Auctioneers holding university assets over Ksh42m debt

The Kenya Methodist University (KEMU) is yet to repay millions of shillings owed to various creditors to reclaim its assets worth Ksh42 million seized by auctioneers, among them vehicles.

Speaking recently in Isiolo during a requiem service for the late Rev. Julius Golicha, the University Board of trustees’ chairman Silas Muriuki pledged to pay the debts next week.

Mr Muriuki blamed competition for the woes facing KEMU, arguing that the establishment of numerous university campuses around Meru had brought about unhealthy competition, “resulting in pedestrian propaganda against the institution and its leadership”.

Several vehicles were taken after more than 60 workers, who were sacked, moved to court. A bus and lorry were also attached.

He noted that former VCs over-paid staff while peer universities were not paying as much allowances for board of trustees or management. He noted that the wage bill was very high than the university could afford and when there was intervention, those who were enjoying them were very unhappy.

READ: KENYA INSTITUTE OF MANAGEMENT IN FINANCIAL CRISIS

Regarding reports that the church was embroiled in leadership wrangles, Retired former presiding Bishop for Methodist church of Kenya Lawi Imathiu said the Methodist Church was strong and united.

Imathiu said that Bishop, Joseph Ntombura Mwaine, was properly elected as Methodist Church Presiding Bishop in accordance with regulations and doctrines of the church, adding that the Church leadership was steadfast and would not allow external forces to cause confusion among the faithful.

Since it was chartered in 2006, KEMU has had seen the controversial removal of three vice chancellors, starting with Prof Mutuma Mugambi in 2010. Professor Alfred Mutema followed in 2015 and Professor Kiriamiti in 2017.

SEE: THE NEW FACE OF MT KENYA’S FINANCIAL MAFIA