Moi University has assured students, parents, staff and other stakeholders that it is on a steady path to recovery following months of financial difficulties that raised concerns over the institution’s operations and future.
In a statement issued on Friday, July 3, the university said it remains fully operational and continues to carry out its academic programmes without disruption, despite grappling with huge debts and other financial challenges.
“Moi University wishes to give our students, staff, parents and the wider public an unequivocal assurance that the University is open, fully functional, and continues to deliver on its academic mandate,” Acting Vice-Chancellor Professor Kiplagat Kotut said in the statement.
The university said teaching, learning, examinations and graduation ceremonies are proceeding as scheduled across all its campuses, adding that the academic calendar has been fully restored.
The reassurance comes a day after the university’s management appeared before the National Assembly Departmental Committee on Education, where they outlined the institution’s financial position and detailed measures being implemented to restore stability.
According to the university, its financial problems accumulated over several years, prompting intervention by the government.
It said a comprehensive recovery plan supported by the Ministry of Education, the University Council and the university management is beginning to bear fruit.
The institution told lawmakers that reforms aimed at strengthening financial management, increasing revenue collection, controlling expenditure and improving administrative efficiency have helped reduce its revenue deficit and place the university on a recovery path.
Moi University also assured staff that salaries are now being paid on time as the institution works towards regaining full financial stability.
The latest update follows months of uncertainty after the university revealed in April that it was facing the possibility of an auction following a court case that resulted in the freezing of its bank accounts through a garnishee order.
At the time, the university warned that the frozen accounts had severely affected its operations, disrupted access to essential services, delayed salary payments and threatened normal learning activities.
The institution’s financial challenges were further highlighted on Thursday when Acting Vice-Chancellor Professor Kotut informed Members of Parliament that Moi University had accumulated more than Sh8 billion in debt and over Sh10 billion in pending bills, with most of the liabilities dating back to 2014.
Despite the financial burden, the university maintains that ongoing reforms and government support are helping restore confidence in the institution as it seeks to secure its long-term financial and academic stability.
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