Joseph King’ori Ndegwa, the lending manager at Helb, confirmed that by morning, Sh3.7 billion had been deposited into students’ accounts. He expected the full payment by the end of the dayHe called it a temporary measure to ease the students’ suffering. However, universities have not received their payments.
The government’s decision came as it awaits the outcome of an appeal against a court ruling. The court declared the new funding model unlawful. Ndegwa also explained that the disbursed money was based on the old funding model, but it seemed to be the balance Helb should have given under the quashed model.