Johannesburg - The Walter Sisulu University on Wednesday confirmed it was investigating how R14 million accidentally deposited into a student's account went unnoticed for five months.
This after reports emerged of a student living lavishly after accidentally receiving R14 million into her National Student Financial Aid Scheme (NSFAS) account about five months ago.
A receipt showing the whopping amount has since made its way to social media, prompting an investigation into the matter.
Walter Sisulu spokesperson Yonela Tukwayo responded to the report, confirming the accidental deposit.
"It is true that R14 million was deposited into a student's IntelliCard account. This happened approximately five months ago but was only brought to our attention this week by another student who saw social media posts.
"The student is reported to have been living lavishly on campus and buying expensive clothes. The card has since been blocked."
Tukwayo confirmed that the student had spent roughly R500 000 and would be liable to repay the amount.
Please ask babes wodumo to delete the link of sending 1 student 14 million.. pic.twitter.com/mv1oH0og23
— Akani_mugwabana (@Akani72435190) August 30, 2017
Furthermore, an investigation has been launched in order to understand how the student was able to buy expensive clothes when there was a restriction on stores students using IntelliCards are able to purchase from.
"We'll also have a meeting with the IntelliMali [the company responsible for making payments] team to find out why this error was not picked up within the first month," she said