JAMB to Remit N3.6 Billiom to FG’s to Consolidated Revenue Funds – Reps Orders

The House of Representatives Public Accounts Committee has ordered JAMB to remit N3,602,605,277 to the federal government Consolidated Revenue Fund (CRF).

The Committee, chaired by Rep. Bamidele Salam, gave the order during its opening hearing on Monday.

The Fiscal Responsibility Commission had dragged JAMB before the Committee over its operating surplus.

The representative of the Fiscal Responsibility Commission, Mr. Bello Aliyu, stated that JAMB’s liabilities as at 2022 are N3,602,605,277.

He explained that the Commission had notified JAMB via letters written on March 14, 2024, and August 31, 2024, but received no response.

The Director of Finance and Administration, JAMB, Mr. Mufutau Bello, reacted to the allegation, stating that the difference in remittances figure is due to the FRC wanting to move JAMB to 50% of revenue.

He explained that JAMB has been remitting 25% of its revenue annually and has not increased any of its charges in the last eight years.

The Committee Chairman, Rep. Bamidele Salam, stated that remittances are not subject to personal interpretation but are a matter of law or regulation.

The Fiscal Responsibility Commission representative explained that the Commission’s power comes from the Fiscal Responsibility Act, which requires all scheduled agencies to remit 80% of their operating surplus.

The Committee slammed JAMB for ignoring the Fiscal Responsibility Commission’s letters and unanimously ordered JAMB to pay the sum of N3,602,605,277 to the federal government Consolidated Revenue Fund (CRF) within 30 days. ‎