Reps directs JAMB to remit ₦3billion to Federal Government
The House of Representatives has directed the Joint Admissions and Matriculation Board (JAMB) to remit ₦3.602 billion to the Federal Government’s Consolidated Revenue Fund (CRF).
Rep. Bamidele Salam, Chairman of the Public Accounts Committee, issued the directive during an investigative hearing in Abuja. He stated that the remittance was mandated by the Fiscal Responsibility Commission (FRC).
Salam clarified that the remittance was not subject to personal interpretation. He emphasized that it was a matter of law or regulation, unrelated to the argument between JAMB’s interpretation of the 25 percent and 50 percent remittance rates.
The Committee unanimously ordered JAMB to remit the sum to the Consolidated Revenue Fund (CRF) and provide evidence of the remittance within 30 days.
Journalists report that the FRC had summoned JAMB before the committee over unremitted operating surplus.
Mr. Bello Aliyu, the representative of FRC, stated that as of 2021, and according to the records submitted to the Committee, the liabilities amounted to N390.725 million.
He added that after the submission of that report, JAMB submitted its 2022 audited financial statement. The liabilities were computed, and they were duly informed.
“The new liability as of 2022 is N3.602 billion. We notified them via a letter dated March 14, and another reminder was submitted on August 31.”
Proofreading by Uchechi Ojo, Sub-editor at Neptune Prime.
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