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Mr. Magambo will be replaced by Prof Charity Gichuki in an acting capacity.
Speaking after a meeting at the institution, Ms Mohamed said: "The first decision that was made was to allow Prof Magambo to proceed on leave pending the expiry of his contract in June 2018".
Amb Mohamed mentioned that the University's Counsil was working to ensure that studies resume promptly.
Njoroge, who was the Student's Secretary General, was allegedly shot dead by police officers during a chaotic demonstration at the institution.
More to follow.