Professor Ishaq Oloyede, the Registrar of the Joint Admission and Matriculation Board (JAMB), clarified that the board does not receive allocations for capital projects or overhead expenses from the national budget. This revelation came during an interactive session held on Wednesday in Abuja with the House of Representatives Committee on Basic Education and a representative from the Accountant General of the Federation (AGF).
Oloyede emphasized that JAMB has been consistently remitting funds to the Federal Government’s treasury since 2017.
He said “We don’t collect capital, we don’t collect overhead, if you look at the budgets of other agencies in our category, you will see they collect capital and overhead but neither of these do we collect, despite that, we make returns from what we collected. Our own IGR is what we spend on capital projects.”
The Registrar while responding to some of the issues raised at the meeting, attributed some of the discrepancies in remittance to payment charges that the Accountant General’s Office did not record.
“For example, when we pay N10, we report N10 but the portal through which the payment was made will deduct charges and record the net.
“While we record the gross, they are recording the net and this accounts for those discrepancies. That is why reconciliation is necessary,” he said.
Earlier, in her presentation, the representative of the Accountant General of the Federation, Anum Lucy, said JAMB started its yearly remittances to the Federal Government’s account with N7.8 billion in 2017.
She said, “JAMB as an organization started remitting revenue to the coffers of the Government in 2017, and in that year, they remitted N7.8 billion to the coffers of the government.
“In 2018, it was N5.2 billion. In 2019 it was N3.6 billion. In the year 2020 – N3.8 billion. In 2021 – N3.5 billion and N3.1 billion in 2022.”
