The Special Investigations Unit (SIU) is expected to launch an investigation into allegations of corruption and mismanagement in the National Student Financial Aid Scheme (NSFAS).

This comes after President Cyril Ramaphosa signed a declaration giving the anti-corruption unit the power to investigate NSFAS.

The investigation is expected to cover the period from April 2016 to August this year, but may also include any period relevant to the investigation.

SIU spokesman Kaiser Kganyaga said the investigation would look at two functions of the organisation.

“The first part will look at the management of NSFAS finances. The second part will examine the distribution of loans, bursaries and any other funding paid to students under the provisions of the National Student Financial Aid Scheme Act 1999, Act No. 56 of 1999.

“Furthermore, the SIU will also investigate related unauthorized, irregular or wasteful and wasteful expenditure incurred by NSFAS or the State, including the causes of mismanagement,” he said.

Kganyago added that the conduct of officials will also be closely monitored.

“The SIU will also investigate any illegal or improper conduct by NSFAS staff or officials or relevant service providers, their employees or any other person or entity,” he said.

The SIU will also seek to recover any money lost to the State as a result of any wrongdoing at NSFAS.

“The SIU has the power to bring a civil action in the High Court or a special tribunal on its behalf to remedy any wrongdoing found in both investigations caused by acts of corruption, fraud or mismanagement.

“In accordance with the Special Investigation Units and Special Tribunals Act 74 of 1996, the SIU will forward any evidence of criminal activity uncovered to the National Prosecuting Authority (NPA) for further action,” Kganyaga said. –

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