How JAMB Remitted N50bn to FG, Prof Ishaq Oloyede Reveals

How JAMB Remitted N50bn to FG, Prof Ishaq Oloyede Reveals

  • Prof Ishaq Oloyede has disclosed that the board remitted no less than N50 billion to the federal government in the last six years
  • The Registrar explained that the “humongous returns” were in contrast to about N52 million – which is the cumulative return of the previous 40 years of the board
  • Going further, he said the N50 billion was what was left after recording expenses incurred in conducting the examination

In what many Nigerians will see as a welcome development, the Joint Admissions and Matriculation Board (JAMB), has revealed that it has remitted N50billion to the federal government’s coffers in the last six years.

This was disclosed by JAMB Registrar, Prof. Ishaq Oloyede at a public lecture titled, “The Imperatives of JAMB in Tertiary Education in Nigeria”, as part of activities to mark this year’s Gbagura Day, said, it has increased the CSR to N750million this year, Daily Trust reports.

JAMB remits money to FG
JAMB says it remitted N50bn to FG. Photo credit: Sola Adebowale
Source: Twitter

He said:

“Currently, over N50billion has been recorded as surplus in the past five years. Over N29billion of this has been returned directly to the CRF. About N11billion disbursed on capital projects, Corporate Social Responsibility, savings (about N6billion) and others in contrasts to about N52million that had been the cumulative return of the previous 40 years.”

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Going further, he berated those calling for an extension of validity of results of Unified Tertiary Matriculation Examinations (UTME) of candidates, saying those behind the calls are acting in ignorance, This Day newspaper.

EFCC, ICPC given 7 days ultimatum to publicize findings on allegations against JAMB registrar

Meanwhile, the Anti-Corruption and Integrity Forum (ACIF) has given the Economic Financial Crimes and Commission, EFCC and Independent Corrupt Practices and Other Related Offences Commission, ICPC seven days ultimatum.

The ACIF wants the anti-corruption agencies to make public their findings on the corruption allegations levied against the registrar of the Joint Admissions and Matriculation Board (JAMB), Prof. Ishaq Oloyede. The organisation, however, threatened court action against the anti-graft agencies if they fail to heed to the demands.

In a letter dated Sunday, October 27 written to the EFCC and ICPC signed by Director of Communication, ACIF, Bashorun Oladokun Abdulwajeed, and made available to journalists in Abuja on Monday, the group alleged deliberate attempts to sweep the case under the carpet.

Proceeds of crime: Court issues verdict on EFCC case against APC governor

Meanwhile, the EFCC has been told that it lacks the power and right to prosecute Governor Bello Matawalle based on his immunity granted by section 308 of the 1999 constitution.

This was the ruling of the Federal High Court in Abuja read by Justice Inyang Ekwo on Friday, October 14.

The court advised the commission to wait until the Zamfara governor leaves office before arraigning him in court.


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