Zuko Komisa
Acknowledgment of Debt (AoD) agreements have been signed by 421 students who were ineligible for funding through the National Student Financial Aid Scheme (NSFAS) by the Special Investigating Unit (SIU).
“In addition to the AoDs, the SIU has made progress in recovering unallocated funds with the University of Fort Hare being the latest university to pay back unallocated funds of R277 666 450. This brings the total of recoveries to R1 165 887 062,”
“The SIU is urging unqualified NSFAS beneficiaries who have not been in contact with the unit to come forward and arrange for repayment, the SIU is empowered to institute a civil action in the High Court or a Special Tribunal in its name, to correct any wrongdoing uncovered during both investigations caused by acts of corruption, fraud, or maladministration.
“In line with the Special Investigating Units and Special Tribunals Act 74 of 1996, the SIU will refer any evidence pointing to criminal conduct it uncovers to the National Prosecuting Authority (NPA) for further action,”
SIU Spokesperson Kaizer Kganyago
According to SIU Spokesperson Kaizer Kganyago, the AoD is worth R112 174,825,97 in total.
Kganyago pointed out that the SIU is authorized by Proclamation R88 of 2022 to look into claims of maladministration and corruption in NSFAS affairs as well as to collect any monetary losses the State may have incurred as a result of carelessness and corruption.
The Special Investigating Unit (SIU) has signed Acknowledgement of Debt (AoD) agreements with 421 students who did not qualify to be funded by the National Student Financial Aid Scheme (NSFAS). The total value of these AoDs amounts to R112 174 825,97. pic.twitter.com/G2r3xOw5Ft
— Special Investigating Unit (SIU) (@RSASIU) July 18, 2024
According to a SIU investigation, NSFAS neglected to plan and put measures in place to guarantee an annual reconciliation between the money given to higher education institutions and the money given to students.
• West Coast College- R5 057 679.00
• Northlink College- R33 369 404.97
• Walter Sisulu University- R19 900 174.00
• Nkangala TVET- R342 672.50
• University of Mpumalanga- R33 668 138.19
• University of Zululand- R58 088 144.65
• University of Fort Hare- R277 666 450.00
• University of Pretoria- R400 000 000.00
• Majuba TVET College- R25 902 309.31
• University of Johannesburg- R311 892 088.94
Written by: Zuko
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