The Higher Education Students Loans Board (HESLB) will soon start to trace thousands of defaulters to recover Sh285 billion in unpaid loans.
HESLB director general Abdul-razaq Badru said at a press conference yesterday that the exercise would last three months and would target all debtors who were granted loans since the 1994/95 academic year when the board started operations.
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He added that the law gave HESLB powers to conduct payroll audits and that it was a punishable offence for anyone to prevent such an audit.
“We have already notified our officials at zonal offices in Mwanza, Arusha, Dodoma and Zanzibar to conduct similar inspections in their respective regions to make sure that this work is done efficiently,” said Mr Badru.