The National Assembly Joint Committee on Finance has absolved the Joint Admissions and Matriculation Board (JAMB) of allegations of financial mismanagement in its 2024 budget implementation.
Senator Sani Musa, Chairman of the committee, made this announcement on Thursday, January 16, following a review of documents submitted by JAMB, which dispelled accusations of reckless expenditure.
During the budget defence session with JAMB Registrar, Prof. Ishaq Oloyede, the committee raised concerns over reports that the board had spent ₦1.1 billion on meals and ₦850 million on fumigation, among other line items.
While Prof. Oloyede attempted to clarify these expenditures, the committee requested a detailed breakdown of JAMB’s budgetary appropriation and spending for 2024 and 2025.
Senator Musa clarified that a comprehensive review of JAMB’s submissions confirmed there was no evidence of mismanagement or misuse of funds.
“For the purpose of clarity, the comprehensive report provided by JAMB indicated that the line items mentioned during Monday’s hearing on revenue did not suggest any mismanagement or misuse of the board’s funds,” Musa stated.
He commended the registrar for demonstrating financial discipline and effective resource management, emphasising that such stewardship serves as a benchmark for other public institutions.
Under Prof. Oloyede’s leadership, JAMB has been recognised for its transparency and efficiency in managing its financial operations.
The committee highlighted the board’s responsible use of public funds, further endorsing its accountability practices.
The exoneration of JAMB underscores the importance of thorough scrutiny in budget implementation and reaffirms the need for public institutions to maintain financial integrity.
