The Independent Commission for Corrupt Practices and Other Related Crimes (ICPC) has questioned the Secretary-General of the Federation of Athletics of Nigeria (AFN), Mr. Amaechi Akawu about allegations of misappropriation of $ 130,000 belonging to the Association International Athletics Federation (IAAF))
Latest Nigeria newspaper report that A statement by the ICPC spokesperson, Ms. Rasheedat A. Okoduwa, stated that the IAAF in March 2017 awarded AFN a grant of approximately $ 20,000 to organize a Grand Prix competition in the state of Delta, but mistakenly credited the It has $ 150,000.
But instead of reimbursing the $ 130,000 to the IAAF, the AFN Secretary-General said that all cash was spent on the competition. Okoduwa said AFN will not yet reimburse the $ 130,000 to the IAAF.
The statement said: “Akawu was arrested on Tuesday, October 22, 2019, after his arrest and subsequently released on administrative bail the next day, to allow him to present some vital documents that were requested by the investigators handling the case.
“ICPC had received a petition claiming that it had not accounted for $ 130,000 paid in error in the AFN account in 2017 by the IAAF.
“The IAAF, in a letter to AFN in March 2017, offered to award $ 20,000 to the federation to successfully organize the CAA Grand Prix competition at Delta State, popularly known as the Warri 2017 relay competition.
“However, the international athletic agency, while fulfilling the promise, mistakenly paid $ 150,000 to AFN in May 2017, a sum that far exceeded the $ 20,000 grants it had previously promised.
“The IAAF quickly wrote to its Nigerian counterpart two months after payment admitting the error and immediately requested that the excess of $ 130,000 be promptly returned.
“AFN will not yet reimburse the excess funds with Akawu as Secretary-General, claiming that the entire $ 130,000 was spent organizing the competition held in July 2017.”
Latest Nigeria newspaper report that ICPC also explained while deciding to hold Akawu accountable for the $ 130,000.
The statement adds: “The details available to the Commission have revealed several transactions in the account that were originated by the Secretary-General just after the payment of the money.
“The ICPC discovered that Akawu, acting without the AFN Board, obtained several approvals for the release of money through a series of letters to the then Minister of Youth and Sports Development, Solomon Dalung.
“On different occasions, he requested and obtained approval for the launch of N30.4 million, N4.9 million, and $ 20,000 in July 2017 as expenses for the competition.
“He also requested N9.5 million in the same period, but the then Permanent Secretary approved N5 million.
Latest Nigeria newspaper report that Akawu has not yet provided the Commission with evidence of the expenditures, and told investigators that it had submitted all documents related to how AFN spent $ 130,000 on registration at the Minister’s office.”