The Joint Admissions and Matriculation Board (JAMB), in a statement, revealed that it has remitted the sum of N3.51 billion to the national treasury as part of its 2021 operating surplus.
The board said the 2021 remittance was in line with Prof. Is-haq Oloyede’s avowed commitment to prudent management of public resources.
The statement, which was signed by Dr. Fabian Benjamin, JAMB’s spokesperson, disclosed that the act is in line with the registrar’s commitment towards the remittance of excesses revenue generated by the board.
It read: “This commitment to probity coupled with the adoption of international best practices make for cost-effective operational processes and attendant savings to yield those humongous remittances to government coffers.
“It has been the norm rather than the exception in the last six years beginning from 2016 when he remitted the whopping sum of N7 billion and repeated same in subsequent years.
“It is pertinent to note that one of the direct benefits of the sustained remittances by the Prof. Oloyede-led management manifested in the reduction of the cost of the application documents UTME and Direct Entry by candidates from N5000 to N3500 in 2018 by President Muhammadu Buhari.
“This singular act has ensured the annual transfer of over N3 billion to the pockets of parents and guardians of candidates as a consequence of the slash in the price of UTME forms,” he said.