Sports Minister Approves Refund Of ‘Missing’ IAAF Money
24 October 2019 Sport
The Minister of Sports, Sunday Dare has approved the refund of the balance of the money International Association of Athletics Federations mistakenly sent to Athletics Federation of Nigeria (AFN).
It will be recalled that in 2017, the IAAF had sent $150,000 to the AFN, instead of the $15,000 for the development of athletics in Nigeria.
Instead of return the excess money to the international body, officials of the AFN allegedly ‘misappropriated’ the funds.
Mr Dare confirmed the approval of the refund via his social media handle on Wednesday evening and promised that the money will get to the international body soon barring bank delay.
“I have approved the release of funds to refund the IAAF overpayment wrongly credited to the Athletics Federation of Nigeria.
In a few days from now the funds should hit the account of the IAAF baring any interbank delays.
With this Nigeria’s reputation is regained,” he wrote. IAAF had warned Nigeria would incur sanctions if the $134,000 that was overpaid was not returned It will be recalled that few hours to his departure, the immediate past minister of sports, Barrister Solomon Dalung reportedly returned 50% of the missing money to the IAAF.
The IAAF revealed at the time that it had received an unspecified “small amount” from the AFN.