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The Joint Admission and Matriculation Board, JAMB, made the sum of N2,272,681,643:00 in one week of selling forms for the 2020 Unified Tertiary Matriculation Examinations, UTME, to admission seekers in the nation’s tertiary institutions.

This was contained in the weekly newsletter of the Board detailing some of its activities from January 17-23, 2020 obtained by our correspondent.

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.

The statement also showed that the Board had a total cash outflow of N113,210,135:07 during the same period.

The expenses were made up of staff claims – N9, 457,651:61, stakeholders meeting (monitoring and task teams) – N15,350,000, publicity and advertisement – N18,979,282, agency services (out-sourced security) – N5,399,000, Albencon Nig. Ltd (Kaduna PTC) – N30,833,445:45, FIRS (taxes) – N31,059,910:98 and Remita (bank charges) – N37,065.

The board’s registrar noted that the desire of the Federal Government to make the exam accessible to as many applicants as possible informed the reason for bringing down the cost lower than last year’s.


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