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Pinnick said on Tuesday: “What we did on Sunday is the beginning of the new level to which we want to take this important competition. When we announced Agege Stadium, several people went public with condemnation of the idea. But we knew what we wanted to achieve and we went for it.

The eight-time Olympic champion, who retired from athletics following the London 2017 World Athletics Championships, is also set to be driven around the Circuit of the Americas by championship leader Lewis Hamilton in the build-up to the Grand Prix.

The IBF and WBA champion had been scheduled to face his mandatory challenger at Cardiff’s Principality Stadium on October 28 and in front of a near-80,000-strong crowd, with over 70,000 tickets already sold.

Sir Adebutu, who also sponsors a teenage women’s tournament, delivered the cheque for the amount to Super Eagles’ Technical Adviser, Gernot Rohr, at the Agege Stadium, Lagos on Sunday during the men’s final of this year’s AITEO Cup competition.