayi

HARARE - Zifa president Philip Chiyangwa is desperate and trying to find a scapegoat for failing to deliver on his election promises, according to one of the ex-employees implicated in the latest financial scandal to rock local football.

The association is currently embroiled in a nasty showdown with former chief executive officer Jonathan Mashingaidze due to the source of the $7 million debt on the Zifa books.

Zifa claims Mashingaidze siphoned over $700 000 from the association and significantly inflated the amount owed to creditors in a sophisticated fraud scheme.

Earlier this week, the association also included former finance manager Benjamin Dehwa and accountant Fabion Vanganayi as two of Mashingaidze’s co-conspirators in the scandal.

Zifa chief executive Joseph Mamutse has already made two written reports to the police but there have not been any arrests so far.

However, in a statement Vanganayi accused the Chiyangwa-led Zifa executive of lying to the nation regarding the Zifa debt after realising they will not meet the whirlwind of commitments they made before coming into office after the ouster of former president Cuthbert Dube.

“The problem with the current Zifa executive committee is that before it came into power on  December 5, 2015, it promised; to extinguish the Zifa debt within six months of getting into office; carry out a forensic audit. It has failed to do both and is now in a panic mode since its term of office expires on midnight of March 31, 2018.

“The Zifa executive refused to carry out a hand over-take over with the...Dube executive where it could have been fully apprised with regards the Zifa debt and many other issues.

“It is a shame or a pity that...Mamutse is being used and falsely reporting to the police that funds were misused yet he knows the truth about the audit reports. Mamutse also knows the truth about the creditors which he used to work hand in hand with as the former Zifa chief operations officer.”

Vanganayi said there is no need for Chiyangwa and his executive to start questioning the source of the Zifa debt at this stage since it was already ratified by Fifa, the Sports and Recreation Commission (SRC) and the Zifa councillors.

“Between September and October 2014, a Fifa delegation made up of Ashford Mamelodi and Zelkifli Ngoufonja visited Zimbabwe to get to the bottom of the Zifa debt,” he said.

“Having fully satisfied itself with the debt, the Fifa delegation went onto meet some of the major creditors who included CBZ Bank, Led Travel and Tours, Pandhari lodge, Asiagate Committee, Kentaro Lawyers and Buymore Investments.

“A number of promises, agreements and commitments were established between Fifa, Zifa and some of the creditors. This culminated in the payment by Fifa to CBZ Bank a total amount of $400 000 and $110 000 to Pandhari Lodge early 2015.

“In summary, Fifa was satisfied of the origins and purposes of the Zifa debt. Essentially that the debt was incurred to service Zimbabwe national soccer teams in the absence of sponsorship to Zifa.”

On the missing $744 653 unearthed by the audit report of 2011 by Baker Tilly Gwatidzo Chartered Accountants, Vanganayi accused the Chiyangwa executive of failing to understand basic accounting terms.

“The 2011 audit report never talked about fraud but poor accounting and the audit report was ratified by the Zifa council and sent to Fifa and the SRC,” he said.

“The Zifa council that ratified the 2011 audit report is the same Zifa council in existence today and it could never have ratified the 2011 audit report where fraud was reported.

“The Zifa council is made up of men and women of honour and integrity. The Zifa council has professional accountants in its midst and to prove its integrity on December 16, 2017 it refused to ratify the 2016 audited accounts before they had studied them.”

Vanganayi queried the involvement of Mamutse and another Zifa employee Merilyn Chifamba in coming up with the 2016 audit report when they were also responsible for the questionable 2011 accounts.

“...Mashingaidze did not work in the finance department and consequently was not responsible for the missing source documents,” he said.

“The question is where did...Chifamba and Mamutse get the information from which they used to prepare the 2011 audited accounts if they had no source documents.

“Another worrying development is the failure by people at Zifa to distinguish between accounts payables and accounts receivables as explained in the press statement of August 6, 2014.

“Failure by the present Zifa executive committee, Chifamba and Mamutse to interpret simple accounting terminology cries for help as Zifa is in serious trouble.”

Post a comment

Readers are kindly requested to refrain from using abusive, vulgar, racist, tribalistic, sexist, discriminatory and hurtful language when posting their comments on the Daily News website.
Those who transgress this civilised etiquette will be barred from contributing to our online discussions.
- Editor

Your email address will not be shared.