#BBB NEWS| FIFA Bans Sepp Blatter And Michel Platini For 8 Years

(CNN) - FIFA president Sepp Blatter and Michel Platini have been banned from all football-related activities for eight years by FIFA's Ethics Committee.

Football's world governing body's Ethics Committee ruled Monday that both FIFA president, Blatter and his UEFA (European football's governing body) counterpart Platini had broken FIFA Code of Ethics relating to conflicts of interest, breach of loyalty and gifts.

The pair were cleared of bribery and corruption allegations.

"The adjudicatory chamber of the Ethics Committee chaired by Mr Hans‑Joachim Eckert has banned Mr Joseph S. Blatter, President of FIFA, for eight years and Mr Michel Platini, Vice-President and member of the Executive Committee of FIFA and President of UEFA, for eight years from all football-related activities (administrative, sports or any other) on a national and international level," the FIFA statement read.

#BBB NEWS| Sepp Blatter Resigns As FIFA President Amid Scandal

Sepp Blatter, former President of FIFA, just announced that he will resign as President of FIFA, amid a major international scandal involving 14 senior FIFA officials accepting 10 million dollars in bribes from the South African government.

Since last week the FBI in the United States has charged 14 with high level officials corruption.

The former FIFA President announced that he will initiate an "extraordinary congress" to find his successor.

"I only want to do the best for FIFA and my institution. I decided to stand again as the best option for football. The elections are closed but the challenges we face haven't come to and end. FIFA needs restructuring. Although fifa have given me a new mandate, it doesn't seem to be supported by everyone - fans, clubs. Those who inspire FIFA like we do."