MPs ask the govt to train institutions on financial management

Bumula MP Jack Wanami Wamboka

Members of Parliament (MPs) have challenged the national government to offer necessary capacity-building to education institutions to effectively manage their finances and comply with regulatory requirements.

The Public Investments Committee (PIC) on Governance and Education expressed deep concern over the laxity in financial management and institutional development in several higher education institutions in the coastal region.

The committee Chair, Bumula MP Jack Wanami Wamboka, made the observation after a series of hearings revealed significant shortcomings in the institutions’ financial practices.

The lawmakers who were scrutinizing the financial records of the institutions learnt that several vice chancellors and principals had made late submissions of their financial statements to the auditors during the period under review, thus hindering the audit process.

The committee called for urgent action to address these issues including increased investment in capacity building for staff, particularly in financial management and governance.

Lunga Lunga legislator Chiforomodo Mangale called for stricter accountability measures for vice chancellors and principals who fail to meet their responsibilities.

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He emphasized the importance of taking the audit process seriously, adding that late submissions had occasioned the loss of the committee’s time and resources.

Wamboka invoked Standing Order 191 (a) against the culpable officials and called on the Ministry of Education to expeditiously address the issues raised.

 

By our reporter 

 

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