World football’s governing body FIFA on Friday announced a record $369 million loss for 2016 as it paid for the fallout from multiple scandals and bad investments.
FIFA blamed accounting changes as well as the cost of investigating the scandals for the loss but also warned that it expected a higher loss of $489 million for 2017 and admitted that it has had to spend hundreds of millions of dollars from its reserves in the past year.
9News Nigeria
THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN
WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi
The economic crisis and hardship in Nigeria are parts of the discussion.
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