Okeyo, also a vice-president of AK, is alleged to have siphoned off funds from a sponsorship deal between the national association and the American sportswear giant. 

Kenyan police are reportedly also investigating Kiplagat, a former Council member who stood unsuccessfully as an IAAF vice-presidential candidate this year, who is accused of covering up doping.

Coe told German TV station ARD today how Okeyo did not participate in this week's Council meeting in Monte Carlo while the police investigation continued.

He said it was "very possible" they could be suspended, adding how a final verdict could be made by the Ethics Commission this week.

An investigation was opened when the allegations first surfaced earlier this month, with Joseph Kinyua, the Federation's former treasurer, also being assessed.

Coe's words come after Kenyan athletes carried-out a two-day occupation of the AK building at Riadha House to protest the officials.

This was ended only by the intervention of the Kenyan Sports Ministry, who explained afterwards how both Kiplagat and Okeyo have been asked to step-aside while a full investigation is carried out.

"We have had a fruitful discussion with the AK official and the athletes' representatives and accepted that the only way forward was to resolve the issue," said Sports Ministry official Richard Ekai.

More than 60 athletes were reportedly involved, including 400 metres hurdles world champion Nicholas Bett and London and New York City Marathon winner Wilson Kipsang, the former world record holder who heads the Professional Athletes Association of Kenya.

Concerns are also growing over high levels of doping in Kenya following the World Anti-Doping Agency Independent Commission report's confirmation of "systemic doping" within Russian athletics earlier this month.

Double world cross country champion and Commonwealth Games bronze medallist Emily Chebet was among seven Kenyan athletes banned on Friday (November 27) for failing tests.

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November 2015: Kenyan doping "concerning" for all athletes competing in endurance athletics events, claims Pound
November 2015: IAAF Council member who voted to ban Russia being investigated by Kenyan police for siphoning off funds from Nike sponsorship deal