Varsity fund in crisis: Audit exposes mismanagement, exclusion
Auditor-General Nancy Gathungu has pointed out deep weaknesses in the model, which she says has led to unfair allocation of resources.
Auditor-General Nancy Gathungu has pointed out deep weaknesses in the model, which she says has led to unfair allocation of resources.
Gathungu disclosed that Rerec made the payments, citing work allegedly done in previous years, but failed to provide evidence of the projects surveyed.
A report by Auditor General Nancy Gathungu paints a worrying picture of how the Sh31.5 billion subsidy programme.
Auditor General Nancy Gathungu warned that continued failure to pay the loan has led to Sh5.3 billion in penalties and Sh28.85 billion in interest.
The Auditor General also took issue with the TSC’s handling of teacher transfers.
The audit also exposed further legal failures, noting that KFS had paid Sh8.17 million in compensation in some cases after failing to attend court to defend itself.
Auditor General Nancy Gathungu, in her report for the year ending June 30, 2024, exposed that the company is operating at a negative working capital of over Sh3.4 billion.
Auditor General Nancy Gathungu noted that the delays in completing courts in Dagoretti, Kasarani, Mihango, and Huruma are directly tied to the Executive Office of the President.
The council said the missing deed could have implications for its operations, adding that internal investigations are underway.
She also raised concerns about substandard workmanship in the drilling of boreholes, despite expenditures of approximately Sh70 million.
Speaking to Parliament, Gathungu said the country continues to incur losses from underutilized donor funds, blaming it on poor planning and low project implementation.
Treasury Principal Secretary Chris Kiptoo told lawmakers that all remaining claims are now considered ineligible unless those owed can prove their legitimacy.