Corrupt individual managing public institutions should be jailed for life to serve as a lesson since the country is running deep in the grave of debts.
Maasai Mara University is running on a deficit of Ksh101,322,923 according to Auditor General Edward Ouko reports.
In the latest audit report, the University has liabilities worth Ksh306 million against assets worth Ksh205 million.
The audit further reveals that the students fees collection only accounted for 61 per cent of the revenue, with more than Ksh109 million out of the total receipts being reported as uncredited in the cash book instead of being allocated to student accounts.
The student registration records showed that the university has 9,339 students, while a schedule of billings in tuition income indicated that there were 8,887 students. This means that the tuition fees for more than 452 students was ending up in private accounts.
Further, 494 inactive students were invoiced Ksh16 million but were not backed up with receipts.Doubtful debts not backed up by receipts, amounted to over Ksh16 million.
The audit further reveals that the institution received Ksh72 million from Helb, but only Ksh60 million reflected in the books of accounts. Ksh12 million from Helb was not accounted for.
Ksh55 million was received from bursaries, with Ksh51 million having been applied for. Ksh4 million that was not applied for was classified as funds from creditors.
Vice Chancellor Professor Mary Walingo has been on the spot since 2016, being accused of mismanagement that could run down the institution.
In 2016, Maasai Mara made a loss of Ksh7 million while in 2015 the institution lost Ksh6 million.
Recently,Parliament asked the National Treasury to immediately allocate Sh1.6 billion to Kenyatta University hospital to trigger the release of undisturbed loan owed to the Chinese government to operationalize the training facility.
The House says Sh656,682,2017 is needed for dry run budget and Sh1,060,490,567 for the soft run of Kenyatta University Teaching and Referral Hospital considering that the facility has been lying idle and the university is currently facing financial constraints.
“The project implementation was to take five years from 2011 at a cost of Sh8.8 billion. Two years after the intended operational year (2016), it is still idle with an amount of Yuan 142,862,209 (Sh1.37 billion) undisbursed,” Ms Sabina Chege, who chairs the National Assembly’s Committee on Health said in a report.
“During this period, the warranty of the equipment has expired and repayment of the Chinese Exim Bank loan is due to start on September 21, 2018,” Ms Chege said in the inquiry report.
The MPs said they were doubtful that the university would meet its obligation to pay the Treasury interest due on September 30, 2019 considering the hospital is idle and Kenyatta University (KU) is currently facing financial challenges.
The committee has recommended that the Treasury allocated the Sh1.6 billion through the supplementary budget for ratification by the National Assembly.