Mike Idoko Denies Allegations of Financial Misappropriation at Lobi Stars



Former Vice Chairman of Lobi Stars FC, Mike Idoko, has refuted allegations of financial misconduct linked to his tenure at the club. His response follows a forensic audit report by a committee led by San-Chir-Igba Donatus, commissioned by Benue State Governor, Rev. Fr Hyacinth Alia.

The report accused Idoko and two others of failing to account for ₦243,945,081.44 between 2020 and 2021, demanding the refund of the sum.

Addressing the matter in an interview with Sports247, Idoko maintained his innocence, insisting he neither misappropriated nor took any funds belonging to the club. "I didn’t take any money or mismanage funds during my time at Lobi Stars. These are mere allegations, and I intend to clear my name," he stated.

Idoko emphasized his dedication to transparency during his leadership, stating, "One of my first actions was instituting a transparent financial system. Payments for salaries, bonuses, and entitlements were made directly to players and staff via bank transfers, ensuring prompt and accurate disbursements while preventing financial mismanagement."

Despite the allegations, Idoko ruled out legal action, expressing confidence in resolving the issue through internal processes. "I respect the investigative process and believe in the pursuit of transparency and accountability. I remain confident that the truth will emerge and vindicate my contributions to Lobi Stars FC and Nigerian football."

Idoko reaffirmed his commitment to cooperate fully with ongoing investigations while preserving his legacy in the football community. "The truth will prevail," he concluded.

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