Monday, December 9, 2019

ICPC arrests AFN Secretary General, Akawu over alleged $130, 000 IAAF Fraud

Must Read

Senate confirms 15 NDDC board nominees, rejects Nunieh

  …confirms appointments of Tosho as Chief Judge, Kanyip as NIC President  …Holds a minute silence in honour of Jummai Tafawa...

JUST IN: Buhari drops Baru appoints Mele Kyari new GMD NNPC

President Muhammadu Buhari has appointed a new Group Managing Director (GMD) to Nigerian National Petroleum Corporation (NNPC), Mele Kolo...

 

The Secretary General of the Athletics Federation of Nigeria (AFN), Mr. Amaechi Akawu, has been arrested by the Independent Corrupt Practices and Other Related Offences Commission (ICPC), over allegations of misappropriation of $130, 000 belonging to the International Association of Athletics Federation (IAAF).

Akawu was detained on Tuesday 22nd October, 2019 following his arrest and was subsequently released on administrative bail the next day, to enable him submit some vital documents that were requested by investigators handling the case.

Watch Also: Budget: NEITI Proposes N1 5bn For 2020 Operations

ICPC had received a petition alleging that he had failed to account for $130, 000 mistakenly paid into the account of AFN in 2017 by IAAF.

IAAF had in a letter to AFN in March 2017, volunteered to grant $20, 000 to the federation towards the successful hosting of the CAA Grand Prix Competition in Delta State, popularly known as 2017 Warri Relay Competition.

However, the international body for athletics while fulfilling the pledge, mistakenly paid $150, 000 to AFN in May, 2017, a sum which was far in excess of the $20, 000 grants it had earlier pledged.

Read Also: Akwa Ibom Senatorial Election: APC Drags  Appeal Panel to NJC

IAAF quickly wrote to its Nigerian counterpart two months after the payment admitting the mistake and promptly requested that the $130, 000 excess be returned forthwith.

AFN is yet to refund the excess fund with Akawu as the Secretary General, claiming that the entire $130, 000 was spent on hosting the competition that held in July, 2017.

Details available to the Commission have revealed several transactions on the account which were originated by the Secretary General moments after the payment of the money.

ICPC found out that Akawu, acting without AFN Board, got several approvals for the release of the money through a series of letters to the then Minister of Youths and Sports Development, Solomon Dalung.

On different occasions, he requested for and got approval for the release of N30.4 million, N4.9 million and $20, 000 all in the month of July, 2017 as expenses for the competition. He also requested for N9.5 million in the same period, but N5 million was approved by the then Permanent Secretary.

Akawu is yet to furnish the Commission with the evidence of the expenditures, telling investigators that he had submitted all the documents relating to how the $130, 000 was spent by AFN to the registry in the office of the Minister.

Leave a Reply

Latest Post

Ganduje buries hatchet, appoints Emir Sanusi as chairman

Governor Abdullahi Umar Ganduje of Kano state has laid to rest speculations that he will strip Emir of Kano...

JUST IN: Funke Akindele loses dad

Nollywood megastar, Funke Akindele has just announced the death of her father, a retired school principal on her social media platforms, Instagram and Twitter....

Wole Soyinka Centre steps down Integrity Award for Osinbajo

The Wole Soyinka Centre for Investigative Journalism (WSCIJ) has postponed the presentation of an Integrity Award to the Vice President Yemi Osinbajo amidst protests...

Why Lagos Govt sealed 24 pharmacies, patent medicine stores

The Lagos State Government says it has sealed 24 pharmacies and patent medicine stores in various parts of the state for illegal operation and...

Why we are against new marriage certificate law – PFN

The Pentecostal Fellowship of Nigeria (PFN), has described the newly introduced marriage certificate law by the federal government as exploitative and an attempt to...

More Articles Like This