2020 UTME: JAMB remits N7bn to FG
The board said it had earlier returned N3.5b to the government following the sales of ePINs to UTME candidates, bringing the total remittances this year by the board to N7 billion.
Last year, the board returned N5 billion to the government coffers but was later asked to keep N2 billion to enhance its operations by the government. It reads: “The Joint Admissions and Matriculation Board has made an interim remittance of N3.5b to the Federal Government consolidated account for the 2020 expected remittance in line with Prof. Is-haq Oloyede’s avowed commitment to remit wholly, excess funds generated from its operations to the federal government.
“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.
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