The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Football Kenya Federation President Nick Mwendwa when he appeared before the Senate Committee on Labour and Social Welfare in Parliament, Nairobi on November 4, 2021 [David Njaaga, Standard]
It is official. The Sh125million Fifa Forward funds the Football Kenya Federation (FKF) paid to WTS Media Group Ltd for a phantom OB van has disappeared into a black hole.
In a letter to creditors seen by Standard Sports, the receiver managers BDO LLP communicated the chilling truth to FKF thus: “We received a claim from you for the total of £928,508.65. As discussed, there were insufficient realisations made to enable a distribution to unsecured creditors in the Administration.”
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