The Joint Admissions and Ma­triculation Board (JAMB) has made an interim remit­tance of N3.5 billion to the Federal Government con­solidated revenue account.

A statement by Dr Fabi­an Benjamin, JAMB’s Head of Media in Abu­ja; made this disclosure in a statement on Monday, May 4.

He explained that the remit­tance was in line with Prof. Ishaq Oloyede’s avowed commitment to remit whol­ly, excess funds generated from its operations, to the Federal Government.

According to JAMB, a payment of over N3.5 bil­lion had already been made to candidates by way of re­duction of N1,500 from the cost of each ePIN sold to each candidate as directed by President Muhammadu Buhari.
“This brings the total remittances this year to over N7 billion with the assurance to remit more; as soon as operations are concluded and proper audit of its books is done.

“From the outset, it had been the intention of the present leadership of the Board to return to federal coffers; whatever is left unutilised from its operational imperatives.

“The immediate benefit of the move manifested in the reduction by President Buhari of the UTME Registration fee payable by candidates from N5000 to N3,500; which entails the transfer of over N3 billion to candidates and guardians annually via the reduction in the cost of application documents,” he said.

Benjamin added that before the reduction in the cost of application EPINs; the Board had remitted over N7 billion in 2017 and replicated the same in subsequent years.
He said that this could be attributed to the gracious action by the Buhari administration’s unprecedented decision to give back to candidates a percentage of the cost of registration.

“To sustain the gesture, the Board will continue to come up with innovations on ways to ensure that candidates are provided with world class services at modest cost as obtained anywhere in the world,” he said.
https://ebonyitvnews.com/2020/05/04/jamb-remits-n3-5bn-in-revenue-to-fgs-account/

Oloyede be doing wonders with JAMB!
Amazing gesture, sir!