The Higher Loans Education Board (HELB) has come out in support of Education Cabinet Secretary Amina Mohamed’s announcement that the Board will seek the intervention of police officers to arrest 74,000 HELB loan defaulters.
Chief Executive Officer (CEO) Charles Ringera said defaulting to pay the loan was a criminal offence as designated under section 15 and 16 of the HELB Act.
In a report seen by Exposeke.com, the Board maintained it would use all means at their disposal to recover the loan from defaulters.
According to a statement released by HELB, the loaning agency would be endeavouring to collect KS 7.2 billion from 74,000 beneficiaries who are yet to repay.
“Default in loan repayment according to the HELB Act is a criminal offence and therefore HELB can seek the intervention of the Officer of the Director of Public Prosecutions where loanees and employers are a breach of Section 15 and 16 of the HELB Act,” said Ringera in a statement.
He said beneficiaries should learn to repay the loan to enable other students to benefit.
“The focus of the statement, however, is to promote compliance, integrity and to ensure access to funds for future loan applicants from needy backgrounds,” the CEO said.
The Board also proposed at working closely with employers to arrest defaulters who have been employed but continue to evade the responsibility of paying back.
Education CS Amina Mohamed caused a tumult on social media when she said the HELB would use law enforcing agencies to track defaulters.
A section of Kenyans especially the youth criticised the move as punitive and regressive arguing that many were unemployed.For Verified Information and News, look for EXPOSEKE.com, hit the bell button to subscribe for updates, to reach our support team, contact us here