Sibongile Mani Arrested For Whopping NSFAS R14.1-million

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Former university student who accidentally  received R14m  from National Student Financial Aid Scheme (NFAS) payout has being charged with theft and corruption.

Sibongile Mani, a 28-year-old accounting student at Walter Sisulu University in East London who accidentally received R14m from the NSFAS and went on a spending spree in 2017,  appeared in the East London Magistrate’s Court on Tuesday morning.

Mani was arrested by the Serious Commercial Crimes Unit after she was asked to hand herself over at the Hawks’ Eastern Cape provincial office in East London.  It is alleged after receiving illegally millions From NSFAS, Mani went on spending spree of almost R11,000 a per day.

Three months later when the scheme detected, Mani had already spend just over R810‚000 on personal items. News24 last year detailed how Mani, who studied accountancy at WSU, spent the money hosting parties for her friends, buying Peruvian wigs,  designer clothes, handbags and expensive smartphones. During this time, her grandmother who raised her continued living in poverty.

Mqhayi had told Timeslive that suspicions grew after a receipt from Spar was leaked showing a balance of just over R13.6-million. Mani was released on a warning and is expected to appear in court again on July 2.