Nigeria Refunds IAAF Over-payment Fund

Nigeria Refunds IAAF Over-payment Fund
Advertisements

The International Association of Athletics Federations (IAAF) has confirmed the receipt of the balance of the overpayment made to the Athletics Federation of Nigeria (AFN) in 2017.

IAAF confirmed at the weekend that the world athletics body has received $65,000 which was the outstanding after 50 percent of the $130,000 was paid by former Minister of Sports, Solomon Dalung.

ALSO READ: Apologise To Nigerians And Resign – PDP Tells Fashola Over Comments On Roads

Sports Minister, Sunday Dare, had approved the refund to the IAAF and the money eventually arrived in the banking account of the worldwide organization after a short delay.

The Athletics Federation of Nigeria (AFN) owed the IAAF a total of $130,000 after it erroneously paid the AFN $150,000 (£117,000/€136,000), instead of the annual grant of $15,000 (£11,700/€13,400) it gives to its Member Federations.

 

Leave a Reply

Your email address will not be published. Required fields are marked *