The Joint Admissions and Matriculation Board (JAMB) says it has remitted another N7.8 billion to the Federal Government.
The amount was the surplus generated from the conduct of the 2018 Unified Tertiary Matriculation Examination (UTME).
The board’s Head, Media and Information, Dr Fabian Benjamin, made this known to the News Agency of Nigeria (NAN) on Sunday in Lagos.
According to him, the board has planned to remit the amount as surplus to the Federal Government as was done in 2017.
“However, government in its magnanimity, graciously directed that we remit about N5.6 billion and use the balance for restructuring of the board’s headquarters to meet up with its international status.
“We, therefore, want to appreciate the governing board of JAMB led by Dr Emmanuel Ndukwe for the tremendous support in ensuring that the current administration’s vision of transparency and accountability as fully embraced by JAMB is sustained.
“The Ndukwe-led board had, within its short period of inauguration, contributed immensely in some ground breaking innovations.
“One of such innovations is the quick remittance of the 2018 surplus. Whatever candidates pay for JAMB’s examination is a trust and must be accounted for.
“The board, though not a revenue generating agency, will continue to be judicious with resources at its disposal,” he said.
Benjamin said that cumulatively and technically, the board had remitted a total of N15.6 billion in less than two years.