The Joint Admissions and Matriculation Board, under the leadership of Prof Is-haq Oloyede has remitted N3.51 billion to the national treasury as part of its 2021 operating surplus, the board announced Wednesday.
This was declared in a statement issued in Abuja by the spokesman for the Board, Dr Fabian Benjamin.
He said the remittance of the surplus was in line with Prof. Is-haq Oloyede’s commitment to be prudent in the management of public resources.
Unlike previous heads of JAMB, Oloyede blazed the trail of remitting surplus funds in 2016, when he remitted the sum of N7 billion, and has sustained that since then.
“It is pertinent to note that one of the direct benefits of the sustained remittances by the Prof. Oloyede-led management manifested in the reduction of the cost of the application documents (UTME and DE) by candidates from N5,000 to N3,500 in 2018 by President Muhammadu Buhari,” Benjamin said.
“This singular act has ensured the annual transfer of over N3 billion to the pockets of parents and guardians of candidates as a consequence of the slash in the price of UTME forms.
“The board, led by Prof. Oloyede will continue to prune down the cost of governance and release resources for other needy national prioritise areas,” he explained.
