By Zweli Martin Dlamini

MBABANE:Mbongiseni Nkambule, the Curator of the Swaziland Building Society Society (SBCS) and General Manager of the Financial Services Regulatory Authority (FSRA) is allegedly transferring millions of public funds to a SBCS operational account.

Worth-noting and as per financial transactions seen by this publication, once the money is transferred to the operational account, it then becomes vulnerable to looting as if it is funding operations.

But hundreds of emaSwati lost over R100million investments at Status Capital, part of the monies have been recovered but now vulnerable to be looted by senior officials within the Financial Services Regulatory Authority, FSRA General Manager Mbongiseni Nkambule is allegedly the Curator and therefore conflicted in the management of the millions of public funds as he reports directly to his colleagues including FSRA Chief Executive Officer (CEO) Ncamiso Ntshalitshali.

Documents and other evidence obtained by this Swaziland News suggests that, Status Capital operates more than five (5) First National Bank (FNB) Eswatini accounts and these include Deposits, Disbursements, Income, Operational and Petty Cash accounts.

It has been disclosed that, on the 9th December 2025 around 1713hours, the FSRA General Manager who doubles as the Curator transferred R5million to the Operational Account, he then transferred an extra R1million within 10minutes and to the same account.

On the same day and five (5) minutes later, Nkambule allegedly transferred another R5million to the Operational Account.

But this publication launched an investigation and monitored the transfer of the public funds within the banking system after members of the public complained that, some emaSwati have died without receiving their money at Status Capital as FSRA and the Curator “delay the distributing of the millions already” recovered.

“We have been waiting for our money for years and some have died, FSRA appointed one of the Managers as a Curator and it seems there’s a systematic delay in distributing the money,” said one LiSwati who invested money at Status Capital.

A questionnaire was sent to FSRA Chief Executive Officer (CEO) Ncamiso Ntshalishali through Communications Officer Nokwanda Dlamini, however, instead of responding to the specific questions, he released a Public Notice.

On another note, Dave Van Niekerk, the Status Capital permanent member confirmed to this Swaziland News that, he facilitated the recovery of part of the millions lost in the multimillion investment.

Dave Van Niekerk further told this publication that, even after recovering the money, he was concerned that, the millions were not reaching emaSwati who invested their money at Status Capital.