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11m deposit by JAMB is being questioned by Rep. The House of Representatives will form a committee to investigate anomalies in the Joint Admissions and Matriculation Board’s repayments to the Federal Government.
The committee was formed in response to the non-reconciliation revealed in the examining body’s accounts and the account of the Office of the Accountant General of the Federation.
JAMB Registrar, Prof Ishaq Oloyede, testified before the House Committee on Basic Education and Examination Bodies on Wednesday that the examination board began remitting income to the Consolidated income Fund less than a year after he took office.
He informed the committee that in 2017, JAMB remitted N7.8 billion, which was followed by N5.2 billion, N3.68 billion, N3.82 billion, N3.5 billion, and N3.1 billion in 2018, 2019, 2020.
Oloyede also told legislators that during his leadership, JAMB produced internal income of N13.33 billion, N11.35 billion, N9.74 billion, and N12.62 billion in 2019, 2020, 2021, and 2022, respectively.
However, a discrepancy of N11m was discovered with the submission of Mrs Lucy Anom, who represented the Office of the Accountant General of the Federation, prompting the Committee’s Chairman, Afoji Obuku, to call for the formation of a sub-committee to investigate the alleged differences and report back to the Committee on Basic Education.
Meanwhile, JAMB has challenged the Federal Government’s automated deduction of funds from registration fees paid by candidates taking the Unified Tertiary Matriculation Examination, or UTME.
According to Oloyede, the practice is dramatically diminishing its income contribution to the CRF.
“We inform the government that we don’t want to be paid. “We generate our own funds, but auto deductions are reducing our revenue for capital projects,” he explained.
Oyedeji Oyeshina (PDP, Oyo), a committee member, stated that JAMB’s revenue generation and remittances to the federation’s Consolidated Revenue Fund have decreased since 2019.
However, Oloyede explained that from the board’s schedule of Internally Generated Revenue, IGR from 2019 to 2022, there was a considerable fall in revenue remittances to the federal government coffers due to the reduction of test fees for UTME candidates.
He went on to say that the examination fee was decreased from N5,000 to N3500 in 2019, and that the federal government had begun automated deduction of internal revenue payments after the examination price reduction was approved and implemented by the board.
The committee, which guaranteed the examination body and other agencies of effective control, had previously asked annual audited accounts, procurement plans, a schedule of Internally Generated Revenue, IGR, and documentation of remittances from JAMB.
The committee also charged JAMB with providing it with a detailed list of its personnel strength so that it could assess the amount of conformity with the Federal Character Principle.