Parastatals Appear Before PIC Governance And Education To Respond To Audit Queries
By PCS
Worth Noting:
- Appearing before the committee, Kenya Utalii College was taken to task to offer acceptable responses to audit queries on unsecured house and car loans for their staff.
- THE CEO, Higher Educations Loans Board (HELB), Charles Ringera, reported that more than 140,000 students are unable to receive funds because of a shortfall caused by defaulters, with the performing loans as at 28th February 2023 rated at 75%, which is a competitive performance in the banking sector, that has been increasing by an average of 1% annually.
- The CEO outlined measures undertaken to resolve the issue of defaulted loans, among these being: forming a team for debt recovery, prosecution of defaulters, and partnering with strategic partners for the purpose of data sharing to obtain defaulters’ information.
The National Assembly Public Investments Committee on Governance and Education yesterday held meetings with a number of parastatals summoned to answer audit queries in reports of the Auditor General, covering the last 3 financial years running up to 2020/21.
The committee chaired by Jack Wanami Wamboka (Bumula), also received the guidance of officers from the Office of the Auditor General and National Treasury who were in attendance to offer clarity on compliance issues by the parastatals.
Several Parastatals had been instructed to re-appear before the audit committee and offer sufficient explanation after submitting inadequate responses to the committee.
Kenya National Examinations Council (KNEC) led by CEO, Dr. David Njeng’ere was directed to furnish the legislators with information regarding the Mitihani House construction project that lasted over 30 years before completion.
Some of the issues of concern to the committee include: inconsistency in payments to a contractor who breached their contract obligations.
The MPs also deliberated on the matter of interest payments that may have accrued due to delayed payment certificates, as well as the inability to recoup damages from contractors. As a result, the committee has decided to conduct a visit to the KNEC offices in the coming week to gather additional details on this issue.
Appearing before the committee, Kenya Utalii College was taken to task to offer acceptable responses to audit queries on unsecured house and car loans for their staff.
THE CEO, Higher Educations Loans Board (HELB), Charles Ringera, reported that more than 140,000 students are unable to receive funds because of a shortfall caused by defaulters, with the performing loans as at 28th February 2023 rated at 75%, which is a competitive performance in the banking sector, that has been increasing by an average of 1% annually.
The CEO outlined measures undertaken to resolve the issue of defaulted loans, among these being: forming a team for debt recovery, prosecution of defaulters, and partnering with strategic partners for the purpose of data sharing to obtain defaulters’ information.
The Auditor’s Report on TVET Curriculum Development, Assessment and Certification Council (CDACC) had the Ag. CEO, Ms. Zipporah Njoroge respond to over-expenditure of budget without approval from Treasury.
The committee further identified irregular payments made to the former CEO (KSh219,000) and State Corporations Advisory Committee (SCAC) (KSh320,000).
Ms. Njoroge is expected to recover funds from SCAC while the former CEO was instructed to repay the money within one-year.
The Jomo Kenyatta Foundation, Commission for University Education, and the Auctioneers Licensing Board also appeared before the committee as summoned.
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