Skip to main content

UPSA SRC President suspended over failure to render proper financial accounts

MwinZumah SRC President UPSA 
The Students Representative Council President of the University of Professional Studies, Accra (UPSA) has reportedly been indefinitely suspended over his failure to give a proper account of how he used some student funds.


UPSA SRC President, Peter MwinZumah, was expected to appear before the SRC General Assembly on Monday to answer questions on allegations that his office had misappropriated funds, but he failed to show up.

This led the General Assembly to, on Monday, February 24, move a motion for his suspension over his attitude towards the legislative body.

According to an Independent Audit Report, which was released last week, “the financial statement prepared by the Executive Council, in all material respect does not give a true and fair view of the financial position of the Students’ Representative Council (SRC) as at the end of the first semester of the 2019/2020 academic year.”

For some of the offices, the auditor noted that there was “lack of source documents for some expenditure related transaction making it difficult to obtain evidence about the authenticity of the expenditure”

The report accused the SRC President, Peter MwinZumah, of writing cheques when he was unauthorized to do so.

“A cheque of GHC 1,525 has been written twice. Two cheques were written for one payment voucher for the same expenditure. A further investigation showed that one of the cheques was cancelled yet the cancelled cheque cannot be found and these cheques were both written by an unauthorized officer, the President,” a part of the report says.


“An amount of GHC 25,000 handled by the President which was used in organizing a project work training or seminar for final year student has been signed, approved and spent. However, there are no source documents for this transaction. The auditors cannot verify what this amount was spent on and whether or not the full amount was spent,” the reports add.
Peter MwinZumah denies allegations

In an earlier interview with the UPSA SRC President, he denied allegations that his office had misappropriated funds.
He said that he had approval from the General Assembly before using the money.

“There is no misappropriation anywhere. Before money goes out of the SRC coffers, it goes through the General Assembly. What this means is that the members are aware of every expense of the SRC. 

It is not as though someone went back to sign anything, we followed due processes. The fact that some do not like the programs doesn’t mean that funds have been misappropriated,” Peter MwinZumah told UniversNews
Peter MwinZumah insists that the Executive Council of the SRC has done nothing wrong in its expenditure as it respects the standards that the school has set for it.

“There is no issue at hand. All these are just hearsays. There is nothing that the Executive Council is doing wrong because of the standards of UPSA. We respect the standards of UPSA and we respect professionalism and we are going to ensure that we follow due processes and do due diligence. We are not scared of accountability,” he added.

Source: univers.com 
Labels:

Comments

Post a Comment

Popular posts from this blog

Boresah Royal Foundation Donates Learning Materials to Gbogdaa Methodist JHS

Boresah Royal Foundation has extended a generous hand to the Gbogdaa Methodist Junior High School in the Bole District of the Savannah Region by donating learning materials. The items included: Note books, pencils, pens, napkins, board markers among others. The donation of vital learning materials, led by a dedicated teacher, Issahaku Osman, known affectionately as "Champion," brought smiles and gratitude to the young students who had been struggling with limited resources. The gesture is part of the foundation’s broader mission to improve the quality of education in rural areas. The excitement among the students was palpable as they received the supplies that will enhance their learning experience. Many expressed their deep appreciation to the foundation and to Osman for spearheading the initiative. For these children, the donation represents more than just books and supplies—it symbolizes hope for a better educational future. Queen Boresah Fantevie, Executive Directo...
Post a Comment
Read more
IN A POLITICAL SPHERE FULL OF UNCERTAINTIES: THE ONLY SURE THING IS “ONLY GOD CAN JUDGE INTENTIONS...By  YAKUBU HUSEIN PUMAYA YAKUBU HUSEIN PUMAYA As a fresher, I got attracted to any aspirant who was bold enough to speak to me. In my mind, the best form of bravery was the ability to speak to strangers; that was what I considered to be the hallmark of a true leader. If more than one aspirant spoke to me, I considered the one who was more fluent to be the best candidate. In effect, my opinion of whom a good leader is, was based on his/her ability to speak good English.  When I was a fresher, I remember telling one of my seniors that I thought a particular candidate was going to win. He asked me why, and I answered proudly, “because he was the first to come to my class and he spoke perfect English”. He laughed at me and said, “Small boys are young”.  After 3 years on campus, it has become clear that I was indeed small and young. I have learnt that ...
7 comments
Read more
RAMADAN FAREWELL MESSAGE FROM THE CEO OF GLOBAL MUSLIMAH YOUTH ORGANIZATION Taiba Deishinah Shaibu Taiba Deishinah Shaibu Respected brothers and sisters in Islam, I greet you all with the best of greetings and the greetings of (Al Jannah) heaven assalamu alaikum warahmatullah wabarakatuhu. Just some few weeks ago, Allah favored us among those who witnessed this blessed month of Ramadan and the least we can say is Alhamdulillahi, because there were others who were in full anticipation with us for this holy month but we fail to count them amongst the living. With this big favor alone from our Lord and the Lord of the world we praise Him. Subhaanallah! Even though this blessed month was observed amidst the severe pandemic of our generation; Covid 19 but Muslims around the globe never gave it up maa shaa Allah. May Allah safeguard us from this deadly disease. Several mysterious things occurred, and among them are, Mosques closed for the first time in our history, visiti...
2 comments
Read more