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Former CAF President Issa Hayatou to appeal $27.9m fine by Egyptian economic court

By Michael Duah
Issa Hayatou
Former CAF President Issa Hayatou to appeal $27.9m fine
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The Egyptian Economic Court (EEC) has slammed ex-CAF President Issa Hayatou with a fine of $27.9 in relating to a complaint lodged by the Egyptian Competition Authority in early 2017.

It has been reported that the EEC has charged the Cameroonian for disobeying Egyptian law during the signing of a billion-dollar agreement with CAF and the French media company Lagardere in 2015.

EEC further underlined that the agreement was not open to free and fair tender as required by Egyptian law.

In response to the charge, Hayatou confirmed he will appeal.

"This verdict is quite grotesque and has no justification in that it constitutes a flagrant disregard for the facts of the case and for the provisions of Egyptian and international competition law," Hayatou said.

Hayatou expanded: "I will naturally appeal... while reserving the right to bring the case before any other competent international court, so as to put an end to this intolerable defamation and repeated attacks on my honour," he concluded.

CAF and its Executive Committee renewed the agreement with Lagardère Sports in June 2015, by virtue of a memorandum of understanding. This agreement, unanimously approved by the members of the Committee, in full respect of the contractual and legal procedures, was obtained following negotiations initiated in September 2014 and involving a large number of representatives, including a CAF working group, CAF’s Strategic Marketing committee, an agency specialized in sports law, and the CAF administration, all in the framework of the mandate given by the Executive Committee.

Read also: Kwesi Nyantakyi to appeal against life time ban

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