Jamb Remits N7bn for 2020 UTME to FG

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SWITZERLAND, MAY 04 – The Joint Admissions and Matriculation Board has fulfilled its commitment to the Federal Government by remitting the sum of N7bn to the government’s consolidated account. Part of this amount stems from excess funds generated particularly from the March and April Unified Tertiary Matriculation Examination.

JAMB Registrar, Professor Is-haq Oloyede, had earlier pledged to remit wholly, excess funds generated from its operations to the Federal Government.

According to the board “It had earlier made the payment of over N3.5 billion to candidates by way of reduction of N1500 from the cost of each ePIN sold to each candidate as directed by the president totaling over N3.5 billion with the assurance to remit more as soon as it operations are concluded and proper audit of its books done.”

An additional interim payment of N3.5bn was made to the Federal government’s account on Sunday, making a total of N7bn.

Dr Fabian Benjamin, The JAMB Head of Media, said in a statement that the Registrar 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 N5000 to N3500,” Benjamin said.

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