The National Assembly Joint Committee on Finance has absolved the Joint Admission and Matriculation Board (JAMB) of allegations of financial impropriety, following a thorough review of its financial records.
During a previous budget defence session, JAMB was accused of spending N1.1 billion on meals and N850 million on fumigation, among other claims. At the time, Professor Ishaq Oloyede, JAMB’s Registrar, was directed to return with detailed financial documents for 2024 and 2025 to address the allegations.
At a resumed hearing on Wednesday, the committee reviewed JAMB’s submissions and issued a statement clarifying the situation. The statement read:
“For clarity, the comprehensive report submitted by JAMB shows that the line items previously mentioned during Monday’s revenue hearing do not indicate any financial mismanagement. Instead, the report highlights the responsible and prudent use of funds under the leadership of the Registrar.”
The committee commended Professor Oloyede for his financial discipline and effective management of the board’s resources, describing his leadership as a benchmark for other public institutions.
This resolution reaffirms JAMB’s commitment to transparency and accountability in managing its affairs.
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