Tue Sep 10 00:22:00 UTC 2024: ## JAMB Ordered to Remit N3.6 Billion to Federal Government

**Abuja, Nigeria** – The House of Representatives has ordered the Joint Admission and Matriculation Board (JAMB) to pay N3.602 billion to the Federal Government Consolidated Revenue Fund (CRF). This follows an investigation by the Public Accounts Committee (PAC) into unremitted operating surplus.

The Fiscal Responsibility Commission (FRC) had previously brought the matter to the committee’s attention, stating that as of 2022, JAMB owed the government N3.602 billion. JAMB maintained that they were operating under a concession granted by the Office of the Accountant-General allowing them to remit 25% of their revenue, arguing that they had over-remitted over the years.

However, the PAC rejected JAMB’s argument, stating that the remittance was a legal obligation and not subject to personal interpretation. They unanimously voted to order JAMB to pay the sum to the FRC within 30 days and provide proof of payment.

JAMB’s Director of Finance and Administration, Mr. Mufutau Bello, maintained that the board had reduced its registration fees from N5,000 to N3,500 in 2019, demonstrating their commitment to revenue remittance and benefiting Nigerians. He emphasized that JAMB has not increased its charges in the last 8 years.

The PAC’s decision highlights the importance of financial transparency and accountability among government agencies. This case underscores the need for clear regulations and procedures regarding revenue remittance to ensure public funds are used effectively and efficiently.

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