MPs hand UoN ultimatum over Sh20 billion debt
The university is riddled by accumulated deficits, outstanding statutory obligations, and losses.
The entrance to the University of Nairobi.
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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