The Joint Admissions and Matriculation Board (JAMB) is one of the biggest money generators of the Nigerian government.
Grass roots.ng has learnt that the Board remitted N3.5 billion to the Federation Account from the excess generated from its operations during the conduct of 2020 Unified Tertiary Matriculation Examination.
The board said it had earlier returned N3.5b to the government following the sales of ePINs to UTME candidates, bringing the total remittances this year by the board to N7 billion.
The board pledged to make further remittance to the government as soon as its operations are concluded and proper audit of its books done.
JAMB’s Head of Media and Information, Dr. Fabian Benjamin, disclosed these in a statement on Sunday in Abuja, the nation’s capital.
Last year, the board returned N5 billion to the government coffers but was later asked to keep N2 billion to enhance its operations by the government.
According to the statement, the remittances were in line with the Registrar, Prof. Is-haq Oloyede’s avowed commitment to remit wholly, excess funds generated from its operations to the federal government.
It added that the board was able to return the excess to the government coffers despite reduction in the cost of ePIN sold to candidates from N5000 to N3, 500 as directed by President Muhammadu Buhari last year.