Probe into loss of Sh600m at varsity begins - News Summed Up

Probe into loss of Sh600m at varsity begins


EACC North Rift Senior Deputy Director Enoch Otiko on Wednesday said audit documents showed that mismanagement at the university was high. The government report released last month raises alarm over questionable transactions between the university and Rift Valley Textiles (Rivatex), a firm it owns. According to the audit, transactions between the university and Rivatex showed discrepancies amounting to Sh599.5 million. Though financial records provided showed that Sh108 million was collected from students for accommodation, the institution failed to provide supporting documents. The University Academic Staff Union’s (Uasu) local chapter says lecturers go for months without pay.


Source: Daily Nation October 12, 2016 21:11 UTC



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