The House of Representatives has ordered a probe into the financial status of the Joint Admission and Matriculation Board (JAMB) with regards to its revenue remittances to government coffers.
The House at its plenary yesterday said the body had, over the last three years, generated over N21 billion from sale of forms to candidates seeking admission into the nation’s tertiary institutions with no commensurate remittances, but still got appropriation of over N6 billion from the national budget within the same period.
In its resolution on a motion moved on the matter by Ibrahim Ebbo, the House mandated its joint committee on Education and Finance to investigate the revenue generation and remittances of the Board, and report back its findings within two weeks.
According to Ebbo, in 2011, 1,493,604 candidates bought forms and sat for the Unified Tertiary Matriculation Examination (UTME) organized by the Board at the cost of N4, 600 per candidate, translating to a total of N6,870,400 while it got an appropriation of N2,021,235,070 in the national budget the same year.
Similarly, 1.5 million candidates sat for the UTME in 2012, amounting to N6.9 million generated through sale of forms, and 1,644,110 sat in 2013 and N7,562,906,000 generated through sale of forms while the Board got N2,370,273,304 and N2,377,397,191 for the two years respectively.
The lawmaker said the investigation was necessary to ascertain whether JAMB was actually remitting the right sum to the Consolidated Revenue Fund of the Federation as stipulated by law.