Nairobi MCAs say Sh50m bursary funds cannot be accounted for


Counties

Nairobi MCAs say Sh50m bursary funds can’t be accounted for


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The Metropolis Corridor constructing in Nairobi. FILE PHOTO | NMG

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Abstract

  • Saga surrounding ward bursary disbursement in Nairobi County has resurfaced with MCAs claiming that near Sh50 million can’t be accounted for within the final two monetary years.
  • The ward representatives have alleged that the thousands and thousands may have been misplaced as a consequence of hitches surrounding the usage of digital fund switch system to disburse the Sh297.5 million ward bursary fund to colleges.

Saga surrounding ward bursary disbursement in Nairobi County has resurfaced with MCAs claiming that near Sh50 million can’t be accounted for within the final two monetary years.

The ward representatives have alleged that the thousands and thousands may have been misplaced as a consequence of hitches surrounding the usage of digital fund switch system to disburse the Sh297.5 million ward bursary fund to colleges.

Highrise MCA Kennedy Oyugi, shifting a movement to induce Metropolis Corridor to ditch the digital system, mentioned thousands and thousands can’t be accounted for as a consequence of reconciliation points between vouchers given to oldsters and cash obtained within the totally different faculties’ accounts.

He mentioned since 2019, dad and mom have reported issues in attempting to reconcile vouchers with college bursars and accountants.

“Hundreds of thousands can’t be accounted for since we determined to make use of the direct switch of cash to colleges,” mentioned Mr Oyugi.

Metropolis Corridor shifted from use of cheques to disburse cash to help needy however shiny college students in April, 2019 in a bid to protect in opposition to the funds entering into fallacious arms.

Subsequently, the county authorities started transferring the funds on to the accounts of the faculties of the beneficiaries.

However Mr Oyugi mentioned the voucher system has introduced extra issues than options blaming college accountants and bursars of negligence and failing to reconcile the vouchers and the college financial institution accounts.

He famous that the issue largely arises as a result of it’s troublesome to reconcile the vouchers to the totally different financial institution accounts utilized by the faculties with dad and mom now left with the burden to print statements with the intention to affirm the voucher funds.



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