Nairobi, Sept. 30 -- Egerton University is in the red. The deep financial crisis arises from fraud and mismanagement, a new report shows.
The country's premier agricultural institution has been struggling to meet its obligations, which the management previously blamed on insufficient resources. However, the new audit exposes an organisation that routinely flouts regulations.
Ms Theodora Gichana, the Inspector-General (Corporations), paints a picture of a chaotic institution that loses millions of shillings due to fraud or incompetence. She wants Education Cabinet Secretary George Magoha to act swiftly to arrest the situation.
The auditor says the university may have lost up to Sh7.2 million for allowing an irregular change of mode of stu...