Nigeria: Home-Based Eagles to Earn $400,000 As CHAN 2018 Runner-Up Prize

Photo: CAF
(file photo).
8 February 2018

Abuja — The Confederation of African Football (CAF) has officially released the cash entitlements of all teams that participated at the 5th African Nations Championship in Morocco, with second-placed Nigeria to earn the sum of $400,000 and not $750,000 as widely touted.

The figure is the same amount paid out to the runner-up of the last edition of the competition in Rwanda.

It was initially expected that CAF was going to upgrade the prize money of CHAN 2018 to reflect the new sponsor just the way the winner of AFCON 2017, Cameroon was paid upgraded to $4million instead of the previous $1.5million.

NFF President Amaju Pinnick, who is also a member of both the CAF Executive Committee and the CAF Emergency Committee, made the clarifications wednesday barely 24 hours after the Home-based Eagles arrived the country from Morocco with the runner-up trophy.

"Official figures have now shown that hosts and champions Morocco will pocket the sum of $750,000, with silver medallists Nigeria to earn $400,000 and semi finalists Sudan (eventual bronze medallists) and Libya to pocket the sum of $250,000 each.

"The four teams that crashed out at the quarter final stage, viz Namibia, Zambia, Angola and Congo will each be $175,000 richer, while the third placed teams in each of the four preliminary groups will get $125,000 each.

"The fourth-placed teams in each of the four groups will smile to the bank with $100,000.

"CAF has spread the monies in such a way that each of the 16 participating teams at the finals would benefit. No team has received its share yet, but once the finance and audit people conclude their work in a number of weeks, the teams would be paid," Pinnick told the NFF website.

Super Eagles' players and officials, who have been promised 30 per cent of the bonus by the NFF will be smiling to the bank in a few weeks' time when they get the cash from CAF.

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