Kiambu Technical College Trustees in sh58m bank loan saga – Weekly Citizen

Senate committee on education will recommend Ethics and Anti-Corruption Commission or Directorate of Criminal Investigation to arrest those involved in graft at Kiambu Technical College.
In 2014, the board of trustees allegedly used assets belonging to Kist and acquired Sh158 million from bank which they used for own personal investments.
The trustees are Allan Ngugi, Kimani Mathu, Jean Muhoho, Patterson Kamaara, Joseph Thairu and Judy Kariuki.
The trustees are the custodians of the 192-acre Kist land.
Caught in the saga is a bank that is now the custodian of the land title used as collateral. Kist pays Sh10.9 million per term to the bank.
It is said that the money did not get to Kist and the trustees cannot account for it.
The assets under trustees management that has left out Kist board of governors chaired by Josiah Kiariu include 51 staff houses that are being rented out. Non staff pay a three-bedroomed house rented at Sh32,000 while a two-bedroomed goes for Sh25,000.
Staff members in three-bed roomed house pay Sh18,000 from the original Sh9,000. For the rent, trustees get Sh832,000 per month.
The trustees have further refused to return part of the land to BOG that led to Kist loss Sh2 billion from German Development Cooperation.

Under Kenya-German Technical Industrial Vocational and Entrepreneurship Training, Kist was to benefit in infrastructure development.
The BOG runs the academic side of Kist while trustees manage assists. Trustees have refused to surrender the land title and assets to BOG.
Kiambu county assembly planning committee led Hezron Gachui, MCA Riabai has unearthed trustees who are in charge of 192 acres the college used to sign loan documents and used assets to loot the institution.
Senate education committee has Sam Ongeri of Kisii, Christopher Langat, Bomet, Isaac Mwaura, nominated among others.
At one time, cabinet Secretaries Fred Matiang’i then at Education docket, Faridah Karoney, Lands recommended 192 acres be surrendered to Kist by trustees but it has never happened to date.