The board entrusted law firm Werksmans Attorneys with probing irregularities in the appointment of four companies that were chosen by suspended CEO Andile Nongogo to pay allowances to Nsfas beneficiaries.
Nsfas failed to provide the names of the service providers. Also, presenters claimed that the monthly fee for student accounts had been reduced from R89 to R12, an 86% decrease
The Organisation Undoing Tax Abuse (Outa) claims four companies contracted by the National Student Financial Aid Scheme (Nsfas) to pay allowances to students' bank accounts directly are not registered financial service providers.