JAMB generated N12 billion in 2017 -Oloyede

The Joint Admissions and Matriculation Board, JAMB says it generated N12 billion as income in 2017.The registrar of the board, Ishaq Oloyede, said this at a press conference in Ilorin on Monday.

The registrar said the board remitted N7.8 billion to the Federal Government after deducting its expenses.

According to a report from The Punch, Mr. Oloyede said JAMB was able to remit the huge amount of money to the Federal Government because it blocked loopholes and checked wastage

He said although JAMB is not a revenue-generating agency, it is also not a money-wasting establishment.

Mr. Oloyede said 1.7 million candidates sat for the last UTME, in addition to over 200,000 direct candidates, noting that the board expects two million candidates to sit for its 2018 examination.

“The board had also devised means to check unscrupulous activities of candidates who do multiple registrations by deliberately writing their names wrongly with the intention to claim the result of the one with the highest score and thereafter demand correction of the name claiming that the fault is not theirs,” he said.

The board also said its findings showed that about 80 per cent of first class graduates of Nigerian universities scored below 200 in the UTME they sat for while applying for admission.

Mr. Oloyede said most of the first-class graduates from the nation’s universities were not exceptional but merely scored average marks in their Unified Tertiary Matriculation Examination.