The Egerton University Department of Finance has raised an alarm over huge sums of money totaling Sh 13.5M that has been deposited to the university’s bank accounts from 2015 by an unidentified individual.
An October 27th memo lists 895 entries relating to the funds deposited into the accounts, which the institution claims it does not know the purpose of the deposits. Even though the list has named the depositors, the customer numbers are ‘unidentified’.
The deposits were made between 2015 and this year.
”Attached is a list of 895 entries relating to funds deposited into the various university bank accounts and whose depositors and purposes for the deposits have been difficult to identify. Please check and come forward with supporting evidence if you made the deposits in order to enable us to update our records accordingly,” reads part of memo claiming Egerton University’s finance system cannot identify the individuals.
Following this revelation, the institution is now calling on whoever made the deposits to come forward and provide supporting evidence to enable it to update its records.