According to the audit report released on August 6, 2020 many financial malfeasance has been perpetuated by some individuals in the previous Administration of the University.
The persons involved have been asked in a recommendation in the audit report to refund the monies or be prosecuted .
The Council Chairman of the University, Prof. Samuel Nana Obeng Apori on Saturday September during the 16th Congregation and Investiture of the new Vice Chancellor of the University explained that the perpetrators are not being shielded.
“There is Information about allegation of fraud in Koforidua Technical University amounting to One Million Ghana cedis . Generally, the perception is that the alleged offenders are being shield.
Let me inform everybody that there is a special audit report on the alleged fraud. The actual amount involved was Ghc620,457.73 he said.
Adding that the report was audited by the Audit Service of Ghana and dated August 6th 2020. This should put to rest all speculations as recommendations as in the report are strictly being adhered to.