February 20, 2010
By The Canadian Press
REGINA - A report says the First Nations University of Canada should become openly financially accountable and be run by people who are not in a conflict of interest.
The report by consultants Manley Begay warns without such changes the Regina-based school will not get the federal and provincial grants it needs and will have to sell its Saskatoon campus and other assets.
The report comes only weeks after the Saskatchewan and federal governments cancelled $12.5 million in annual grants to the university.
The report says the school has been facing allegations of financial mismanagement for years, but it doesn't provide details.
Earlier this month the Saskatchewan government said the school will be run by the University of Regina in the interim.
Leaders of the Federation of Saskatchewan Indian Nations, which controls First Nations University, are to meet to discuss the report next month.