Nigerian Football clubs made a whopping N5 billion in the first 10 months of 2016 from proceeds of transfers of local players to oversees clubs.
This revelation was made by the Manager, Transfer Matching System (TMS) of the Nigeria Football Federation (NFF), Nasir Jubril when speaking to journalists at the sidelines of the ongoing Domestic Transfer Matching System (DTMS) workshop yesterday in Abuja.
“In the last 10 months, that is between January and October this year, a cash inflow of about N5 billion has accrued to the clubs in Nigeria from the transfer of players. For instance, if a player is bought for say two or three million pounds, when you multiply that with the exchange rate you can imagine what we are talking about.”
He did not provide further details on which clubs got what, the exchange rate used, and how the money was routed into the country.