Former vice-chancellor of Kenyatta University Olive Mugenda has turned down Sh100 million retirement package proposed by the university council. The university council had proposed the package as a sign of appreciation in recognition of her impressive development record. Prof. Mugenda refused to take the package, in al letter sent to the university last Friday.
Recent reports say that the university council had decided to offer the retirement benefits after her successful 10-year tenure at the helm of the university. It is also said that Prof. Mugenda took over the Vice Chancellors seat, and did not accept the position with a retirement package in mind.
The benefits included a 10-day holiday to a country of her choice in the company of her spouse or a friend, a personal vehicle and a retirement home all estimated to cost of Sh22.5 million.
“[Prof] Mugenda is however grateful for the gesture and the support the university council has given her during her tenure,”
“Prof Mugenda wishes the staff, students and management of KU a prosperous future and believes KU will only grow bigger and better with the foundation she has laid down for it,” added the statement.
The acting vice chancellor after Prof. Mugenda is Paul Wainaina who has been the deputy vice-chancellor.