CBZ Freezes ZIFA Bulawayo’s Bank Account

CBZ has reportedly frozen ZIFA Bulawayo’s official bank account after the signatories to the account changed following the reinstatement of chairman Francis Nhuta, Sunday News reports.

According to a source that spoke to the publication ZIFA did not notify the bank when signatories changed and CBZ froze the account in order to verify who is in charge of the account:

When the officials went to withdraw cash to process salaries for the administrators, they were told the account was frozen as there was a need to verify how the change of signatories was done. Apparently the bank wanted to find out who should be genuinely in charge of the account. Ntuta wrote a letter to the effect that he was the chairman and attached correspondence from Zifa reinstating him but the bank officials needed a confirmation from Zifa head office

When contacted for comment, Xolisani Gwesela refused to comment on the matter and directed all questions to  Ntuta.

The account freeze will see clubs in Matabeleland waiting a little bit longer to receive funds for Covid-19 relief as the body resolves the issue with CBZ since they cannot make any withdrawals at the moment.

More: Sunday News 

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