The Confederation of African Football's audit and compliance committee reported over $16 million in unrecognized expenses, suggesting significant discrepancies in their financial statements.
Caf's estimated deficit could soar to $25.43 million after revealing $9.25 million in earlier losses, contradicting claims of reduced debt by General Secretary Veron Mosengo-Omba.
The highlighted technical costs of almost $12 million not allocated to involved parties indicate a severe lack of transparency and proper financial management within Caf.
An ongoing investigation into Caf's leadership raises serious concerns about internal governance breaches, further complicating the organization’s financial and operational integrity.
#caf-financial-audit #governance-issues #financial-discrepancies #african-football #veron-mosengo-omba
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