Following a forensic audit ordered by the Benue State government, former officials of Lobi Stars FC, including Mike Idoko and two ex-vice chairmen, have been directed to refund ₦2,445,012,596.92 to the club.
The investigation covered the period from January 2020 to September 2024 and revealed a discrepancy between ₦3.76 billion in accrued income and ₦1.31 billion accounted for. The audit committee, led by San-Chir-Igba Donatus, submitted its findings on November 24, 2024.
Refund Breakdown:
- Mike Idoko and associates: ₦243.96 million for 2020-2021
- Emmanuel Taman and team: ₦434.32 million for 2021-2022
- Dominic Iorfa and group: ₦692.45 million for 2022-2023, ₦702.88 million for 2023-2024, and ₦371.41 million for 2024-2025
The committee emphasized transparency, granting fair hearings to all involved parties.
Key Recommendations:
1. Register Lobi Stars as an independent revenue-generating company.
2. Ensure sponsor funds are deposited directly into the club’s account.
3. Remove the Ministry of Sports from direct club management.
The findings aim to restore financial accountability and improve the club's operational efficiency.
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