BREAKING NEWS-Zifa is Back and NFAZ Disbanded
22 June 2016
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EFFORTS by the Zimbabwe Football Association (Zifa), to be placed under trustee management and avoid settling sky-rocketing debts of more than $6 million, have been dealt a major blow, after the Master of the High Court filed a report urging the court to dismiss the application, arguing the national soccer governing body has no legal capacity to file such a petition.
In a report filed at the High Court in response to Zifa’s request, Additional Master-Insolvency, Reuben Mukavi, said Zifa does not have a legal personality separate from its members allowing it to sue or be sued in its own name before suggesting that all members of the organisation should have also applied for voluntary sequestration.
Mukavi said: “the net effect of these facts on the present application is that Zifa has no legal capacity to bring this petition in its own name, and for that reason the petition is a nullity”.
The application is set to be heard today.
Early this month, Zifa filed an application seeking to be placed under trustee management on the basis that it had failed to pay its creditors and was failing to abide by court orders since it had nothing to offer and was left with assets worth only $30 000.
But, the Master of the High Court accused Zifa of acting fraudulently against its creditors by coining a new outfit — the National Football Association of Zimbabwe (Nafaz) — in a bid to avoid its responsibilities.
“That new outfit is composed of the same members and office bearers as Zifa had. In fact, it would appear that all that was changed was the name of the association, the membership and the objects remained the same,” Mukavi said.
“It then is an escapable conclusion that the said dissolution of Zifa and the simultaneous constitution of Nafaz were simply a method by the members of evading paying creditors. . . the court might also want to know that the Zifa constitution, in Article 77(2) provides that upon Zifa being disbanded, its assets shall be transferred to the Sports and Recreation Commission (SRC), which shall hold those assets in trust until Zifa is re-established.
“It follows, therefore, that Zifa could not dissolve itself without transferring its assets and liabilities to its successor, Nafaz. By dissolving their Zifa, and then purporting to have the estate of Zifa sequestrated, the members are not only breaching article 77(2) of the Zifa constitution by failing to transfer Zifa’s assets and liabilities to Nafaz, but also roping in the court in the breach.”
Zifa (Pvt) Ltd, which claims to be a separate entity from the football association, owns four properties — Zifa House at Number 53 Livingstone Avenue in Harare, Zifa Village in Mt Hampden, a house along McLaughlin Road in Kensington, and another house in Bulawayo.
In its application, Zifa president Philip Chiyangwa said his association’s financial position had crippled the smooth running of the country’s football mother body.
“By and large, the key reasons for the predicament of the applicants are that they are unable to meet their obligations, pay for services they receive(d) and pay their debts on the basis that it has no capacity to do as and has no source(s) of income to meet such obligations,” he said.
“The applicant has been exposed to litigation on numerous occasions and, in the process, has lost money, goodwill, reputation and any assets of value and is now left with a depleted asset register, which virtually has nothing, such that its liabilities, debts and obligations now far outweigh its assets.”
Among the notable creditors is CBZ Bank Limited, which is owed $1 795 000. Other individuals and firms are owed more than $6 million, while Buymore Investments, which is owned by former Zifa president Cuthbert Dube is also owed $438 222.
Other notable creditors include the Zimbabwe Revenue Authority ($504 998, 62), Pandhari Lodges and Conference Centre ($268 436), the Asiagate investigating committee ($650 000), international match agents, Kentaro ($600 000), NSSA ($149 517,14), SRC ($180 386,40) and Led Travel &Tours ($244 527).
Former coaches, who are yet to get their dues include Norman Mapeza ($245 000), Rahman Gumbo ($78 000), Sunday Chidzambwa ($68 000), Charles Mhlauri ($17 270) and Nelson Matongorere ($113 463).-

7 Replies to “BREAKING NEWS-Zifa is Back and NFAZ Disbanded”

  1. Never underestimate idiots in numbers. Anything with Phillemon Machana in it hmmmm ngwarirayi chaizvo. Ngwarirai. kana iye Chiyangwa akapusa kunonzi kupusa chaiko. Machana is the epitome of an educated fool. Just trace his company called Conduit Investments if you want to know what imean. And this is the the calibre of person you want running your finances and so on!! Ah. Hameno
    Imboitai investigate how this Machana individual runs his businesses then you will know where ZIFA OR NFAZ is headed!! To Kuvuki land!!! Zvirikuitika in football reeks of ill advice from the board member heading finance. The exact same nonsense he is doing there kubhora is an understatement of what he has done to his employees at Conduit Investments the name of which he also changed changed all of a sudden leaving workers stranded. Just look for his former workers, they will tell you who you are dealing with. Its very important to check the background and credibility of candidates contesting some of these posts instead of jsut leting them pitch themselves imi musingaiti machecks enyu.
    Chiyangwa is going to be fooled and pranked out of his mind thinking he is dealing with a sensible and professional individual

  2. Never underestimate idiots in numbers. Anything with Phillemon Machana in it hmmmm ngwarirayi chaizvo. Ngwarirai. kana iye Chiyangwa akapusa kunonzi kupusa chaiko. Machana is the epitome of an educated fool. Just trace his company called Conduit Investments if you want to know what imean. And this is the the calibre of person you want running your finances and so on!! Ah. Hameno
    Imboitai investigate how this Machana individual runs his businesses then you will know where ZIFA OR NFAZ is headed!! To Kuvuki land!!! Zvirikuitika in football reeks of ill advice from the board member heading finance. The exact same nonsense he is doing there kubhora is an understatement of what he has done to his employees at Conduit Investments the name of which he also changed changed all of a sudden leaving workers stranded. Just look for his former workers, they will tell you who you are dealing with. Its very important to check the background and credibility of candidates contesting some of these posts instead of jsut leting them pitch themselves imi musingaiti machecks enyu.
    Chiyangwa is going to be fooled and pranked out of his mind thinking he is dealing with a sensible and professional individual

  3. “Zifa is Back and NFAZ Disbanded.” Inozwi Zimbabwe. The Rand is back and the Bond Note is on its way out!
    Mikana yekuboza-boza mari yese iyoyo.

  4. Are we a country of educated people or are our true colors of being devious thieves being exposed? One wonders why its had to take the Master of Court to highlight this impropriety. Are we educated or just criminal

  5. Are we a country of educated people or are our true colors of being devious thieves being exposed? One wonders why its had to take the Master of Court to highlight this impropriety. Are we educated or just criminal

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