The National Student Financial Scheme has distanced itself from the prosecution of Sibongile Mani, the so-called millionaire scholar who used to be sentenced to 5 years in the back of bars after being convicted of fraud.
The National Student Financial Scheme (NSFAS) has distanced itself from the prosecution of Sibongile Mani, the so-called millionaire scholar who was once sentenced to 5 years at the back of bars after being convicted of fraud.
Earlier this week, nearly 5 years on from the incident, Mani used to be sentenced to 5 years at the back of bars after being convicted of fraud.
In a statement, NSFAS declared that they did now not institute any crook court cases towards Mani as there was once no groundwork for them to do so. NSFAS spokesperon, Kagisho Mamabolo, added, “It was once these who had been concerned about their R800k who because of this took her to court. They have their very own motives for doing so”.
They brought that the scheme did now not go through any monetary loss due to the incident.
“NSFAS had, when the incident got here to light, commissioned an interior audit assessment of its structures and controls, and verified that certainly no monetary loss used to be suffered. The consequence of this overview is on record,” stated the scheme.
NSFAS stated that Intellimali used to be the solely entity that suffered economic loss associated to the incident. This in accordance to the scheme was once due to the weak spot in Intellimali’s controls and structures that led to this misguided fee of Mani.
Intellimali, a provider issuer to the Walter Sisulu University used for the distribution of NSFAS allowances, had paid an quantity of R14 million into Mani’s account in 2017. She was once solely supposed to acquire R1400. Mani spent round R800 000.
NSFAS says the incident resulted in reputational injury to the scheme which they consider was once brought about through inaccurate reporting by way of the media and Parliament.