Former presidential candidate Peter Obi has said FIFA’s recent revelation about the mismanagement of funds released to Nigeria’s Football Federation for stadium development and youth talent growth is both sickening and shameful.

In a statement, he said it perfectly mirrors the broader decay in how Nigeria's scarce national resources are handled.

This was as he expressed certainty that further investigations would reveal even worse realities than what is currently known.

Obi said, "I recall vividly that during my time as Governor of Anambra State, I received officials from the Sports Federation who visited and informed us that Awka had been selected as one of six geographical locations for the construction of a FIFA-standard stadium to be fully funded by FIFA. We immediately allocated land for that purpose, and they assured us that the project would be executed through the Federal Ministry of Sports. That was the last we heard of it.

"Believing that such a major project was underway, we channelled our resources toward constructing mini-stadiums across the state to encourage grassroots sports. We commissioned the Chuba Ikpeazu Memorial Stadium in Onitsha, as well as the Godwin Achebe Stadium in Onitsha South, among others. Years later, nothing came of the promised FIFA project, which prompted us to initiate the construction of the Awka Stadium ourselves. Seeing the recent news about funds released by FIFA to Nigeria to develop talent and improve youth sports, I am deeply disappointed by such blatant squandering of opportunities.

"I have always maintained that those who accuse us of “demarketing” Nigeria for speaking the truth and exposing corruption are the very ones who thrive on corruption and deceit. The real demarketers of Nigeria are the incompetent leaders who have forged their way to wealth through the mismanagement and theft of public funds - resources that should have been used to provide schools, healthcare, and employment for our youths and to nurture their talents.

"Since 2013, about $25 million has reportedly been received by the NFF from FIFA and CAF - funds meant for the development of football and youth sports in our country. Yet, there is little or nothing to show for it. The so-called $1.2 million stadium in Kebbi State is a national embarrassment. The structure in no way reflects the funds claimed to have been spent on it.

"We cannot continue to watch our sports decline while corruption flourishes. Our youths are our most prized assets, yet we have destroyed their future and then turned around to label them 'Yahoo boys,' when, in truth, the leaders who have robbed them of their future are the real 'Yahoo' of our nation.

"This is yet another shameful reflection of the corruption we have allowed to take root in Nigeria. If we truly desire to rebuild our country, we must begin with integrity and accountability in every aspect and sector. Until then, our nation will continue to crawl where it should be soaring."

ASA