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Nike Money Fraud; Okeyo Banned For Life

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Okeyo, a former Secretary-General and Vice President of Athletics Kenya (AK) as well as a member of the IAAF Council, and Joseph Kinyua, a former Treasurer of Athletics Kenya, were investigated by the sport’s ethics board and were found guilty of diverting hundreds of thousands of dollars of sponsorship payments for his personal use. This was in relation to payments made by U.S. sportswear company Nike between 2003 and 2015.

The Board found that on many occasions Okeyo did not disclose to AK the withdrawals of the Nike money he made from AK bank accounts and he could also not show any evidence of what the money had been used for.

He was thus found to have breached the ethics code on 10 occasions after taking sponsorship money that “could have been better directed to support the development of the sport of athletics in Kenya” and expelled him from his position on the IAAF Council.

He was ordered to pay the $50,000 fine to AK.

Kinyua was found by the board to have “engaged in similar conduct” but as he was not an IAAF official at the time, it was deemed that he was not bound by the ethics rules in place at the time and hence he escaped sanction.

 



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