Kenya’s Universities Academic Staff Union (UASU) has threatened to go to court if the ministry of education does not take immediate action against the higher learning institutions in the country that are reported to be deducting from their employees’ salaries illegally without remitting deductions to the relevant institutions. Last month the ministry of education released an audit report showing that some public universities in the country were deducting billions of shillings from their employees' salaries and not regularly remitting the money to relevant agencies. The amount the institutions have been deducting illegally from the employees’ salaries is alleged to total approximately US$100 million.

Amid a period of growth for the higher and further education sectors, with some institutions investing millions of pounds in new building projects and developments, officers want to highlight how organizations can be left vulnerable to the risk of money laundering, fraud, and cybercrime. Institutions also have a duty to ensure that workers in the supply chain are not being exploited as victims of human trafficking.

A recent report by the Socio-Economic Rights and Accountability Project (SERAP) has unearthed the rot in many of Nigeria’s higher institutions, highlighting an intricate collusion among staff, students and other stakeholders. In the report titled, ‘Stealing the future: How federal universities in Nigeria have been stripped apart by corruption’, SERAP claimed that many allegations of corruption in federal universities – such as unfair allocation of grades; contract inflation; truncation of staff’s salary on the payroll; employment of unqualified staff; examination malpractice; sexual harassment; and issuance of results for expelled student to graduate have not been thoroughly investigated.

Elite universities in the United States and the United Kingdom have been investing endowment funds offshore in order to pay little or no tax, according to details revealed in the so-called Paradise Papers. According to the student run Fossil Free Pitt Coalition “We are concerned about the lack of transparency, as two-thirds of the endowment is just a mystery to us. We are suspicious about where that huge segment of the endowment is going.” An emeritus professor in accounting at the University of Essex, told the newspaper that UK universities should be more transparent about their investment decisions, since they are public institutions that receive public money, including from the European Union.

Kenya’s universities have been ordered to publish regular financial performance reports as part of sweeping regulations which take effect this year, aimed at lifting the veil of secrecy that has shrouded institutions’ financial status and effectively put millions of dollars at risk. Currently, the publication of financial performance for public universities takes as many as four years, a situation that has seen most institutions drift into financial problems. In addition, none of the private universities in the country has ever made public their financials despite their handling millions of dollars in student funds annually.

University officials have been accused of misleading an Oireachtas committee over the way they run their financial affairs. Senior officials from colleges including University of Limerick, DIT and University College Cork appeared before the Dáil’s Public Accounts Committee on Thursday to answer allegations over unauthorised severance packages, conflicts of interest and poor corporate governance. In one episode, officials at the university of Limerik paid severance packages to two staff due to ‘employment relationships breaking down’, but then went on to re-employ both individuals as consultants.

University officials at Hong Kong Polytechnic University – a publicly funded institution – have been scrambling to explain its use of companies registered in secretive offshore tax havens, after revelations in the Panama Papers that it set up two companies offshore to channel funds. The university, known locally as PolyU, had not declared in any of its financial reports that it set up two companies in the British Virgin Islands in 2012 and 2013 as wholly owned subsidiaries of the university, raising questions about its financial transparency and reporting.

The financial management of the elite Institute of Political Studies in Paris has been strongly criticized in an official report that found evidence of exorbitant bonuses, absence of controls and waste of public funds. The report revealed a chaotic management that consisted more of "little deals between friends than a serious administration of public funds".

Investigations into alleged misuse of Dutch government funds at Uganda's main university are deepening. The vice chancellor of Kampala's Makerere University is being questioned about 810,000 euros reported missing. And it's not the first time the top academic administrator is quizzed about where money has gone.