NLO mandates financial reporting compliance for clubs

The Nationwide League One, NLO, has issued a directive requiring each clubs to comply with standardised fiscal reporting.

The directive is aimed astatine improving the commercialized viability of the league.

The NLO issued the directive successful a connection on Sunday.

According to the statement, each clubs indispensable support and taxable audited oregon certified fiscal statements astatine the extremity of each season.

The reports indispensable see details connected gross sources, operational costs and players’ wages.

The NLO said transparency is mandatory for continued information successful the league and aligns with planetary champion practices and the Nigeria Football Federation, NFF, Club Licensing Regulations.

To forestall indebtedness issues, clubs indispensable besides supply impervious of regular payments to players and staff.

All gross from sponsorships, grants and transportation fees indispensable beryllium documented and reported to the league secretariat.

The determination is targeted astatine attracting firm partners and investors to the l...