By Adedapo Adesanya
The Joint Admissions and Matriculation Board (JAMB) has made a remittance of N7 billiion to the federal government as excess funds generated in 2020.
Giving a breakdown, JAMB disclosed that it made an interim remittance of N3.5 billion to the federal government’s consolidated account, which was added to an initial N3.5 billion made from the UTME candidates by way of the reduction of the cost of electronic PINs as approved by the Federal Government.
In a statement signed by the Head of Media at JAMB, Mr Fabian Benjamin, the Registrar, Mr Is-haq Oloyede, had directed that more remittances be done by the board and a proper audit of JAMB books be carried out.
“From the outset, it has been the intention of the present leadership of the board to return whatever is left unutilised from its operational imperatives.
“The immediate benefit of the move manifested in the reduction by President Muhammadu Buhari of the UTME registration fee payable by candidates from N5,000 to N3,500.
“Before the reduction in the cost of application ePINs, the board had remitted over N7bn in 2017,” He clarified.
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