Nigerian House of Representatives has directed the Joint Admissions and Matriculation Board (JAMB) to remit N3 billion to the Federal Government. This move comes as part of ongoing efforts to ensure fiscal responsibility and transparency within federal agencies.....CONTINUE READING THE ARTICLE FROM THE SOURCE
The decision was reached after a session where members of the House reviewed JAMB’s financial statements and operations. The committee expressed concerns over the board’s handling of its funds and its compliance with government financial regulations.
The order requires JAMB to transfer the substantial sum of N3 billion to the Federal Government’s coffers, aimed at bolstering national revenue. This amount is believed to represent surplus funds accumulated by JAMB that should be redirected to support broader government initiatives and programs.
The House of Representatives has emphasized the need for accountability and proper management of public funds. This action underscores the commitment of the legislative body to ensure that all government agencies operate within the bounds of financial regulations and contribute to the nation’s economic stability.
JAMB, responsible for conducting entrance examinations into Nigerian universities and other higher institutions, has been pivotal in shaping the educational landscape of the country. The board’s financial practices are now under scrutiny as part of a broader effort to enhance transparency and efficiency in government operations.
The directive to remit N3 billion marks a significant step in the legislative body’s oversight function, aiming to reinforce the principles of financial accountability and integrity in public sector management.
As JAMB prepares to comply with this order, the Federal Government and the public will be watching closely to see how the board addresses the financial directive and its implications for future operations.
