Moi University, one of the top Universities in Kenya has been declared insolvent according to a report released by the auditor general. The auditor general report indicates that the University has debts that exceed Kenya shillings 4.5 billion.
Why Moi University is broke
Most universities in Kenya are facing financial difficulties occasioned by a decrease in the number of self-sponsored students and worsened by the pandemic.
We had previously published a post about Kenyatta University frozen bank accounts by KRA (Kenya Revenue Authority) for failing to remit employee deductions amounting to about Kenya Shilling 2 billion. The University of Nairobi has also increased fees for new students.
Moi University is, however, facing a unique financial challenge. Reports indicate that the University has over 10,000 workers on its payroll, but the University requires only 6,000 workers.
Of the 10,000 workers, 2,000 are said to be excess workers while 2,000 are unknown workers (Ghost Workers).
EACC Moi University ghost workers Investigation
On September 7, 2021, Ethics and Anti-Corruption Commission (EACC) wrote a letter to the University Vice-Chancellor Prof Isaac Kosgey requesting a record of workers employed at the University since July 2018. EACC is investigating Moi University for alleged ghost workers. The investigation are ongoing. We will provide an update once they are completted.
The University VC has, however, denied claims of the existence of Ghost workers in the institution but admitted that the University is facing financial challenges like any other public University.