South African Student Sentenced To 5 Years For Spending $1M Mistakenly Credited to Her Bank Account

Sibongile Mani

A woman in South Africa has been sentenced to five years in jail after a bank mistakenly credited her account with approximately $1 million (in US Dollars).

According to Face 2 Face Africa, South African student, Sibongile Mani was sentenced to spend five years in prison after she spent money from about $1 million that was credited to her bank account when she was supposed to be credited $100 in monthly food allowance almost 5 years ago. On June 1, 2017, Mani, at the time, was a student at South Africa’s Walter Sisulu University (WSU). She erroneously received a payment of about $1 million for her monthly food allowance.

Typically, students received a monthly allocation of $100. In an apparent error, Mani was credited with a payment of $1 million. It was revealed that she was overpaid from the account of the National Student Financial Aid Scheme (NSFAS). The NSFAS gives out loans to students who are expected to repay them after they graduate. The mistake wasn’t found until August 2017.

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