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WSU: NO PUBLIC FUNDS WERE LOST
Forensic investigators appointed in R14m saga
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EDITOR: BETTIE GILIOMEE
TOne 80 wastes no time
REPORTER
with her studies. . IntelliMali has opened a case of theft against HE National Student Financial Aid the student and is cooperating with law enforceScheme (NSFAS), Walter Sisulu Universi- ment authorities in their investigation. ty (WSU) and IntelliMali recently met to . No other student at WSU has been affected decide on a way forward regarding the R14 mil- by this error and all remaining student allowanlion deposit saga. ces will continue to be managed efficiently by IntelliMali. The three parties agreed on the following mat“When IntelliMali receives an upload via ters: no public funds were lost in the unfortunate email, the allowances are checked by the upprocess that led to the R14 loads team who are dedicated million error and the to this task within the compaR818 000 that was subseny. Once all the checks have quently misappropriated by been completed, the allowanthe student. ces are uploaded by a separate Preliminary investigateam in the finance departtions by the service provider ment. have established that these “These allowances are in funds belonged to the unithe form of a ‘credit’ and no versity and not NSFAS as inmoney is deposited into a itially believed. IntelliMali bank account or given to a stuhas reimbursed WSU the full Sibongile Mani, a secondyear dent in the form of cash. The amount misappropriated by student from Walter Sisulu allowance is only made availthe student from its own University mistakenly received a able within our ‘closed-loop’ sum of R14 million instead of a company finances. system environment,” said WSU vice chancellor, Pro- monthly R1 400 for groceries and IntelliMali CEO Michael Anfessor Rob Midgley, ex- books. sell. PHOTO: LULAMA ZENZILE pressed gratitude that Intel. IntelliMali, NSFAS and liMali has taken full responsibility for the error WSU believe that the forensic investigation is and took steps to reimburse the R818 000 loss. the only way to get to the bottom of the matter Following preliminary assessments, NSFAS and have committed to participating fully with and WSU confirmed that no employee on either the process. Upon the conclusion of investigapart, had been found to have been involved in tion, the parties have committed to implementthe erroneous crediting of the R14.1 million into ing the findings and will share them with all the the student’s IntelliCard account. IntelliMalli relevant stakeholders. has appointed a credible audit firm to institute All the parties have agreed that no further mea forensic investigation into the matter. dia engagements regarding this matter will take No steps have been taken by WSU against the place to allow all the investigations to conclude. student. The university has opted to await the New information will be communicated when outcomes of the forensic investigation before the outcomes of the forensic investigation are considering any further steps. available. The university is also providing counselling Commitment is made by all to account to Parto the student to ensure that she can continue liament should they be called upon to do so.
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