DTEF launches audit to chase �fugitive� billions

Thursday, September 14, 2017

The Department of Tertiary Education Financing (DTEF) has launched an audit to track down all beneficiaries of government tertiary education sponsorship, as desperation grows over the chances of recovering the more than P2.4 billion still in the wind.

The audit represents the Department’s last hopes, as its other attempts have been foiled by the absence of information on beneficiaries and the institution’s lack of legal grounds to pursue payment or prosecution of culprits.

DTEF director, Josephina Ntshinogang said as government coffers shrink, the Department was in a race to recover outstanding student loans. However, the process is complicated by numerous challenges.

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DTEF launches audit to chase �fugitive� billions

The Department of Tertiary Education Financing (DTEF) has launched an audit to track down all beneficiaries of government tertiary education sponsorship, as desperation grows over the chances of recovering the more than P2.4 billion still in the wind.