EXCLUSIVE – THE TRUTH BEHIND THE NSFAS CONTRACT BREACH
In a shocking courtroom victory, the Special Investigating Unit (SIU) and National Student Financial Aid Scheme (NSFAS) have successfully argued that Ezaga Holdings’ contract was not only grossly irregular but also completely pointless. The Western Cape Division of the High Court has dismissed Ezaga Holding’s application for an interim order, setting a major blow to their weak attempt to cling to a contract exposed as a sham.
Ezaga Holdings, one of the fintech providers that has been disbursing allowances on behalf of NSFAS, has faced intense scrutiny over their questionable claims and suspicious dealings. The SIU’s investigation into the affairs of NSFAS revealed a web of deceit, bribes, and corruption that culminated in the appointment of these ‘service providers’ to disburse funds.
The SIU and NSFAS have been working tirelessly to shed light on the dark dealings between Ezaga Holdings and NSFAS officials, and their efforts have just been vindicated by the High Court.
"Not only did Ezaga try to cling to a contract signed in blood, but they also ignored the clear evidence of corruption and irregularity," said a senior court official. "The SIU has played a crucial role in exposing this fraud and dismantling the corrupt network that enabled this ruse."
The SIU, empowered by Proclamation R88 of 2022, has moved to recover any financial losses caused by corruption and negligence. The agency has applied to the Special Tribunal to review and set aside all contracts awarded to Ezaga Holdings, which would effectively terminate their illegitimate claims to profits obtained through corruption.
"This monumental victory marks a significant milestone in the fight against corruption and maladministration. No one is above the law, not even those who think they’ve got the system rigged," concludes the SIU.
Stay tuned for the next chapter in this epic courtroom battle as the SIU strives to restore justice and transparency in the fight against corruption.
