The Joint Admissions and Matriculation Board (JAMB) has vowed to continue its practice of remitting its operating surpluses to government, saying that the remittances were in line with global best practice, Dr Fabian Benjamin, Head, Public Affairs of JAMB has said.
In a statement to newsmen in Abuja, on Monday, Benjamin said that the board would continue its practice of remitting the constitutionally-mandated proportion of its operational surpluses, in line with extant government’s directive on the remittances.
According to him, it is a known fact that all unutilised funds by Ministries, Departments and Agencies (MDAs) should be returned to the public treasury.
He said that the board and public-spirited Nigerians were, therefore, at a loss as to the reasons for the various campaigns of calumny mounted by some individuals who feel that these remittances should not be made.
“The board reiterates that it is not within the powers of MDAs to determine the uses for which the remitted funds are put to.
“Theirs is to comply with extant directive while those given the mandate to manage the national treasury have the responsibility of appropriating and channelling such remittances.
“ This is in the overall interest of the public, to identify areas of need or rather whichever area of the national economy that they perceive to be in most need of resources,” he said.
He added: “ It would be recalled that the humongous remittances are the first in the history of the four-decade-old agency.
“The first landmark remittance was made in 2017 and the feat was repeated in subsequent years, in line with its belief that rules are made to be obeyed and, at any rate, the Board does not believe it should hold onto money that does not belong to it.
“It might interest these armchair critics that a direct fallout of the remittances was the decision of the Federal Government to reduce the cost of the purchase of the e-pin from N5,000 to N3,500, the cheapest globally.