Exposé: How Corruption and Wanton THEFT at Moi University Happened in collusion with National Bank

Exposé: How Corruption and Wanton THEFT at Moi University Happened

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Moi University- A damning scheme allegedly orchestrated by Moi University Deputy Vice Chancellor (DVC) of Finance, Prof. Daniel Tarus, and the National Bank of Kenya (NBK), has brought the institution’s financial mismanagement into sharp focus. Insider accounts and documents reveal a coordinated effort to siphon millions from university funds, leaving the institution on the brink of financial collapse.

The Fraudulent Operation

The scheme revolved around the Moi University Nairobi Campus Staff Welfare Association account, held at NBK’s Moi Avenue branch. Tuition fees paid by students via banker’s cheques were deposited into this welfare account instead of university accounts. The funds were then allegedly redistributed among complicit staff and NBK officials, with millions if not billions being misappropriated.

They used account number 01241014344700 to commit fraudulent activities. The A/C was initially opened by officials of Moi University Nairobi Staff Welfare Association for the groups banking activities; the account however hijacked by some clever senior university officials who had seen a loophole in which they could utilize to make a quick buck.

The university officials roped in NBK Moi avenue manager who in turn recruited his trusted bank tellers to do the job. The University staff would on receipt of banker’s cheques paid as student tuition and drawn in the name of Moi University deposit the same on the of Moi University Nairobi Campus Staff Welfare Association’s account.

As soon as the money reflected on the account, the team would share it out among individuals from the Moi University, the Welfare group and National bank. Prof. Tarus was on several occasions made aware of the illegal transactions taking place, he instead ordered the finance and IT departments to harmonize and put their records to indicate that students whose tuition cheques the university had received from various CDF offices or Parents/Guardians owed no money to the institution.

Parking fees from proceeds from a portion of land owned by the university sandwiched between Laico Regency hotel and Utalii House in Nairobi has never been accounted for, the information remains classified and the only people who know where the money from is banked and how it is used are DVC finance and his counterpart in Nairobi Mr Malakwen.

Reports suggest that Prof. Tarus directed finance and IT staff to falsify student records, erasing any evidence of unpaid fees and concealing the fraud. This manipulation not only violated trust but severely impacted the institution’s financial integrity.

Exposé: How Corruption and Wanton THEFT at Moi University Happened

Missing Parking Fees

Compounding the scandal, parking fees collected from a prime plot in Nairobi’s central business district—owned by Moi University—remain unaccounted for. These funds, reportedly under the control of Prof. Tarus and Dr. Bernard K. Malakwen, Acting Nairobi Campus Director, add another layer to the web of misappropriation.

Calls for Accountability

Outraged stakeholders are urging Kenya’s DCI and DPP to investigate and prosecute the individuals involved. Among those implicated are:

Prof. Daniel Tarus (DVC Finance)
Dr. Bernard K. Malakwen (Acting Nairobi Campus Director)
Senior officials from NBK’s Moi Avenue branch

The alleged collusion has left Moi University’s financial stability in tatters, with the institution unable to meet critical obligations. The scandal also raises questions about NBK’s internal controls, as trusted tellers and branch managers were reportedly complicit in the fraudulent activities.

A Crisis of Integrity

This saga highlights the urgent need for reforms within Moi University and greater oversight of public institutions. Stakeholders demand that those responsible be held to account to restore public confidence and ensure the university fulfills its mission as a center of learning and research.

The spotlight now falls on law enforcement and judicial agencies to act swiftly and decisively. Will justice prevail, or will this be another case swept under the rug? Time will tell, but the urgency to act is undeniable.

The Fraudulent Operation

Missing Parking Fees

Calls for Accountability

A Crisis of Integrity

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