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South African Student On Spending Spree As Her Bank Account Gets $1m In Error - Business - Nairaland

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South African Student On Spending Spree As Her Bank Account Gets $1m In Error by just2endowed: 5:44pm On Aug 30, 2017


A South African university student’s spending spree on clothes, a party and a new smartphone slammed to a halt after it emerged that the roughly $1m fuelling her splurge had been given to her in error.

A company that hands out student funding accidentally transferred 14 million rand into the young woman’s account, instead of the 1,400-rand ($107) monthly food allowance she was supposed to get, officials said Wednesday.

The Walter Sisulu University, in the Eastern Cape region, said the whopping error was made in June during monthly disbursement of state-issued student loans.

“The error was only discovered on Monday after the matter was reported to us by another student,” the university spokeswoman Yonela Tukwayo said.

Tukwayo said the student, who cannot be named, had already spent nearly 800,000 rand ($61,250) of the money.

“She is liable for the amount that she has already spent, as part of our agreement with students who take out loans,” said Tukwayo.

The rest of the excess cash has been taken back from the young woman’s account, while the university probes how the mistake occurred.

Local media reported the student had splurged some of the cash on expensive clothing, a smart phone and partying.

The resources of South Africa’s National Student Financial Aid Scheme, which funds students from impoverished backgrounds, often battles to meet the demand for loan applications from students.

South African students have, in the past two years, engaged in violent protests demanding free university education.

AFP

http://punchng.com/student-goes-on-spending-spree-as-her-bank-account-gets-1m-in-error/

1 Like

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by DannyJ19(m): 5:48pm On Aug 30, 2017
Awoof...

1 Like 1 Share

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by mazimee(m): 5:50pm On Aug 30, 2017
As much as I condemn her reaction to the transfer, I am of the opinion that she is not to be blamed hence, she shouldn't be made to pay for their ineptitude.

30 Likes 2 Shares

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by Nobody: 6:15pm On Aug 30, 2017
She's innocent of any crime.

83 Likes 1 Share

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by apexJ(m): 6:26pm On Aug 30, 2017
true true awof de pain belle....she don enter 1 chance
Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by apexJ(m): 6:26pm On Aug 30, 2017
true true awoof de pain belle....she don enter 1 chance
Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by Yusfunoble(m): 6:28pm On Aug 30, 2017
shocked

"The error was only discovered on Monday after the matter was reported to us by another student,” the university spokeswoman Yonela Tukwayo said.

Which kind bad belle student be that? angry

290 Likes 5 Shares

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by Yusfunoble(m): 6:31pm On Aug 30, 2017
OrestesDante:
She's innocent of any crime.

Guess she's not.

“She is liable for the amount that she has already spent, as part of our agreement with students who take out loans,” said Tukwayo.

27 Likes 3 Shares

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by Nobody: 6:36pm On Aug 30, 2017
Look at the meme!!!

Yusfunoble:


Guess she's not.

“She is liable for the amount that she has already spent, as part of our agreement with students who take out loans,” said Tukwayo.

www.nairaland.com/attachments/5893417_5671936moneysippingstickjpegjpeg3deb5a8ff1269e76460e48d793be10ea_jpegad5bbd916e497fa25291241ea26d4035

6 Likes

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by Nobody: 7:06pm On Aug 30, 2017
ALl that glitters
Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by BornnAgainChild(f): 7:13pm On Aug 30, 2017
Eledumare...bamise temi

10 Likes

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by Satansadvocate(m): 7:26pm On Aug 30, 2017
Later South-Africans will come and be calling our honourable nigerians scammers and carrying out xenophobic attack on legit hustling people going about their normal business there are SA.


Those people are one of the laziest race in human history,a girl for that matter being taken care of by their goverment is trying stupendously to lavish what was not hers. Her helpers for that matter. chai!


If any south african talk ill of nigerians again on this forum,just mention me and i will do the rest


jealous lazy set of people

40 Likes 3 Shares

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by somehow: 7:59pm On Aug 30, 2017
Useless girl with fish brain.

$620k on liabilities and none on assets?

God take me far away from fools!

76 Likes 4 Shares

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by dazzlingd(m): 8:16pm On Aug 30, 2017
it is fraudulent to spend erroneous transfer made to you and it's pure theft...there is no free money, someone will pay. Same to you all who spend erroneous transfers made to your account, someone is paying bitterly for it

Be good and report such cases to the financial institution, you will be saving someone

57 Likes 7 Shares

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by dazzlingd(m): 8:20pm On Aug 30, 2017
BornnAgainChild:
Eledumare...bamise temi
Karma is a bitch..may Eledumare make your love ones do erroneous transfers of larger amount. Then you will know the pains some people and their families go through.

Pls get sense

25 Likes

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by BornnAgainChild(f): 8:31pm On Aug 30, 2017
dazzlingd:

Karma is a bitch..may Eledumare make your love ones do erroneous transfers of larger amount. Then you will know the pains some people and their families go through.

Pls get sense


Comon shattap there...how does my comment affect you hmm Its your type that dies in silence

And just for the books never you ever call out my family if i av never called out yours

Hush monkey like you

8 Likes 1 Share

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by Nobody: 9:14pm On Aug 30, 2017
That's how FirstBank mistakenly credited a friends Bank Acct. with 15k last month. I was left wondering whether her Acct. number won a Jackpot, cos that money was never reversed.
Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by Nobody: 9:15pm On Aug 30, 2017
That was how FirstBank mistakenly credited a friends Bank Acct. with 15k last month. I was left wondering whether her Acct. number won a Jackpot, cos that money was never reversed.

1 Like

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by Nobody: 9:40pm On Aug 30, 2017
Miss Bigspender thought it was raining free bucks in SA. Unfortunately,these are the kinds of people who by,some stroke of ill luck,manage to find their way into public office and end up misapropriating public funds. This is how it starts. #Financial recklessness at its peak.

8 Likes 1 Share

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by agrovick(m): 10:55pm On Aug 30, 2017
Good luck with paying back
Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by othzy(m): 11:34pm On Aug 30, 2017
She hammer for a while!! Eehya...
Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by ShawttySoFyne(f): 11:50pm On Aug 30, 2017
AlekAndrya:
That was how FirstBank mistakenly credited a friends Bank Acct. with 15k last month. I was left wondering whether her Acct. number won a Jackpot, cos that money was never reversed.
a friend or you ?

18 Likes 4 Shares

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by EtherealAnn(f): 12:06am On Aug 31, 2017
Someone once transfered 1.3million to my account.
i swiftly called the bank after i realised i wasn't dreaming.
they said thank you afterwards

22 Likes 2 Shares

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by Nobody: 12:13am On Aug 31, 2017
It happens a lot . Smh how wud she b able to pay after spending it on perishable things
Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by Taniaa(f): 12:14am On Aug 31, 2017
Unitedabby:
exactly!!!
Same people who castigate their country will never do the same thing to their tribe. It means that tribal sentiments are much higher than patriotism.
Trust me, we have many developed cities here with good roads, hospitals, recreational centres etc don't rely on online assessment.

1 Like

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by EtherealAnn(f): 12:16am On Aug 31, 2017

1 Like 2 Shares

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by babyfaceafrica: 12:16am On Aug 31, 2017
Awuf dey tear belle,she will pay the amount she spent..no free money!!!
Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by EternalTruth: 12:17am On Aug 31, 2017
EtherealAnn:
Someone once transfered 1.3million to my account.
i swiftly called the bank after i realised i wasn't dreaming.
they said thank you afterwards
u be real mumu. Now see as u still dey broke because of stupid honesty

10 Likes

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by EtherealAnn(f): 12:21am On Aug 31, 2017
EternalTruth:
u be real mumu. Now see as u still dey broke because of stupid honesty

funny how your moniker is eternaltruth but your words depicts the opposite

70 Likes 4 Shares

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by bamasite(m): 3:01am On Aug 31, 2017
The student that reported the matter!!!! lipsrsealed lipsrsealed lipsrsealed lipsrsealed

The student that went on shopping spree na olodo.......Imagine what she spent the money on.....Nothing tangible was listed.

And then the staff that made the error........ cry cry cry cry cry

1 Like 1 Share

Re: South African Student On Spending Spree As Her Bank Account Gets $1m In Error by AnkaraStyles(f): 4:45am On Aug 31, 2017
By the time she's unable to pay back the spent money... it'll be on a time spending spree in Jail.

This goes to show that most people don't need big money or shoukd not be allowed to have access to big amount of money.. too bad.


My signature my business

14 Likes 1 Share

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