Lawyers representing William Wallace and his executive have threatened legal action against First Citizens Bank in Port of Spain should they find that the bank has changed signatories to the accounts of the Trinidad and Tobago Football Association (TTFA) without the required authorisation.
Wallace and the members of his executive were elected to lead the TTFA during elections held in Trinidad and Tobago in November 2019. However, less than four months later, FIFA, through a letter dated March 17, 2020, indicated that they were appointing a normalisation committee to oversee the daily running of the heavily indebted association.
Despite protests from the Wallace-led executive that such a move was unconstitutional, FIFA went ahead and appointed a committee later that month.
To exacerbate the matter, members of the executive received information recently that the normalization committee had gained control of the TTFA’s accounts, which prompted Friday’s action from the lawyers.
“Since the elections held in November 2019, following which Mr William Wallace was duly elected President of the TTFA and subsequent thereto added as a signatory to the accounts, there has been no further change,” the letter dated April 17, 2020, said in part.
“Any attempts to change the signatories on the account which may have already been made in March or April 2020 or attempts which may be made hereafter without the express approval of Mr William Wallace and/or the duly elected executives is unauthorized.”
The letter continued: “My client would like to believe that in the modern banking context which is set against a backdrop of robust due diligence, no mere letter from a body with no legal standing in Trinidad and Tobago, could usurp the due authority of the TTFA Board of Directors and/or induce the bank to breach its contract with the TTFA.
“Should it come to light that the bank has provided any confidential information to, or acted to make any changes in respect to the TTFA accounts…my clients shall without delay approach the High Court or urgent assistance in preventing or stopping any breach or unlawful interference.”
Earlier this week, Wallace wrote to the Minister of National Security of Trinidad and Tobago expressing concern over discussions the normalisation committee was having with the government about the use of the ‘Home of Football’ to house citizens infected by the Coronavirus COVID-19.
Wallace insisted that he should have been a party to those conversations and not the normalization committee.
SOURCE: digicelsportsmax.com