Spending money that isn't rightfully yours could land you in court, says Pasa

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Spending money that isn't rightfully yours could land you in court, says Pasa

30 August 2017 5:04 PM

The Payments Association of SA (Pasa) has warned that spending money which is not rightfully yours could lead to a law suit.

This comes after a Walter Sisulu University (WSU) apparently spent more than R400 000 of the funds, after National Student Financial Aid Scheme (Nsfas) accidentally deposited R14 million into her account.

Read: WSU makes costly mistake by depositing R14 million into a students account

It's the account-holders responsibility to return the funds, if the funds are not legally or rightfully theirs.
— Walter Volker, CEO at Payments Association of SA

Pasa CEO Walter Volker explains that spending money intended for someone else raises both a legal and moral issues.

Also read: WSU blocks student account after R14m error

He says spending and withholding funds that are not yours could result in court action.

Take a listen:

This article first appeared on CapeTalk : Spending money that isn't rightfully yours could land you in court, says Pasa

Written by: Qama Qukula

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