MOI UNIVERSITY: A FULIZA INSTITUTION

The ethics and anti-corruption commission is investigating spending at Moi University. It is alleged to be a bankrupt institution following a report by the auditor general. The VC professor Kosgey thinks otherwise and the university is running well.
Nancy Gathungu audited the university and had no other choice but to declare it insolvent. In her report, the university had debts of more than sh 4.5Bn, and the university could not service its debt. With time the situation has aggravated and the debt margin has risen to sh5 billion and the university can barely pay its workers.
The financial reports for the 2018-2019 period show that the university had negative working capital, of over sh400 million. The university had a debt of sh 2.8 billion making it a bankrupt institution.
Following the report, the EACC is investigating the universities management for the allegations of mishandling of university money and resources under professor Kosgey’s tenure.
The EACCs officials of the north rift wrote a letter to the VC asking for compliance with the investigations.
 “The commission is conducting allegations into embezzlement of the fund. The commission requires all the original documents and information of employment records” the letter read
On the 16th of September, the VC admitted to the challenges and the problems were not new to the institution.
He said, “we have some challenges but the university is doing well “
A few days ago the university staff and workers staged a demonstration over the salary arrears
Details on the university records show over 4000 employees are unaccounted for as the university has 10000 workers and only 6000  accounted.
The grievances were they could not access loans as they were listed in the CRB and could not afford their needs.
“We are operating on fuliza just like the university. We fear that will be over since the university has a lot of financial crisis,” a staff member said.