National Assembly Clears JAMB Of Financial Allegations

National Assembly clears JAMB of financial misconduct allegations.
JAMB praised for prudent management of public funds.
Oloyede’s leadership deemed a model for public institutions.

The National Assembly Joint Committee on Finance has officially exonerated the Joint Admission and Matriculation Board (JAMB) from allegations of financial impropriety.

During an earlier budget defense session, JAMB, led by its registrar, Professor Ishaq Oloyede, was accused of spending N1.1 billion on meals and N850 million on fumigation, raising concerns about reckless expenditures.

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EKO HOT BLOG reports that Professor Oloyede attempted to address the claims during the session but was directed to return with detailed documentation of JAMB’s budgetary appropriations and expenditures for 2024 and 2025.

At the resumed hearing on Wednesday, the committee, chaired by Senator Sani Musa, released a statement clearing JAMB of any misconduct. The statement, titled Clarification on the JAMB Report on Revenue, emphasized that the previously mentioned line items did not indicate any mismanagement or misuse of funds.

The statement read: “For the purpose of clarity, the comprehensive report provided by JAMB indicates that the line items mentioned during Monday’s hearing on revenue do not suggest any mismanagement or misuse of the Board’s funds.

“On the contrary, the report highlights the responsible and prudent use of resources under the leadership of the Registrar.”

The committee praised Professor Oloyede for his exemplary financial discipline and accountability in managing JAMB’s resources, describing his leadership as a model for public institutions across Nigeria.

National Assembly JAMB

“This level of stewardship serves as a model for public institutions across the nation,” the statement concluded.

The clarification puts an end to the controversy surrounding JAMB’s finances, reaffirming the Board’s commitment to transparency and prudent management of public funds.