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Police probing R14m WSU payment bungle

The service provider which deals with the allocation of student funds at Walter Sisulu University laid a theft complaint with police.

A receipt from a grocery store showing a balance on a Walter Sisulu University student's account of more than R13 million. Picture: Supplied.

CAPE TOWN - Police have launched an investigation after a young woman was mistakenly paid R14 million in financial aid by the Walter Sisulu University.

The money was erroneously deposited into a student's account several months back.

The service provider which deals with the allocation of student funds at the institution laid a theft complaint with police.

The police’s Mirinda Mills says: “The case has been assigned and the normal investigation procedures will now commence.”

Meanwhile, last week Higher Education Minister Blade Nzimande said that an employee responsible for mistakenly depositing over R14 million to a student's financial aid account must be held to account.

Funding admin company IntelliMali has indicated that it will be laying charges against the student for failing to report the bungle.

However, Nzimande says that the student shouldn’t be the only one held to account.

Nzimande went on to question why some universities use service providers to manage public funds.

Nzimande added that he’s asked for reports from both Nsfas and the WSU on the erroneous multimillion-rand deposit into a student’s financial aid account.

(Edited by Zamangwane Shange)