Higher Educations Loans Board Chief Executive Officer Charles Ringera has broken silence on delayed disbursement of funds to Moi University students, stating that the board has no money.

Speaking to a local daily, Ringera noted that the students will have to wait as HELB sources for funds to disburse to them.

Ringera argued that the Covid-19 situation has reduced the agency’s collection, adding that treasury is also yet to disburse funds to the Board, therefore making it difficult for it to pay the students.

According to him, HELB needs Sh15.5 billion to be disbursed to over half a million University and college students across the country.

“Things are not good. We are waiting for funding from the Exchequer and our collections are not quite good because of the Covid-19 situation. The students will have to be patient and bear with the situation,” said Ringera.

“We were in parliament on Wednesday and we hope things will work out,” he added.

Meanwhile, Moi University students have taken to the streets demonstrating over the delayed disbursement.

According to one of the university’s student leaders, the comrades are starving and unable to cater for their basic needs.

“We have decided to picket on the streets because our efforts to resolve this matter internally has not succeeded. We will remain on the streets until our cries are heard by those concerned,” the student leader identified as Felix Kwemoi said.