The Joint Admissions and Matriculation Board has remitted the sum of N3.5b to the Federal Government consolidated account.
While disclosing this in a statement on Sunday May 3, 2020, Head of Media, JAMB, Dr. Fabian Benjamin, noted that the remittance was part of the remittance for the year 2020.
Benjamin further stressed that it was in line with Prof. Is-haq Oloyede’s commitment to remitting excess funds generated from its operations to the federal government.
“JAMB 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 candidate as directed by Mr President, bringing the total remittances this year to over N7b with the assurance to remit more as soon as its operations are concluded and proper audit of its books done,” Dr Benjamin said.
“From the outset, it had been the intention of the present leadership 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 added.
The JAMB spokesman added 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.”
