JAMB PAST QUESTIONS NOW AVAILABLE

 Buy Now
Advertisements

JAMB CBT 2024 EXAM HELP SUBSCRIPTION


JAMB RUNZ 2024 SUBSCRIPTION PRICE LIST (score 280+)
(i) 4 SUBJECTS: ₦10,000
(ii) 2 SUBJECTS: ₦6,000
(iii) PER SUBJECT: ₦3,000

WhatsApp us on: 09031654978 to subscribe.

Advertisements

Reps Initiate Probe into N11 Million Discrepancies in JAMB’s Revenue Remittances

House of Representatives to Investigate Variances in JAMB’s Financial Records

In a move aimed at ensuring transparency and accountability in government revenue management, the House of Representatives has announced plans to launch a thorough investigation into the Joint Admissions and Matriculation Board’s (JAMB) remittances to the federal government. The decision comes in the wake of conflicting financial figures discovered in the records of JAMB and the Office of the Accountant General of the Federation.

During a recent session with the House Committee on Basic Education and Examination Bodies, Professor Ishaq Oloyede, the Registrar of JAMB, disclosed that the examination body began remitting revenue to the Consolidated Revenue Fund approximately a year after he assumed office.

Prof. Oloyede provided specific remittance figures made by JAMB, indicating payments of N7.8 billion in 2017, followed by N5.2 billion, N3.68 billion, N3.82 billion, N3.5 billion, and N3.1 billion in the subsequent years of 2018, 2019, 2020, 2021, and 2022 respectively. Additionally, he highlighted the generated internal revenue of N13.33 billion, N11.35 billion, N9.74 billion, and N12.62 billion for 2019, 2020, 2021, and 2022, respectively, under his leadership.

However, concerns arose when the House Committee on Basic Education and Examination Bodies identified a significant discrepancy of about N11 million after reviewing figures presented by Mrs. Lucy Anom, representing the Office of the Accountant General of the Federation. Chairman of the Committee, Afoji Obuku, promptly called for the establishment of a sub-committee to investigate these inconsistencies.

Advertisements

In response to the investigation, JAMB raised concerns about the federal government’s automated deduction of funds from the registration fees paid by candidates sitting for the Unified Tertiary Matriculation Examination (UTME). Prof. Oloyede emphasized that this practice substantially diminishes the board’s revenue contribution to the Consolidated Revenue Fund.

See also  Former Legislator Rambi Ayala Empowers 400 Less Privileged Students with Free JAMB Forms in Gombe State

The initiation of this probe underscores the commitment of the House of Representatives to ensure fiscal responsibility and accountability in government agencies. As the investigation unfolds, stakeholders eagerly await the findings and hope for a resolution that promotes financial transparency within the education sector.

Add a Comment

Your email address will not be published. Required fields are marked *

Join JAMB 2024 Telegram Channel

X