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Reps Orders JAMB to Remit N3bn to FG Consolidated Revenue Fund

Published

2 years ago

September 10, 2024

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…criticize board for ignoring fiscal responsibility letters

By Gloria Ikibah

The House of Representatives Public Accounts Committee (PAC) has instructed the Joint Admissions and Matriculation Board (JAMB) to remit the sum of N3,602,605,277 to the Federal Government’s Consolidated Revenue Fund (CRF) in accordance with demands made by the Fiscal Responsibility Commission (FRC).

This directive was issued during the committee’s resumed hearing on Monday, after the FRC brought JAMB before the committee over issues related to its operating surplus.

The Chairman of PAC, Rep. Bamidele Salam, addressed the matter following claims by the FRC that JAMB had failed to respond to correspondence regarding its financial obligations.

According to Mr. Bello Aliyu, representing the FRC, the agency had informed JAMB about its liabilities, which totaled N390,725,324 in 2021. After receiving JAMB’s audited financial statement for 2022, the FRC recalculated the liabilities to be N3,602,605,277 and notified JAMB of this in March 2024, with a reminder sent on 31st August 2024. Aliyu added that JAMB had not **Reps Committee Orders JAMB to Remit N3bn to FG CRF, Criticizes Board for Ignoring Fiscal Responsibility Letters**

The House of Representatives Public Accounts Committee (PAC) has instructed the Joint Admissions and Matriculation Board (JAMB) to remit N3,602,605,277 to the Federal Government’s Consolidated Revenue Fund (CRF) in accordance with demands made by the Fiscal Responsibility Commission (FRC). This directive was issued during the committee’s opening hearing on Monday, after the FRC brought JAMB before the committee over issues related to its operating surplus.

The PAC, chaired by Rep. Bamidele Salam, addressed the matter following claims by the FRC that JAMB had failed to respond to correspondence regarding its financial obligations.

Aliyu stated that JAMB had not responded to any of these letters.

In response to these allegations, JAMB’s Director of Finance and Administration, Mufutau Bello, explained that the difference in figures stemmed from the FRC’s attempt to increase JAMB’s remittance rate from 25% to 50%.

Bello noted that, since 2019, JAMB had reduced its registration fee from N5,000 to N3,500 to benefit Nigerians. He emphasized that JAMB has consistently adhered to the 25% remittance rate and has not increased any fees in the last eight years.

According to the DFA, the Accountant General had approved this 25% rate, which JAMB has followed, but the FRC now insists on 50%.

In his remarks, the PAC Chairman emphasized that remittance rules are determined by law and not subject to personal interpretation.

He questioned how the discrepancy between the 25% and 50% remittance arose and what the law specifically dictates regarding JAMB’s obligations.

In response, the FRC representative clarified that, under the Fiscal Responsibility Act, all listed agencies are required to remit 80% of their operating surplus. However, the 2021 Finance Act categorized agencies as fully funded, partially funded, or self-funded. JAMB falls under the partially funded category, meaning it can only use 50% of its internally generated revenue (IGR) for its operations and must remit the remaining 50% to the government’s sub-recurrent account.

At the end of the year, a reconciliation determines whether the actual liability should be 80% or 20%, with the higher amount becoming the agency’s final obligation. Based on this rule, the FRC computed JAMB’s liability at 50% of its gross revenue”, he explained.

The committee expressed frustration over JAMB’s failure to respond to the FRC’s letters and unanimously ordered the board to remit the N3,602,605,277 to the CRF within 30 days, providing evidence of the payment.

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NNPC slashes petrol price twice within four days

Published

5 hours ago

June 27, 2026

Austin Ojomah

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The Nigerian National Petroleum Company Limited, NNPCL, has slashed its fuel pump price for the second time within four days.

A market survey on Saturday by DAILY POST showed that NNPCL retail outlets around Airport Junction and Wuse Zone 6 (Berger) in Abuja have reduced their petrol price to N1210 per litre, down from N1260.

This means that the state-owned oil firm slashed the petrol price by N50 per litre.

This comes barely two days after Dangote Refinery reduced its petrol gantry price by N50 to N1,125 per litre.

Recall that four days ago, NNPCL had adjusted its fuel price pump by N75 per litre to N1260.

With the latest drop by NNPCL retail outlets, petrol prices stand between N1210 per litre and N1305 per litre in Abuja and its environs.

The reduction in domestic fuel comes amid falling crude oil prices, which stand at $69 per barrel and $71 per barrel for West Texas Intermediate and Brent crude, respectively, following the easing of the conflict in the Middle East.

Recall that President Bola Tinubu has kept mum amid the clamour by Nigerians for a commensurate drop in domestic fuel pump prices due to the significant reduction in crude oil prices.

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Lokoja Court order: INEC speaks on NDC, says it’s yet to receive CTC

Published

5 hours ago

June 27, 2026

Austin Ojomah

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The Independent National Electoral Commission, INEC, has said it is yet to receive the Certified True Copy, CTC, of the Federal High Court judgment that set aside an earlier order directing it to register the Nigeria Democratic Congress, NDC, as a political party.

INEC revealed this in a statement issued on Saturday by its Chief Press Secretary and Media Adviser to the Chairman, Adedayo Oketola.

According to the commission, although it is aware of media reports on the judgment delivered by the Federal High Court sitting in Lokoja on June 26, it cannot comment on the ruling until it obtains and reviews the certified copy.

The Independent National Electoral Commission, INEC, is aware of reports circulating in the media regarding the judgment delivered on Friday, June 26, 2026, by the Federal High Court sitting in Lokoja, which set aside an earlier order concerning the registration of the Nigeria Democratic Congress.

“However, as of this moment, the Commission has not yet received the Certified True Copy, CTC, of the court’s order,” the statement said.

INEC stated that its legal department would study the judgment upon receipt of the CTC before advising the commission on the next course of action.

“Once the Commission’s legal department receives and thoroughly studies the CTC of the judgment, INEC will take an informed, lawful decision in line with the court’s directives.

“Until then, we cannot comment on the specifics of the ruling, and the public is urged to await the Commission’s formal position on the matter,” Oketola added.

Justice Isah Dashen of the Federal High Court in Lokoja had on Friday set aside the court’s December 10, 2025, judgment directing INEC to register the NDC as a political party.

The court held that the rights of the Peace Movement Party were affected by the earlier judgment because it was not joined in the suit despite claiming ownership of the logo relied upon in securing the registration order.

Justice Dashen consequently ordered that all parties be restored to the positions they occupied before the December 2025 judgment and directed that the substantive suit be heard afresh with all necessary parties joined.

The NDC has rejected the ruling and announced plans to appeal the decision. Its National Chairman, Senator Moses Cleopas, maintained that the party had not been deregistered and argued that the trial court lacked jurisdiction to revisit a matter on which it had already delivered a final judgment.

The ruling has also attracted reactions from opposition figures, including the NDC’s presidential candidate, Peter Obi, the party’s National Leader, Senator Henry Dickson, and other stakeholders, who described the decision as a threat to Nigeria’s multiparty democracy and vowed to challenge it through all available legal channels.

INEC, however, maintained that it would reserve its position on the judgment until it receives and reviews the Certified True Copy.

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Just in: Police rescue five abductees in Ogun

Published

5 hours ago

June 27, 2026

Austin Ojomah

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A joint police operation rescued five victims abducted near Ogbere Forest in Ogun state on Wednesday.

They were rescued within 25 hours by the Lagos and Ogun Police Commands, which were part of a joint operation codenamed KOSAYE, meaning “No Space” in Yoruba.

The woman was among the victims who were shot in the incident. Her daughter and sister were among those rescued by the police on Thursday.