Oloyede-led JAMB makes interim remittance of N7bn to FG for 2020, promises more

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The Joint Admissions and Matriculations Board (JAMB) has made an interim remittance of N3.5b to the Federal Government consolidated account for the 2020 expected remittance in line with Prof. Is-haq Oloyede’s avowed commitment to remit wholly, excess funds generated from its operations to the Federal Government.

Dr. Fabian Benjamin, Head of Media,
JAMB who disclosed this in a statement made available to the press Sunday night noted that “It had earlier made the payment of over N3.5b to candidates by way of reduction of N1,500 from the cost of each ePIN sold to each candidates as graciously directed by Mr President totaling over N3.5b bringing the total remittances this year to over N7b with the assurance to remit more as soon as it operations are concluded and proper audit of its books done.”

Dr Benjamin added that “From the outset, it had been the intention of the present leadership of the Board to return to federal coffers, 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 N5000 to N3500 which entails the transfer of over N3b to candidates and guardians annually via the reduction in the cost of application documents.”

He recalled that “Before the reduction in the cost of application EPINs, the Board had remitted over N7b in 2017 and replicated same in subsequent years until the gracious action by the Buhari administration’s unprecedented decision to give back to candidates a percentage of the cost of registration.”

The JAMB spokesman promised that “To sustain the gesture, the Board will continue to come up with innovations on ways to ensure that candidates are provided with world-class services at modest cost as obtained anywhere in the world.”


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