Kofi Amoah Ordered To Return $100k Glo Money

The $900,000 US Dollars was paid into the GFA's account on Wednesday November 27, 2019.

Kofi Amoah Ordered To Return $100k Glo Money
Dr. Kofi Amoah

Former Ghana Football Association Normalizations Committee, Dr. President Kofi Amoah has been ordered to return $100,000 payment made to lawyers who helped retrieve an arbitration settlement from Globacom Telecommunication Network.

Dr. Kofi Amoah was in the news last week that Globacom has paid $1 million to him to be paid to the GFA, and yet the Association only received $900,000.

The astute businessman has since explained that lawyers who helped in the arbitration settlement were paid 10% of the settlement, which amounted to $100,000 as legal fees.

Dr. Amoah has defended his actions, insisting that such payments to lawyers are not strange but the GFA say proper corporate governance procedures were not followed, thus impressing on Dr. Amoah to ensure the said amount is paid to the association.

 

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The hierarchy of the GFA believes the full amount that Globacom paid to the association must reflect in the FA`s accounts after which the lawyer who worked on the arbitration settlement can officially write to the FA to be paid for the services rendered.

It will be recalled that Glo signed an agreement with the GFA in 2008 to sponsor the Ghana Premier League for five years.

Halfway through the contract, Glo unilaterally pulled the plug on the deal with no specific reason given to the FA.

The FA have since been in and out court fighting the ‘unlawful’ termination of the contract.