Zifa in $700k scam

At least US$700 000 disbursed by the world’s soccer governing body Fifa disappeared from a Zifa account and found its way into private bank accounts of some of the association’s executive members, court documents have revealed.

Zifa board member responsible for finance Philemon Machana received US$740 000 from the association’s Ecobank nostro account through a company called Conduit Holdings where he was a director at the time the sheriff of the High Court had attached the association’s bank accounts.

Zifa accounts had been garnished over the association’s debt to Daisy Lodge amounting to US$196 000.

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