KSHS 50M BURSARY FUNDS CANNOT BE ACCOUNTED FOR NAIROBI MCAS SAY

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Nairobi county is characterized by scandals that range from controversial leadership to allegations of corruption, with every dawn bringing new scandals that mostly revolve around finances. According to Nairobi County MCAs, ward bursary disbursement of close to Sh50 million cannot be accounted for in the last two financial years.

The ward representatives have alleged that the millions could have been lost due to hitches surrounding the use of electronic fund transfer system to disburse the Sh297.5 million ward bursary funds to schools.

Highrise MCA Kennedy Oyugi in a motion to urge the county to ditch the electronic system, said millions cannot be accounted for due to reconciliation issues between vouchers given to parents and money received in the different schools’ accounts.

Since 2019, parents have reported problems in trying to reconcile vouchers with school bursars and accountants.
City Hall shifted from use of cheques to disburse money to support needy but bright students in April, 2019 in a bid to guard against the funds getting into wrong hands.

Subsequently, the county government began transferring the funds directly to the accounts of the schools of the beneficiaries.

However, Mr Oyugi said the voucher system has brought more problems than solutions blaming school accountants and bursars of negligence and failing to reconcile the vouchers and the school bank accounts. He added that the problem mostly arises because it is difficult to reconcile the vouchers to the different bank accounts used by the schools with parents now left with the burden to print statements in order to confirm the voucher payments.

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