Home Education Motheo College Commits to Repaying NSFAS Funds in Landmark Agreement

Motheo College Commits to Repaying NSFAS Funds in Landmark Agreement

by Central News Reporter
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Motheo College

Motheo College

Motheo Technical Vocational Education and Training (TVET) college in the Free State has reached an Acknowledgement of Debt (AoD) agreement with the Special Investigating Unit (SIU) regarding the National Student Financial Aid Scheme (NSFAS) investigation.

SIU

SIU

Under this agreement, Motheo College has committed to repaying R38,686,477.10 to NSFAS. These funds are unallocated amounts from 2017 to 2022.

The unallocated funds refer to money that was originally intended for students who qualified for financial aid but either transferred to other institutions or withdrew from their studies. These funds were supposed to be returned to NSFAS at the end of the designated period but remained in the possession of Motheo College for a year.

To fulfill its repayment obligation, Motheo TVET College has agreed to a monthly installment of R855,679.91 over a period of 60 months. This marks the first AoD agreement that the SIU has signed with an institution of higher learning as part of its investigation.

The SIU, recognizing the importance of restitution in these matters, is urging other higher learning institutions to come forward and repay unallocated funds owed to NSFAS. Thus far, the SIU has successfully recovered over R421.3 million from institutions of higher learning.

Preliminary findings from the SIU’s investigation indicate that more than R5 billion in NSFAS funds may have been allocated to students who did not meet the eligibility criteria for financial aid.

Under Proclamation R88 of 2022, the SIU has been granted authority to investigate allegations of corruption and maladministration within NSFAS, as well as to recover financial losses incurred by the state due to corruption and negligence.

To rectify any improper practices uncovered, the SIU is empowered to initiate civil action in the High Court or Special Tribunal, specifically targeting instances of corruption, fraud, and maladministration.

In adherence to the Special Investigating Units and Special Tribunals Act 74 of 1996, the SIU will refer any evidence of criminal conduct that arises during its investigations to the National Prosecuting Authority (NPA) for further prosecution.

Through this landmark agreement and ongoing investigations, the SIU and Motheo College are demonstrating their commitment to accountability, transparency, and the responsible allocation of funds in the higher education sector.

 


 

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