MSU Wary Of Financial Loopholes

By Mark Mhukayesango

GWERU, December, 18, 2015-Midlands State University (MSU) is wary of loopholes in its financial
system in the wake of accounts personnel allegedly embezzling thousands of
dollars ,exposing deep seated irregularities in the management of
finances at the state university.
Last month MSU could not renew its Financial Director’s three year
contract due and seized her official car is signs that the university
board is unhappy with the way finances are being run.
Former Financial Director, Mamelo Moyo was in October embroiled in a
messy tender scam when she did not declare her company to the
university which was awarded tenders to supply various products to the
state institution.
Moyo was sent on forced leave pending investigations ,but could not be
reinstated to her job after it was revealed that she was signing
cheques for her company of which was the signatory, defrauding the
university of thousands of dollars.
A source who spoke to Radio VOP on condition of anonymity said Moyo
was used as a scapegoat by her seniors who were also said to be part
of the tender syndicate knowing well that the company had been
registered in Moyo’s name and her being the signatory to the
university accounts.
The source said the university council had a heated debate on Moyo’s
reinstatement ,but was sacrificed by some top councillors who were
feared an imminent audit.
“She was sacrificed by her bosses who were also part of the tender
scam. Some of the university councilors wanted to renew her contract
,but they feared being singled out as condoning as part of the scam,”
the source said.
Msu registrar Erasmus Mupfiga could not be drawn into commenting about
Moyo’s contract, but admitted that the university’s financial system
needed tightening in to reduce cases of accounts officials embezzling
funds.
“Some areas of course need to be tightened up as part and parcel of
the continuous improvement process,” Mupfiga told Radio VOP.
Mupfiga denied that some tenders were being awarded clandestinely
,saying all tenders were scrutinised by the State Procurement Board
which he says has approved its major projects like the renovation of
the Zvishavane Campus, construction of a new library at the Graduate
School of Business Leadeship , Faculty of Commerce and Law.
Msu’s accounts which receives millions of dollars from tuition fees
has been fragile to theft ,with another accounts clerk stealing
university money, but Mupfiga denied that the university’s financial
system was prone to theft.
“While it is true that an officer in the Bursar’s department stole
some money, I cannot say that the University’s financial management
systems have broken down,” said Mupfiga.
Management of finances at MSU have come under spotlight as the
university racks in millions every semester ,but has failed to build
proper learning facilities ,hence having a shortage of lecture rooms.
Boarding facilities at the university are also short of higher
education standards as eight students share a room in two of its major
hostels named China Town and Japan.
The university is still using the Gweru Teachers College library which
does not accommodate most of its student, hence the Commerce and Law
departments had to create a makeshift library at their TelOne campus.
On one end the top officials drive top of the range vehicles and stay
in leafy surbubs ,whilst students staying in Nehosho and Senga bear
the brunt of water shortages and grappling with thieves preying on
their belongings.