Peter Mwin Zumah, the Students Representative Council President of the University of Professional Studies, Accra (UPSA) has reportedly been suspended indefinitely for allegedly embezzling student funds and moreover failing to render proper accounts on how he used the 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.
Suspended Peter Peter Mwin Zumah, was expected to appear before the SRC General Assembly on Monday to give answers on claims that his office had misappropriated funds, however, Peter Mwin Zumah failed to show up.
On account of his rude attitude towards the management, the General Assembly on Monday, February 24 announced his suspension.
According to an Independent Audit Report released last week, the financial statement prepared by the Executive Council, in all material respect does not give a corresponding and fair view of the financial position of the Studentsâ Representative Council (SRC) as at the end of the first semester of the 2019/2020 academic year.â
For some of the offices, the auditor noted that there was âlack of source documents for some expenditure related transaction making it difficult to obtain evidence about the authenticity of the expenditureâ
The report accused the SRC President, Peter MwinZumah, of writing cheques when he was unauthorized to do so.
âA 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 canceled yet the canceled cheque cannot be found and these cheques were both written by an unauthorized officer, the President,â a part of the report says.
âAn amount ofÂ GHC 25,000 handled by the President which was used inÂ organizing a project work trainingÂ 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,â the reports add.
Peter MwinZumah denies allegations
In an interview monitored by Websaet.com, Peter Mwin Zumah denied claims that his office had embezzled funds.
According to the suspended SRC President, he had approval from the General Assembly (GA) before using the money.
âThere 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 doesnât mean that funds have been misappropriated,â Peter MwinZumah stated
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.
âThere 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,â he added.