Saturday, March 24, 2012

HOW KSHS 200,000 WAS MISAPPROPRIATED BY THE 26TH SGC

Compiled by MOSES, NYAMWEYA & KIHARA

As the raging debate on the clouded circumstances under which the two lucrative Soweto Chips Cafés were sold, and how the money accrued was thereafter misappropriated by the Muso officials continue to take twists with political blame game by the officials taking centre stage, The 3rd Eye can now reveal the brains behind this scandalous deal by a section of The 26th SGC.

According to a director who sought anonymity, Muso Chairman, Mr. Florence Doghana, early this month approached and negotiated a sale deal of the aforementioned business premises with a renowned campus entrepreneur, Mr. Musau, and later informed the other directors about the pact. The proposed transaction was later endorsed unanimously by all the eleven directors who accepted the terms and conditions of the sales as earlier agreed by the two. To avert monopoly of ownership, they agreed to allocate him one chips café at Ksh. 100,000 and the other one was sold to the current Muso Academics Director Mr. Titus Mururu, at the same amount bringing the total sales to Ksh. 200,000.

It is reported that the duo refused to remit cash to the willing officials on the basis that the amounts were large and that there was need for transaction receipts. This prompted the eleven directors to open a new partnership account with the National Bank of Kenya-Moi University Branch under the signatory of the Executive Members – Chairman, Secretary General and Finance Director. The account is to run parallel to the existing official Muso Account which has the Dean as one of its signatories.

The new account is said to have been opened to cater for emergency calls due to the bureaucracy with the official Muso Account, and that the Ksh. 200,000 was an emergency kitty to help in alleviating students’ affairs.
On the 9th day of March, the three signatories withdrew Kshs 138,000 from the said new account leaving it with Ksh. 62,000. They then gave out Ksh. 65,000 (from the 138,000) to host “Exams Fever” kadunda which took place on 10th March, 2012. This amount was to be refunded by the Muso Account via the Entertainment Director.

Due to the delay and bureaucracy in processing money from the official Muso account, the officials allowanced themselves Sh. 6,000 each (totaling to Sh. 66,000) from the remaining amount on condition that after remission of their allowances they refund the new emergency kitty account. The remaining Ksh. 2,000 was then used to refund the outgone Catering Director, Joyce Wainana, who paid the lunch bill for the joint meeting between The 25th and 26th SGCs late last month after an outgone director (name withheld) allegedly disappeared with the money which was meant for the occasion’s expenditure.

Muso officials have five allowance-able meetings in a semester. The executive members get 2,500 per meeting plus Ksh. 1,000 airtime every month while the others get Ksh. 2,000 each every meeting.

However, after processing the earlier amounts which were meant for Kadunda and their allowances, Ksh. 138,000, the Finance Director did not debit the emergency kitty account as per the earlier agreement but instead was coerced by the other officials to keep the money arguing that the ever fighting two signatories (Doghana and Dikembe) would hold them hostage financially.

On Saturday 17th March, the Secretary General called for a meeting - Chair aware - scheduled to take place on Monday 19th March, but no director attended the meeting. A day after that, a meeting convened by the Finance Director Joel Ole Nakola in his office was attended by all the directors apart from the Secretary General, Seth Dikembe. It was in this meeting that some directors (names withheld) pushed for the sharing of the Sh. 138,000, a move which was unanimously agreed upon with some saying they were yet to clear their campaign depts. The ten present officials pocketed Sh. 10,000 each leaving the kitty with Sh. 36,000 which is currently under the custody of the Finance Director after Sh. 2,000 was used to cater for the two ‘Mashoka’ victims.

Seth Dikembe is said to have rejected the idea saying that the funds were meant for other Muso activities and not for directors.

In addition, the officials have confirmed that they will be ‘taking’ the five shops in pairs including Titus Mururu who is already owning a lucrative Chips Café.

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