Newly appointed Sports Minister Sunday Dare has approved the refund of the IAAF funds mistakenly paid to the Athletics Federation of Nigeria (AFN).
The World Athletics governing body paid the sum of $150,000 to the AFN instead of $15,000 two years ago and since then all efforts by the IAAF to retrieve the extra $135,000 funds proved abortive.
That has however now been rectified as the new Sports Minister revealed via his twitter handle that the matter has been handled.
Mr Sunday Dare revealed that former Minister of Sports Solomon Dalung had initiated the refund process approving the first tranche while he is only ensuring that the remaining sum of $65,000 be returned.
With this development, Nigeria is expected to avoid an impending ban on the Federation and her athletes from the IAAF ahead of the Tokyo 2020 Olympics.
