A student at Walter Sisulu University appeared in the East London Magistrate’s Court on Tuesday after she accidentally received R14.1m from the National Student Financial Aid Scheme (NSFAS) in June 2017. Sibongile Mani was arrested on Tuesday morning by the Serious Commercial Crimes Unit after having been asked to hand herself over at the Hawks’ Eastern Cape provincial office in East London. It is alleged that during June last year‚ Mani inadvertently received millions from the NSFAS‚ and spent just more than R810‚000 of it on personal items over a period of three months. The anomaly was only detected by the scheme three months after the money was transferred.
The company tasked with the administration of NSFAS’s food and book allowances‚ IntelliMali‚ indicated at the time that they would lay charges. From June 1 2017‚ when the money from the NSFAS mistakenly landed in her account‚ Mani‚ a second-year accountancy student‚ spent an average of R11‚000 a day, on expensive weaves,...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.