Njoro based Egerton University has claimed that more than Ksh13.6 million has been banked into its accounts from unknown depositors.
Egerton University administration raised the red flag over Sh13.6 million which has been deposited into its various bank accounts for the last seven years.
According to Egerton University’s Department of Finance and Accounts as per the memo dated October 27, 2021, and posted on their website, lists 895 entries relating to the funds deposited into the accounts. However, the university claims it does not know the purpose of the deposits.
All the same, the list names the depositors but indicates the customer number or depositors as ‘unidentified’.
The deposits were made between 2015 and this year. The memo indicates that the deposits were made by individuals who cannot be identified by the institution’s finance system.
The deposits, per the list, were made into accounts operated by the university in two banks.
The university is now calling on whoever made the deposits to come forward and provide supporting evidence to enable it update its records.
“Attached is a list of 895 entries relating to funds deposited into the various university bank accounts and whose depositors and purposes for the deposits have been difficult to identify. Please check and come forward with supporting evidence if you made the deposits in order to enable us to update our records accordingly,” reads the memo in part.
Some of those listed as having made the deposits have no registration numbers and in some instances, only one name has been provided while in others, the name and registration number do not match. Some are not active.
From the list, the least deposit made is Sh1 and the highest Sh459, 465.75
Targeted individuals will be required to submit original deposit receipts as evidence, with information on what the cash was meant for.
Amounts seen on the list include an individual by the name of Johnson Okot, who paid a total of Ksh168,000, whose intent has not yet been established. As little as ksh1 has also been paid to Egerton’s bank account according to the list.
This is not the first time that the Njoro-based University has made headlines over financial abnormalities.
In 2018, the university went into a cash crunch after the commission for cooperative development froze its account for not remitting staff deductions to the relevant authorities.
Before publishing this article, efforts to reach the institution Finance Officer Moses Ouma for a comment were futile as he did not pick calls.