Shs19b missing at Kyambogo University
Posted Thursday, March 13 2014 at 20:50
An investigation showed that contrary to reports, many students had paid fees and were issued with receipts by officers, who according to the university policy, can only issue them after reconciling university accounts with those of the bank
More than Shs19b worth of tuition remains unaccounted for at Kyambogo University, Daily Monitor has learnt.
Of the Shs20.6b outstanding fees collections, only Shs812m has been recovered from seven officers being investigated for mismanaging tuition and graduation fees.
The officers recently recorded statements with police in the ongoing investigation by the IGG and Auditor General officials.
An investigation showed that contrary to reports, many students had paid fees and were issued with receipts by officers, who according to the university policy, can only issue them after reconciling university accounts with those of the bank.
Investigations point at collusion between financial officers and suspects from Stanbic Bank, Kyambogo branch. Some students have recorded statements with the security office at the university.
Last academic year the total bill the university expected to get from 9,110 students was Shs40.5b but at the time of graduation, the university had realised only Shs19.8b.
Only 6,713 out of the 9,110 students who sat for exams graduated at the recently concluded graduation.
Student representatives recently met officials from the IGG requesting for independent officials to verify receipts of all continuing students to avoid similar problems in future.
Ms Munira Ali, the IGG spokesperson, could not put a specific timeframe on when the university report would be released. “The issues being investigated are many, but we are working around the clock to complete the investigations,” she said.
Kyambogo University has had its share of problems since its inception in 2003 ranging from alleged incompetence of some staff to corruption to conflict of interest, intrigue and abuse of public resources.