The Joint Admissions and Matriculation (JAMB) has remitted N2 billion as interim surplus for the 2023 operating year to the federation account following the conduct of the Unified Tertiary Matriculation Examination.
The Head, Public Affairs and Protocol, JAMB, Fabian Benjamin made this known in a statement on Thursday in Abuja.
The statement read that the remittance was in furtherance of the pledge by the Registrar of JAMB, Prof. Is-haq Oloyede, on assumption of duty, that it would leverage on technology and discipline to manage the affairs of the agency.
“Since assuming office the Prof. Is-haq Oloyede-led management has remitted over N55 billion to the Federal Government coffers. This is far above the less than the N60 million remitted by the Board in the 38 years of the existence of the Board, prior to the appointment of Prof. Oloyede”, the statement read.
“On assumption of office of the current Registrar, he had come up with a policy which holds that whatever would be done, must be on the table. This has changed the narratives such that JAMB now posts humongous returns to the Consolidated Revenue Fund (CRF).
“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 N1.2 billion being paid annually to a service provider and a downward review of the N1.2 billion being annually paid to another to about N400 million with the same old service provider.
“This in addition to the recovery of over N1.2 billion in both cash and estates in choice areas of Abuja, in 2016.”
The Board said more funds would be remitted as its operations for the year are completed.