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JAMB Remits 3.5 Billion To the Federal Government

The Joint Admissions and Matriculation Board (JAMB) has disclosed it has made an interim remittance of N3.5 billion to the Federal Government consolidated revenue account. This was contained in a statement by Dr Fabian Benjamin, JAMB’s Head of Media in Abuja.

According to him, this is in line with Prof. Ishaq Oloyede’s commitment to remit wholly, any excess funds generated from its operations to the Federal Government.

It was gathered that earlier, payment of over N3.5 billion had already been made to candidates by way of reduction of N1,500 from the cost of each ePIN sold to each candidate as directed by President Muhammadu Buhari. This brings the total remittances this year to over N7 billion.

The board also said it will remit more as soon as its operations are concluded and proper audit of its books is completed.