Nigerian football clubs raked in a whopping N5billion in the first 10 months of 2016, from selling local players abroad.
This was revealed by Nasir Jubril, who is the manager of Transfer Matching System (TMS) of the Nigeria Football Federation (NFF).
Jubril was speaking to reporters at the ongoing Domestic Transfer Matching Systems (DTMS) worship in Abuja on Wednesday.
“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,” he said.
“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.”
Jubril however, did not provide further details on which clubs earned what amount, the exchange rates used and how the money was routed into the country.