The University of Nairobi. Auditor-General Edward Ouko says as a result the university has fallen behind in paying statutory dues to the Kenya Revenue Authority, Pensions Scheme, National Hospital Insurance Fund, National Social Security Fund, Higher Education Loans Board and University of Nairobi Co-operative. In his findings, Mr Ouko said the university has a history of shortages in funding from the Treasury dating back to 2009. The audit noted the university targeted to raise Sh8 billion, but only managed Sh6.4 billion with a shortfall of Sh1.6 billion. Mr Ouko said the university does not have a policy on overdrafts but it relied on a memo prepared by the Finance and Administration department for the vice- chancellor also approved by the university council.

Source: Daily Nation January 26, 2017 06:20 UTC