AXE FOR DISCUSSION ?

[Taffjones]

Have had this axe ? sitting in my collection for sometime. Your thoughts on this item would be appreciated. You will notice from the photographs that the blade can be fitted in both the vertical and horizontal planes. Could this item have a duel role or not be a fighting item at all. The item also looks to have blind holes drilled into the shaft for decoration. The nearest match I have found so far is African possibly Chokwe.

Thanks once more in anticipation