The National Assembly’s Joint Committee on Finance has exonerated the Joint Admissions and Matriculation Board (JAMB) of allegations of financial impropriety previously raised against it,leadership reports.
During a budget defense session on Monday, the committee had questioned the JAMB Registrar, Professor Ishaq Oloyede, over expenditures it deemed excessive, including N1.1 billion spent on meals and N850 million on fumigation. Despite Professor Oloyede’s attempts to clarify the expenses, he was instructed to submit detailed budgetary records for 2024 and 2025 instead.
However, within 48 hours, the committee chair issued a statement retracting the allegations after reviewing additional documentation provided by JAMB.
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The statement, titled “Clarification on the JAMB Report on Revenue”, noted:
“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 chairman went on to commend Professor Oloyede, stating:
“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.”
