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