Sources within the institution that shall remain anonymous for now are pleading with Kenya's Director of Criminal Investigations George Kinoti, his counterpart at the Office of the Director of Public Prosecutions Noordin Haji to investigate and prosecute officials from Kenya Commercial bank’s subsidiary the National Bank of Kenya from where the fraudulent activities took place
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| Moi University main campus in Eldoret |
Reports of how Moi University has been undergoing acute financial strains due to corrupt incidents perpetuated by senior staff members first appeared in the local media some times last year.
What keen observers did not know at the time was that the university’s DVC of Finance was fully involved in the whole fraud. The Weekly Vision has document indicating how Moi University has been losing huge amounts of money to unscrupulous individuals on the University payroll, the same people who are supposed to be the custodians of the institutions’ finances.
Sources within the institution that shall remain anonymous for now are pleading with Kenya's Director of Criminal Investigations George Kinoti, his counterpart at the Office of the Director of Public Prosecutions Noordin Haji to investigate and prosecute officials from Kenya Commercial bank’s subsidiary the National Bank of Kenya from where the fraudulent activities took place.
They must face money laundering, fraud, and abuse of office charges. Others who should face the same fate are Prof. Daniel Tarus DVC Finance, Eldoret and Dr Bernard K. Malakwen the acting Nairobi Campus Director.
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| Noordin Haji and George Kinoti |
Prof. Daniel Tarus the DVC Finance and Dr Bernard K. Malakwen, are the ring leaders of a group of individuals who must be prosecuted for fraud among other charges. The others are bank officials from National bank of Kenya Moi Avenue branch in Nairobi, senior officials from Moi University Eldoret and Nairobi campus and several signatories to the Nairobi Campus Welfare Group Staff account.
The group collaborated and swindling up to Ksh. 100 million, money meant for Moi University by using the Moi University Nairobi Staff Welfare account held at National Bank of Kenya on Kenyatta Avenue, Nairobi. Most activities on the account were however conducted at the Moi avenue branch because of its close proximity to the university campus situated at the Bazaar Plaza.
They used account number 01241014344700 to commit fraudulent activities. The A/C was initially opened by officials of Moi University Nairobi Staff Welfare Association for the groups banking activities; the account however hijacked by some clever senior university officials who had seen a loophole in which they could utilize to make a quick buck.
The university officials roped in NBK Moi avenue manager who in turn recruited his trusted bank tellers to do the job. The University staff would on receipt of banker’s cheques paid as student tuition and drawn in the name of Moi University deposit the same on the of Moi University Nairobi Campus Staff Welfare Association’s account. As soon as the money reflected on the account, the team would share it out among individuals from the Moi University, the Welfare group and National bank. Prof. Tarus was on several occasions made aware of the illegal transactions taking place, he instead ordered the finance and IT departments to harmonize and put their records to indicate that students whose tuition cheques the university had received from various CDF offices or Parents/Guardians owed no money to the institution.
Parking fees from proceeds from a portion of land owned by the university sandwiched between Laico Regency hotel and Utalii House in Nairobi has never been accounted for, the information remains classified and the only people who know where the money from is banked and how it is used are DVC finance and his counterpart in Nairobi Mr Malakwen.
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