NSFAS Addresses R5 Billion Payment Allegations

NSFAS Addresses R5 Billion Payment Allegations. The National Student Financial Aid Scheme from scandals. In 2017 NSFAS accidentally transferred R14 Million into a Walter Sisulu University student’s account.

This year again applications are open, and scandals also have come up. It has been alleged that NSFAS has made a payment of R5 Billion into a student’s account. Social media went abuzz after the news broke out, dragging NSFAS for mismanaging funds.

Responding to the allegations, NSFAS cleared their name and denied ever crediting any student that amount of money. They released a statement distancing themselves from the allegations.

NSFAS STATEMENT OF ALLEGATIONS OF R5BILL PAYMENT. NSFAS became aware of a trend on social media alleging the scheme had paid R5bill into a student’s account.This allegation is not true, & we can confirm that NSFAS did not make any payment amounting to R5 billion to any student.”

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