THE Zifa headquarters in Harare is set to go under the hammer on Friday as creditors line up to recover their money after the football association failed to service its long standing debt.
However, ZIFA (Pvt) Ltd, a unit of the association has said it would file an urgent chamber application at the High Court this week to stop the auctioning of the headquarters at 53 Livingstone House in Harare this Friday arguing their company was a separate entity from the association.
Abdullah Kassim of Gollop and Blank Legal Practitioners – one of the directors of Zifa (Pvt) Ltd, confirmed they would be challenging the sale of the properties under their control. Former Zifa treasurer Frank Valdermarca is one of the directors.
“We are going to file an urgent chamber application at the High Court to stop the auctioning of the properties. Zifa (Pvt) Ltd is a separate entity from the football association and will challenge any attempt to have the properties auctioned,” said Kassim
Kassim maintains that Zifa (Pvt) Ltd is a separate entity from the football association and owned four properties including the Zifa headquarters in Harare.
The properties whose title deeds are held in trust by Gollop and Blank Legal Practitioners include Zifa House at Number 53 Livingstone Avenue in Harare, the Zifa Village in Mt Hampden, a house along McLoughlin Road in Kensington, and another house in Bulawayo.
Zifa is failing to offset its long standing debt and former Zifa board member Bernard Gwarada is one of the creditors who had secured a writ to attach the association’s properties in a bid to recover $90,000 that is owed to his company LED Car and Travel.
The debt which LED Car and Travel’s lawyers say has ballooned to around $340,000 including interests and other costs is from an agreement with Zifa for the company to borrow funds from two banks on behalf of the association.
The money was to fund the Warriors’ 2014 World Cup qualifying campaign with the Zifa Trust underwriting the transaction and the former chairman of the Board of Trustees, Tshinga Dube, providing the security.
LED tried to get Zifa to settle the debt without success and Gwarada, who owns LED Travel and Tours, now wants Zifa property auctioned to recover the money.
Zifa is currently working without a board after the Cuthbert Dube led team was booted out of office by disgruntled councillors for incompetence.Advertisement
Dube has already lost his house in Waterfalls over a debt with CBZ which Zifa failed to service after the association boss had offered the property as collateral.