By Martin Paul in Abuja
The Joint Admissions and Matriculation Board(JAMB) has remitted N3.5 of the N7bn promised to the Federal Government for year 2020.
A statement by Head Information and Public Relations, Dr. Fabian Benjamin, said the release of the balance would be done soon. “The interim remittance of N3.5bn to the Federal Government consolidated account is for 2020 in line with Prof. Is-haq Oloyede’s avowed commitment to remit wholly, excess funds generated from its operations to the federal government.
Fabian said the board had earlier made the payment of over N3.5bn to candidates by way of reduction of N1,500 from the cost of each ePIN sold to each candidate as graciously directed by Mr President, bringing the total to N3.5bn and to over N7bn with the assurance to remit more as soon as its operations are concluded and proper audit of its books done.
“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. The immediate benefit of the move manifested in the reduction by President Muhammadu Buhari of the UTME Registration fee payable by candidates from N5,000 to N3,500 which entails the transfer of over N3bn to candidates and guardians annually via the reduction in the cost of application documents.
“Before the reduction in the cost of application EPINs, the Board had remitted over N7bn in 2017 and replicated same in subsequent years until the gracious action by the Buhari administration’s unprecedented decision to give back to candidates a percentage of the cost of registration.
“To sustain the gesture, the Board will continue to come up with innovations on ways to ensure that candidates are provided with world-class services at modest cost as obtained anywhere in the world”, the statement added.