The Joint Admissions and Matriculation Board has made a remittance of N 7 bn to the Federal Government , saying the amount is part of the excess funds generated in 2020 , particularly from the March and April Unified Tertiary Matriculation Examination .
The board said on Sunday that it made “an interim remittance of N 3 . 5 bn to the Federal Government ’ s consolidated account , ” which was added to an initial N 3 . 5 bn raked in from the UTME candidates by way of the reduction of the cost of electronic PINs as approved by the Federal Government .
The JAMB Head of Media, Dr Fabian Benjamin , said in a statement that the Registrar , Prof. Is – haq Oloyede , had directed that more remittances be done by the board and a “ proper audit of JAMB books be carried out. ”
Benjamin said , “From the outset , it has been the intention of the present leadership of the board to return whatever is left unutilised from its operational imperatives .
The immediate benefit of the move manifested in the reduction by President Muhammadu Buhari of the UTME registration fee payable by candidates from N 5 , 000 to N 3 , 500 .
“ Before the reduction in the cost of application ePINs, the board had remitted over N 7 bn in 2017. ”
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