• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Reps Orders JAMB To Remit N3.6bn To Federal Gov’t Within 1 Month

by Ruth Nwokwu
11 months ago
in News
JAMB
Share on WhatsAppShare on FacebookShare on XTelegram

The House of Representatives has directed the Joint Admission and Matriculation Board (JAMB) to transfer N3.602 billion to the Federal Government’s Consolidated Revenue Fund (CRF) within 30 days.

Advertisement

This directive was issued by the Chairman of the Public Accounts Committee, Rep. Bamidele Salam during an investigative hearing in Abuja.

The order followed a demand from the Fiscal Responsibility Commission (FRC), which accused JAMB of failing to remit its full operating surplus to the federal government.

Salam clarified that the remittance is based on regulatory guidelines, stating it is not subject to personal interpretation, and insisted that JAMB must adhere to the financial laws regulating government agencies.

The central point of contention is whether JAMB should remit 25% or 50% of its revenue.

RELATED

Health Financing, Industrialisation Top Tinubu’s Agenda – Shettima

FG Unveils Platform To Connect Diaspora Experts To Higher Institutions

5 seconds ago
Power, Pretence, And Precipice: Nigeria’s Unbroken Pattern

Power, Pretence, And Precipice: Nigeria’s Unbroken Pattern

11 minutes ago

JAMB’s Director of Finance and Administration, Mufutau Bello defended the board’s actions, explaining that JAMB has consistently remitted 25% of its revenue as granted by the Accountant-General’s office.

He highlighted that JAMB reduced its registration fees from N5,000 to N3,500 in 2019 to ease the financial burden on Nigerians.

According to Bello, the FRC now expects JAMB to remit 50% of its revenue, which he claims is a deviation from the existing arrangement.

He stated that the FRC demands a 50% remittance, whereas the Accountant-General’s office permits a 25% remittance.

JAMB argued that it has consistently over-remitted according to the 25% threshold and has adhered to this practice each year.

“If judged by the 25% benchmark, JAMB has overremitted over the years,” Bello argued, adding that the current confusion stems from the FRC’s demand for a higher remittance percentage.

The representative of the FRC, Bello Aliyu explained that as of 2021, JAMB’s outstanding liabilities stood at N390.725 million.

With the submission of JAMB’s 2022 audited financial statement, the FRC calculated a new liability of N3.602 billion.

This amount, according to Aliyu, was communicated to JAMB on March 14, 2023, followed by a reminder on August 31, but no response was received.

Despite JAMB’s explanation, the Public Accounts Committee ruled that the N3.602 billion must be remitted within 30 days, and evidence of payment should be provided.

The committee emphasised the need for compliance with financial regulations.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: House of RepresentativesJoint Admissions and Matriculation Board (JAMB)
SendShareTweetShare
Previous Post

NAFDAC Recalls ‘Risky’ Dove Beauty Cream Bar Soap

Next Post

Ex-Super Eagles Star Victor Moses Joins Luton Town

Ruth Nwokwu

Ruth Nwokwu

You May Like

Health Financing, Industrialisation Top Tinubu’s Agenda – Shettima
News

FG Unveils Platform To Connect Diaspora Experts To Higher Institutions

2025/07/29
Power, Pretence, And Precipice: Nigeria’s Unbroken Pattern
Backpage

Power, Pretence, And Precipice: Nigeria’s Unbroken Pattern

2025/07/29
Tech Investor Oyekan Denies Involvement In Troubled Blockchain Firm’s Operations
Business

Tech Investor Oyekan Denies Involvement In Troubled Blockchain Firm’s Operations

2025/07/29
2027: Intrigues As El-Rufai Meets SDP, PDP, APC Leaders
News

Kaduna SDP Counters NWC, Says El-Rufai Not Expelled

2025/07/29
Arms, Hard Drugs Imported Into Nigeria Ahead Of 2023 Polls, Al-Mustapha Warns
News

2027: Al-Mustapha Wants Only Leaders With Integrity Elected

2025/07/29
FG To Boost Milk Production
Health

FG To Boost Milk Production

2025/07/29
Leadership Conference advertisement

LATEST

FG Unveils Platform To Connect Diaspora Experts To Higher Institutions

Power, Pretence, And Precipice: Nigeria’s Unbroken Pattern

Tech Investor Oyekan Denies Involvement In Troubled Blockchain Firm’s Operations

Kaduna SDP Counters NWC, Says El-Rufai Not Expelled

2027: Al-Mustapha Wants Only Leaders With Integrity Elected

FG To Boost Milk Production

Foundation Plants 3,000 Trees In Bauchi

Nigeria Deploying Technology Against Hunger – Shettima

We’re Still On Strike In YobeVarsity – ASUU

Army, DSS-backed Hybrid Forces, Kill 45 Bandits In Niger

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.