03-15-2018, 09:45 AM
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IAAF
The House of Representatives yesterday ordered investigation into the alleged disappearance of $150,000, which the International Amateur Athletics Federation (IAAF) sent to the Athletics Federation of Nigeria (AFN).
The lawmakers have also summoned Sports Minister Solomon Dalung, top AFN officials and the Central Bank of Nigeria (CBN).
The IAAF was said to have erroneously sent $150,000 instead of $15,000 annual grant to AFN at a time the Nigerian athletics body was running without a board. By the time IAAF accountants discovered the mistake and asked the AFN to refund the excess payment, the money had ‘developed wings’
The decision to probe the ‘missing’ $150,000 followed a motion of urgent national importance by Hon. Diri Douye, who noted that the reports in various media outfits that the IAAF paid $150,000 to AFN instead of $15,000, which is it’s annual grant to member federations for the year 2017.
The House resolved that the Committee on Sports should carry out a forensic audit on this alleged looting of the excess grant payment, refund the money to the IAAF to prevent Nigeria being banned and to put measures in place to prevent such occurrence in future.
Also, the House summoned the minister of sports, AFN and CBN and other connected parties to explain their roles in the matter.
According to Douye, the IAAF accountant discovered the error and subsequently asked AFN to refund the excess payment but the money seems to have disappeared into thin air’
He added that some members of the AFN called for an emergency congress to look into the scandal and have faulted the Sports Minister, Dalung, who was said to have set up a committee to probe the circumstances surrounding the missing grant.
“Not only is the image of the country being seriously tarnished by the failure of the AFN to refund the excess payment at the instance of the IAAF, Nigeria is also at risk of being banned from international competitions.”
http://guardian.ng/sport/reps-begin-prob...af-150000/
IAAFThe House of Representatives yesterday ordered investigation into the alleged disappearance of $150,000, which the International Amateur Athletics Federation (IAAF) sent to the Athletics Federation of Nigeria (AFN).
The lawmakers have also summoned Sports Minister Solomon Dalung, top AFN officials and the Central Bank of Nigeria (CBN).
The IAAF was said to have erroneously sent $150,000 instead of $15,000 annual grant to AFN at a time the Nigerian athletics body was running without a board. By the time IAAF accountants discovered the mistake and asked the AFN to refund the excess payment, the money had ‘developed wings’
The decision to probe the ‘missing’ $150,000 followed a motion of urgent national importance by Hon. Diri Douye, who noted that the reports in various media outfits that the IAAF paid $150,000 to AFN instead of $15,000, which is it’s annual grant to member federations for the year 2017.
The House resolved that the Committee on Sports should carry out a forensic audit on this alleged looting of the excess grant payment, refund the money to the IAAF to prevent Nigeria being banned and to put measures in place to prevent such occurrence in future.
Also, the House summoned the minister of sports, AFN and CBN and other connected parties to explain their roles in the matter.
According to Douye, the IAAF accountant discovered the error and subsequently asked AFN to refund the excess payment but the money seems to have disappeared into thin air’
He added that some members of the AFN called for an emergency congress to look into the scandal and have faulted the Sports Minister, Dalung, who was said to have set up a committee to probe the circumstances surrounding the missing grant.
“Not only is the image of the country being seriously tarnished by the failure of the AFN to refund the excess payment at the instance of the IAAF, Nigeria is also at risk of being banned from international competitions.”
http://guardian.ng/sport/reps-begin-prob...af-150000/