Lawmakers on Monday expressed their concern over the monetary administration of the Joint Admissions and Matriculation Board, questioning the rationale behind the company’s remittance of a meager N4bn into the federation account after the federal government offered it with N6bn funding in 2024.
The controversy adopted a presentation by the JAMB Registrar, Ishaq Oloyede, earlier than a joint committee of the Senate and Home of Representatives, chaired by Senator Sani Musa (APC, Niger East), reviewing income projections for 2025.
Oloyede defined that whereas JAMB remitted N4bn into the consolidated income fund, the company acquired N6 billion from the Federal Authorities. This generated a rowdy session amongst members of the committee, which included Abiodun Faleke, Chairman of the Home Committee on Finance, and Senator Adams Oshiomhole (APC, Edo), who requested why an company that had turn into self-sustaining, like JAMB, was nonetheless receiving grants from the federal government.
Why does JAMB remit N4 billion and nonetheless wish to gather N6 billion from the federal government? Why can’t they preserve the N4 billion and make the federal government cease funding JAMB?” Faleke requested, additional arguing that such funds had been sourced from poor college students, most of whom are orphans.
He additional questioned the rationale behind JAMB’s N850 million bills on safety, cleansing, and fumigation, and one other N600 million on native travels, asking for better accountability in respect of those expenditures.
The 2 most criticised had been the N6.5 billion proposed for native coaching and N1 billion meant for a employees housing scheme. He known as on Senator Oshiomhole to present additional breakdowns for such expenditures.
Nationally, the Senate had additionally frowned upon what they described as “poor” remittances by Ministries, Departments and Companies of Authorities in 2024 with a large distinction between what was collected and the quantity remitted into the federation account.
Senator Sani Musa, Chairman of the Joint Finance Committee, cited the anomaly this has precipitated: “It erodes the capability of presidency to offer good roads, bridges, and social facilities, and equally raises suspicion of inefficiency, mismanagement, and doable leakages of revenues.
