The National Assembly through its joint Committee on Finance has cleared the Joint Admissions and Matriculation Board, JAMB, of financial impropriety, backing down on its earlier accusations against the organization.
The committee had on Monday during budget defence session by the Registrar of JAMB, Professor Ishaq Oloyede, alleged that the examination body spent N1.1billion on meal, N850million for fumigation, which according to it, were outrageous.
The JAMB Registrar made spirited effort to explain how the alleged expenditures were made but was prevented from doing so and asked to furnish the committee with details of its budgetary appropriation and spendings in 2024 and 2025.
But 48 hours after, the chairman of the joint committee in a personally signed statement, said Oloyede and JAMB, were wrongly accused of reckless spendings based on latest documents submitted to the committee by JAMB.
The statement titled: “Clarification on the JAMB Report on Revenue”, reads, “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 Registrar Professor Is-haq Oloyede, deserves commendation for demonstrating financial discipline and accountability in managing the Board’s resources effectively.
“This level of stewardship serves as a model for public institutions across the nation.”