MPs hand UoN ultimatum over Sh20 billion debt
Detailed summary
MPs have directed the University of Nairobi to produce a rescue plan to help in the clearing out its staggering Sh20 billion debt and outline a plan that will save the institution…
MPs have directed the University of Nairobi to produce a rescue plan to help in the clearing out its staggering Sh20 billion debt and outline a plan that will save the institution from the brink of financial ruin.
The directive follows Auditor-General Nancy Gathungu’s report that found the university technically insolvent, with MPs challenging the university management to provide verifiable figures and firm timelines for its financial recovery.
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