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Fufa accounts unfrozen as money laundering investigations continue

The Ugandan by The Ugandan
December 21, 2016
in News, Sports, Uganda Premier League
1 min read
Fufa accounts unfrozen as money laundering investigations continue

FUFA boss Moses Magogo promised players US$10,000 each for qualification

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The Uganda Financial Intelligence Authority (Ufia) has today unfrozen accounts belonging to the Football body.

“We have unfrozen the accounts today because we have considered the fact that Uganda will participate at the 2017 Africa Cup of Nations in Gabon,” Sydney Asubo, the Ufia executive director says.

The Federation of Uganda Football Associations (Fufa) has been having operational challenges since the Ufia froze some of their accounts over four weeks ago.

“We had an internal meeting on Tuesday and decided to unfreeze the accounts as investigations continue. We informed the responsible banks on Wednesday, but we shall plan the next course of action after the Africa Cup of Nations,” he added.

In October last year, the FIA froze the FUFA accounts over suspicions of money laundering.

Moses Magogo, FUFA president, said the latest action by FIA was crippling preparations to make the national team ready for next month’s AFCON.

Uganda is the only country in the Council for East and Central African Football Associations region that qualified for the AFCON scheduled to take place in Gabon.

Asubo said in their investigations, they are mindful of the country’s need to prepare AFCON.

Charles Bakkabulindi, State Minister for Sports said although he is aware of the freezing of the accounts.

The Ugandan

The Ugandan

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