Mike Idoko Denies Financial Impropriety Allegations in Lobi Stars Audit

Ex Lobi Star Vice Chairman, Mike Idoko Denies Allegations of Financial Misconduct in Lobi Stars Audit Report.

Former Vice Chairman of Lobi Stars Football Club, Mike Idoko, has categorically denied any allegations of financial impropriety during his tenure with the club. The accusations surfaced following a forensic audit commissioned by the Governor of Benue State, Rev. Fr. Hyacinth Alia, and conducted by the Forensic Audit Investigation Committee led by San-Chir-Igba Donatus.

The audit report claims that the former vice chairman, Mr. Mike Idoko, alongside two others, failed to account for ₦243,955,081.44 during the period between 2020 and 2021. In light of this, the report calls for the recovery of the funds allegedly unaccounted for.

However, in a statement sent to Soccer Baba, Idoko vehemently denied any wrongdoing, asserting his integrity and dedication to ensuring the club’s success during his tenure.

Idoko: “I Didn’t Take Lobi Stars’ Money”

Addressing the accusations, Mike Idoko described them as distressing and untrue. He emphasized his commitment to transparency and accountability throughout his leadership at Lobi Stars, stating:

“Let me say this clearly: I didn’t take any money or misappropriate funds during my stay at Lobi Stars. These are baseless allegations, and I am determined to clear my name.”

Idoko elaborated on the measures he implemented to ensure financial transparency:

“One of my first initiatives was to introduce a system where all payments—salaries, bonuses, and entitlements—were made directly to players and staff through their bank accounts. This ensured prompt and accurate payments while closing any potential loopholes for mismanagement.”

According to Idoko, his tenure was defined by rigorous financial oversight aimed at ensuring that resources were used judiciously for the club’s growth and welfare.

Rejecting Legal Redress for Resolution

Despite the gravity of the allegations, Mike Idoko ruled out the possibility of seeking redress through legal channels. Instead, he expressed confidence in the ongoing investigative process, pledging full cooperation to ensure the truth emerges.

“I respect the intent of the investigation to promote transparency and accountability. I am committed to working within the system to clear my name and protect the legacy of Lobi Stars—a club I nurtured like my own child,” he stated.

Idoko reiterated his belief that his contributions to Nigerian football and Lobi Stars will ultimately vindicate him.

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Commitment to Lobi Stars’ Legacy

During his leadership at Lobi Stars, Idoko was instrumental in driving initiatives that bolstered the club’s administrative and financial integrity. He introduced direct payment systems, streamlined club operations, and fostered a culture of accountability.

“My unwavering commitment to Lobi Stars is evident in the reforms I implemented and the sacrifices I made for the club’s growth. These claims tarnish my image and undermine my efforts, but I remain confident the truth will prevail,” Idoko remarked.

His focus on nurturing young talent and enhancing the club’s reputation has left a lasting impact on Nigerian football.

Governor’s Intent for Transparency

The forensic audit was initiated by the current Benue State Governor to assess the financial dealings of Lobi Stars under previous administrations. The audit committee was tasked with uncovering any irregularities to ensure that funds were appropriately utilized for the club’s operations and development.

While Idoko respects the governor’s intent, he maintains that the findings misrepresent his tenure and dedication.

Conclusion

Mike Idoko’s tenure at Lobi Stars was characterized by significant strides toward professionalism and financial discipline. While the forensic audit report casts doubt on his stewardship, Idoko’s track record and reforms highlight a legacy of integrity and accountability.

“I reaffirm my willingness to cooperate fully with the investigative process. My focus is on clearing my name and ensuring that my contributions to Lobi Stars and Nigerian football are not overshadowed by these allegations,” he concluded.

As the investigation unfolds, the Nigerian football community will closely watch how this matter develops and whether Idoko’s legacy can withstand the allegations leveled against him.