In a statement on Tuesday, the SIU said Northlink College had approached it and informed it that it had received the funds from Nsfas between 2017 and 2021 and, instead of allocating the money to students, it “invested it without authorisation”
City Press reported in February that SIU head Andy Mothibi told Parliament’s standing committee on public accounts that the unit had referred 50 cases to the National Prosecuting Authority related to the corruption it had uncovered at the college. Photo: City PressNorthlink College invested over R33 million from the National Student Financial Aid Scheme , instead of funding students – as the funds were intended.
In a statement on Tuesday, the SIU said the college had approached it and informed it that it had received the funds from Nsfas between 2017 and 2021 and, instead of allocating the money to students, it “invested it without authorisation”.In August, the SIU announced a proclamation to probe corruption and maladministration at the scheme and recover any financial loss by the state through corruption and maladministration.
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