A special audit team from the University of the West Indies (UWI) has unearthed a major corruption ring within the University of Guyana (UG), implicating senior functionaries and staff of the institution.
The audit team was invited to conduct investigations into the finances of the UG by the recently appointed Vice Chancellor (VC), Dr. Jacob Opadeyi.
In response to queries by iNews through an email, Dr. Opadeyi confirmed that the audit team is still conducting its investigations and that a report is due to be submitted in September.
However, Dr. Opadeyi did not disclose the details of the corruption. iNews understands that the audit team discovered major sales of examination papers on the campus along with the misuse of funds within the institution.
According to reports, the audit team found that monies which were allocated to the UG was instead diverted and used for other purposes.
The UG is currently cash strapped and is on the brink of collapse. Only recently the University’s Senior Staff Association staged several protest action over their wages and salaries and expressed their disappointment in what they described as the “poor performance” of the new VC.
The association made it clear that they are not happy with the new VC.