The Joint Admissions and Matriculation Board on Sunday disclosed that it remitted N7.8 billion to Federal Government’s coffers being revenue from the 2018 Unified Tertiary Matriculation Examination (UMTE)
The Board, however, stated that out of the amount, government returned back to it N2 billion to assist in the implementation of its capital projects for which no release had been made this year so far.
The Board’s, Head of Information Department, Dr Fabian Benjamin, following the release of the N2 billion for the agency’s capital projects, the total net remittance to government accounts stood at N5.6 billion.
He said: “JAMB has returned N7.8bn to the Federal Government. By way of the law, what we returned was N7.8bn, but the government gave us over N2bn to use for capital projects. So, the balance with them is N5.6bn.
“Revenue is still coming in for the board. Every day, there are activities and transactions on our portals. So, money comes in every day. Yes, we made projections for 2018, and what we returned was part of the projections we made about our expected revenue from January to December”, the spokesman added.
On the arrangements made so far for the 2018 university admission, he hinted that the board had held a policy meeting with the higher institutions to commence the Post-UTME and the offer of admission.
Benjamin urged the tertiary institutions to refresh their pages and download the changes that candidates had made so that the candidates can be given the opportunity to do their Post-UTME tests.
He clarified: “We have made the Central Admissions Processing System better than what we had before. Institutions have started their post-UTME immediately after the policy meeting. Some schools have started offering admission to students.”