Hard truths. Bold Insights. Real talk.
The committee, chaired by Luanda MP Dick Maungu, is examining Auditor-General Nancy Gathungu’s reports for the financial years under review, with the school accounting officers expected to respond to various queries.
According to the reports cited by The Standard, audits tabled before the National Assembly in August found cases involving unauthorised levies, spending without proper supporting documents, failure to collect outstanding fees, unexplained cash withdrawals, unapproved bank loans, weaknesses in procurement systems and questionable investments by some schools.
A report by Auditor General Nancy Gathungu for the financial year ending June 30, 2025, shows that the former ruling party recorded land worth Sh1.95 billion and land and buildings valued at Sh8.20 billion.
The decision follows a detailed review of reports by the Auditor General, which pointed to widespread breaches of fiduciary duty and long-standing malpractice spanning about 14 years. MPs said the findings raised serious questions about how loans were being approved and disbursed at the corporation.