UTME: JAMB breaks another record, makes N2.27bn in one week
- JAMB has broken another record in Nigeria
- The exam body raked in N2.27bn from the selling of 2020 UMTE to the admission seekers in the nation’s tertiary institutions
- According to the report, the money was made from the sales of e-registration pin – N2,122,400,000:00, e-facility sales – N128,816,602:00 and others
Another record has been set by the Joint Admission and Matriculation Board (JAMB) less than one month of announcing the sale of 2020 Unified Tertiary Matriculation Examinations (UTME) forms.
Vanguard reports that the examination body made the sum of N2,272,681,643:00 in one week of selling forms to admission seekers in the nation’s tertiary institutions.
Legit.ng gathered that this was contained in the weekly newsletter of the board detailing some of its activities from January 17-23, 2020, obtained by the medium.
The report said that under the column financial inflow, the money was made from the sales of e-registration pin – N2,122,400,000:00, e-facility sales – N128,816,602,00 and CBT centre service charges – N21,465,041,00.
Source: Depositphotos
It would be recalled that JAMB has been remitting a huge amount of money to the federation accounts since the former vice chancellor of the University of Ilorin, Prof Ishaq Oloyede, became the registrar of the exam body.
In his first year as the JAMB registrar, Oloyede remitted over N7 billion naira to the federation account, a feat that was never achieved since the board was established in 1978.
Most Nigerians commended Oloyede for the achievement and the way he restructured the board, bringing sanity and putting the staff on their toes.
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Meanwhile, Legit.ng had previously reported that not less than 700,000 candidates registered for the 2020 UTME.
It was reported that the disclosure was made by the national spokesman of JAMB, Fabian Benjamin, on Sunday, January 26.
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