JAMB Denies Increase in UTME Registration Fee, Maintains N3,500 Cost

LATEST: JAMB Remits N2 Billion To Buhari Govt

by Victor Ndubuisi
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The amount of N2 billion has been transferred by the Joint Admissions and Matriculation Board (JAMB) as its interim surplus for the fiscal year 2023.

According to Newsmen, the board’s spokesperson and representative of the examination body, Dr. Fabians Benjamin, said this in a statement on Thursday.

As JAMB’s operations throughout the year come to a close, more will reportedly be remitted.

The board highlighted that the payment was a continuation of the management team, chaired by Prof. Is-haq Oloyede, who had previously promised to use technology and discipline to run the board’s business.

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It stated that since taking office, the management team under Prof. Is-haq Oloyede has transferred more than N55 billion to the Federal Government’s coffers, a significant increase over the less than N60 million transferred by the Board in the Board’s 38 years of existence prior to Oloyede’s appointment.

JAMB said: “On assumption of office of the current Registrar, he had come up with a policy which holds that whatever would , must be on the table. This has changed the narratives such that JAMB now posts humongous returns to the Consolidated Revenue Fund.

“These returns were bolstered by the Board’s expanded internal capacities for its operations achieved through direct execution of its processes and procedures, which instantly resulted in, for instance, a savings of N1.2billion being paid annually to a service provider and a downward review of the N1.2billion being annually paid to another to about N400million with the same old service provider.

“This is in addition to the recovery of over N1.2 billion in both cash and estates in choice areas of Abuja, in 2016.

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“It was these steps and many others, which had ensured that a Board, which had remitted cumulatively in its 40 years of existence about N55 million to the national treasury, rendered N7.8billion in the first year of the assumption of office of Prof. Oloyede and has since contributed over N27billion directly into the national treasury.

“The remitted amount is without prejudice to the 30% reduction in its application fee (N10.8billion in 4 years since the reduction), Capital Fund (N11billion including N6billion, which is yet to be committed), Annual Awards/Grants to Tertiary Institutions for Capital Projects (N1billion) and Special Staff Welfare Scheme (N2billion). This would aggregate the cumulative surplus to about N54 billion over the last six years.”

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