By KPC Reporter
The Senate Committee on Labour and Social Welfare has exposed a massive pension scandal at the Technical University of Kenya (TUK), where over KSh 1.3 billion meant for retirees and employees has allegedly vanished.
The committee, chaired by Senator Richard Onyonka, summoned senior university officials to explain unauthorized withdrawals and mismanagement of pension funds dating back to 2009.
According to the committee’s findings, TUK made irregular withdrawals totaling KSh 264.9 million from a pension account held at Kenya Commercial Bank between 2009 and 2013.
Further financial missteps pushed the total loss to over KSh 1.3 billion.
“This is not just mismanagement—it’s a betrayal of trust,” said Senator Onyonka.
“People who served this institution faithfully are now suffering because of reckless and possibly criminal behavior.”
The scandal also includes failure by the university to remit statutory deductions and contributions to the pension scheme, leaving many retirees in financial distress.
Senators expressed outrage over the university’s handling of employee benefits.
Senator Esther Okenyuri called the situation “a disgrace,” adding, “How do you explain billions disappearing from a fund meant to support people in their old age? We need answers, and we need accountability.”
The committee has demanded a full audit and is pushing for criminal investigations into the matter.
University officials are expected to appear before the Senate soon to provide detailed explanations.
“This is about justice,” said Senator Onyonka.
“We will not rest until those responsible are held to account.”