The four (4) year contract deal was earlier on July 24, 2019, signed by the President of the Athletics Federation of Nigeria (AFN) and was due to expire by 2022.
The German firm in a letter signed by its Director, Manuel Edlheimb, made it known that the 4 year contract deal was terminated over the failure of the Nigerian athletes to wear the company brand kits at the Tokyo 2020 Olympic games.
“We are referring to the licensing and sponsoring agreement signed between our company and your federation.
“As a direct consequence of the recent developments, particularly at the Tokyo Olympic Games 2020 and pursuant to clauses 9.2 and 7.3 of the Agreement, we hereby terminate the Agreement with immediate effect.
“PUMA especially declares to be discharged from any or all obligations towards all stakeholders involved and reserves all rights against these entities and individuals”.
The failure to wear the company brand kits comes after the Federal Ministry of Youth and Sports refused that the Nigerian Tokyo 2020 Olympic athletes weren’t going to wear the PUMA brand kit over an ongoing investigation of an alleged contract signed by the company.