JAMB remits N3.51bn operating surplus to federation account

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The Joint Admissions and Matriculation Board have remitted the sum of N3.51billion to the national treasury as part of its 2021 operating surplus.

A statement issued in Abuja by JAMB’s spokesperson, Dr Benjamin Fabian on Wednesday noted that the 2021 remittance was in line with Prof. Is-haq Oloyede’s commitment to prudent management of public resources.

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“This commitment to probity coupled with the adoption of international best practices make for cost-effective operational processes and attendant savings to yield those humongous remittances to government coffers,” JAMB said in the statement.

According to Fabian, this has been the norm rather than the exception in the last six years beginning from 2016 when he(Prof. Oloyede) remitted the whopping sum of N7billion and repeated the same in subsequent years.

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He said, “it is pertinent to note that one of the direct benefits of the sustained remittances by the Prof. Oloyede-led management manifested in the reduction of the cost of the application documents (UTME and DE) by candidates from N5000 to N3500 in 2018 by President Muhammadu Buhari.

“This singular act has ensured the annual transfer of over N3billion to the pockets of parents and guardians of candidates as a consequence of the slash in the price of UTME forms.

“The Board as led by Prof Is- haq Oloyede would continue to prune down the cost of governance and release resources for other needy national priority areas.”