Financial Infractions: Reps Place JAMB On Status Enquiry

The House of Representatives, yesterday, placed the Joint Admission and Matriculation Board (JAMB) on full financial status enquiry from 2011 to 2015.
The House also threatened to deduct from source billions of Naira from the allocations of the board in the case of non remittances in the period under review.
Similarly, the Parliament also asked management of Mobile Telecommunications Network (MTN), to furnish it with all evidences of tax remittances to government from 2011 to 2015.
The House Committee on Finance made the demands through its chairman, Hon. James Faleke (APC, Lagos) at a session to scrutinize the tax remittances of the bodies to government accounts.
Addressing Muftahu Bello, who represented the JAMB Registrar, Prof Ishaq Oloyede, Falake said that the examination body did not make proper remittances of its profit to government from 2011 to 2015.
According to him, the records before the committee showed that, JAMB has failed to remit their profits within the period, claiming it ran at a loss.
Asking the JAMB official how the organisation got money to run its operations in the year 2015, Bello disclosed that, when the present JAMB management came on board, they started remitting funds without defaulting.
According to him, they even overpaid the amount due in 2017 by over a billion Naira.
But the committee eventually placed the body on status enquiry to determine the whereabouts of the profits.