MPs demand UoN plan to tackle Sh20bn debt

The report shows that University of Nairobi had reported a deficit of approximately Sh2.2 billion, pushing its accumulated deficit to Sh8.8 billion.

University of Nairobi vice chancellor Ayub Gitau before the National Assembly Public Investments Committee on Governance and Education to examine the reports of the Auditor General on October 22 /DOUGLAS OKIDDY

MPs now want the University of Nairobi to come clean on its plan to address Sh20 billion in debt and the steps it is taking to restore the institution’s financial stability.

The push follows an audit report that effectively found the institution technically insolvent.

The National Assembly’s Public Investment Committee on Governance and Education met the university’s top management on Thursday to discuss the audit reports for the 2020-21 to 2024-25 financial years.

Source: The Star