The money is for medical services offered to its staff and their spouses.
In a consent signed between the institution and Mediheal hospital before Justice Eric Ogola of the High Court in Eldoret, the university committed to pay Sh2 million every month until the whole amount owed is paid in full.
Justice Ogola consented to the agreement as an order of the court.
The hospital, which is owned by former Kesses MP Swarup Mishra, moved to court two years ago after the university failed to pay money owed for medical services rendered to its 3,000 staff and their spouses.
According to the court document, the university entered into an arrangement with the private hospital 10 years ago whereby its staff and spouses were to be treated at the facility.
Lawyer Aloo Romana represented the hospital in the case while lawyer Eric Liyali represented the university.
Liyali told the court his client was ready and willing to abide by the signed agreement regarding the payment of pending medical bills.
This was after Romana raised concern over failure by the university to clear the outstanding bills despite several reminders.
However, the judge intervened by telling the hospital management that they were at liberty to come back to court in the event the university defaulted on its agreement as agreed.
(edited by Amol Awuor)