The Joint Admissions and Matriculation Board has made a remittance of N 7 bn to the Federal Government , saying the amount is part of the excess funds generated in 2020 , particularly from the March and April Unified Tertiary Matriculation Examination .
The board said on Sunday that it made “an interim remittance of N 3 . 5bn to the Federal Government ’ s consolidated account, ” which was added to an initial N 3 . 5bn raked in from the UTME candidates by way of the reduction of the cost of electronic PINs as approved by the Federal Government.
The JAMB Head of Media , Dr Fabian Benjamin , said in a statement that the Registrar , Prof . Is-haq Oloyede , had directed that more remittances be done by the board and a “ proper audit of JAMB books be carried out . ”
Benjamin said, “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 N 5 ,000 to N 3 , 500.
“ Before the reduction in the cost of application ePINs , the board had remitted over N 7 bn in 2017. ”
