Nsfas denies R5bn ‘mispayment’
The National Student Financial Aid Scheme (Nsfas) has dismissed allegations that it mistakenly paid R5 billion into a student’s account.
On Monday a notification purportedly from a local bank circulated on social media showing a transfer of R5 billion into unknown student's account.
In a statement, Nsfas says no such transactions have been reported in their bank accounts.
"We would like to state that the allegations are not true, and confirm no such movements in our bank accounts. NSFAS did not make payment of R5 billion to any of its students."
👀NSFAS has allegedly deposited 5 Billion into one student's account.#NSFAS pic.twitter.com/F2ppU59NzB
— Student Spaza (@StudentSpaza) February 10, 2020
This is not the first time Nsfas has been embroiled in a scandal of this nature.
In 2017, the financial aid scheme erroneously paid R14 million to Walter Sisulu University (WSU) student Sibongile Mani.
Mani should have received R1 400 as a recipient of a NSFAS food allowance, but received R14.1m instead.
Nsfas says measures have since been put in place to prevent similar occurrences.
"We have controls in place to prevent such from happening."
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