Egyptian Court slams former CAF President Cameroonian born Issa Hayatou a $55M (close to 32 Billion F CFA) fine for Corruption

issa hayatou

A Cairo Economic Court last Monday November 26 2018, slammed the former former President of the Confederation  of African Football - CAF Issa Hayatou and his Secretary General Hicham El-Amirani a fine of $55m and equivalent of 32 Billion F CFA for monopoly practices.

The duo faced charges violating Egypt's competition law in selling exclusive broadcast and sponsoring rights to Lagard√®re Sports without tender.

The Egyptian Competitions Authorities said in 2017, said evidence proved that Issa Hayatou contravened articles (8) sections A, B, C, D and E as contained in the Protection of Competition Act. By that, he abused his current position and gave broadcasting rights to Lagardere Sports unilaterally.
CAF entered the deal with Lagadere in June 2015, under the deal Hayatou granted broadcasting rights of 12 years to the company starting from this year through to 2028. The same company has been holding the rights between 2008 to 2016.
The 72-year-old Cameroonian Hayatou lost his position as CAF head, which he held for 29 years, after losing elections in 2017 to Ahmad Ahmad of Madagascar.

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