Football LOCAL LOCAL NEWS SOCIETY GIST SPORTS GIST MINISTRY OF YOUTH AND SPORTS DENIES EMBEZZLING D’TIGER’S AND D’TIGRESS’ FUNDS By Admin Posted on October 14, 2021 3 min read 0 0 Share on Facebook Share on Twitter Share on Google+ Share on Pinterest Share on Linkedin Farouq Oduola A. The Federal Ministry of Youth and Sports Development has rejected claims that its officials split money donated to the Men and Women Basketball Teams ahead of the Tokyo 2020 Olympics in a press release that was widely circulated in the media and in a video clip. Bank Foundations throughout the world donated to poor Basketball countries in which Nigeria was regarded as one, before the Tokyo Olympics in June as part of the adopt-a-team initiative. The initiative intended to improve basketball’s quality while also making it more accessible to people all around the world. A statement went viral a few months ago saying that members of the ministry of youth and sports embezzled $230,000 meant for the male and female basket ball teams instead of utilising it to promote the sport in Nigeria. The Ministry of Youth and Sports issued a press release refuting the accusations. “The $230,000 contributed to basketball teams by banks under the Ministry’s Adopt-A-Team initiative is secure in the Nigeria Basketball Federation’s (NBBF) official domiciliary account at the Central Bank of Nigeria (CBN).” They stated that the majority of D’tiger and D’tigress members had not provided their foreign account information, which is necessary for payment from the Central Bank of Nigeria. The Ministry has also requested that the CBN begin processing payments to female basketball players immediately, while male basketball players would be paid as soon as their account information are provided. The ministry “wishes to clarify further that all pending -Olympics and Paralympics Games allowances and bonuses are being handled and are only being dragged down by funds availability,” according to other plans mentioned in the process.