JAMB Defends Remittance of Operating Surplus, Gives ReasonsYour support matters. Sustain independent journalism in Nigeria – contribute to Legit.ng. The Joint Admissions and Matriculation Board (JAMB) on Monday, November 8, defended the remittance of its operating surplus to the federal government accounts. The board said it will continue to remit its excesses in line with global best practices to the federal government. Guardian reports that the board in a statement signed by its head of public affairs, Fabian Benjamin, said its action to remit proportion of its operational surplus is also line with the extant government’s directive on the remittances. Recommended for you 2023 presidential election results: Labour Party releases list of Peter Obi... Benjamin also said that it is a well known fact a procedure that all unused fund by ministries departments and agencies should be retired to the federal account. Do you have a groundbreaking story you would like us to publish? Please reach us through info@corp.legit.ng! His words: He also said that it is in the overall interest of the public to identify areas of needs of the national economy that they perceive to be in most need of resources. Recommended for you Lady in tears as she bumps into mum reading her WhatsApp chat with boyfrien... He further urged the general public to be mindful of lightweights parading themselves as educational experts but are focused on disseminating falsehood all over the ecosystem. Meanwhile, Legit.ng previously reported that JAMB had remiited the sum of N3.51 billion to the national treasury as part of its 2021 operational surplus. JAMB officials said the remittance was gotten from the inclusion of international best practices and lucrative yet effective processes by the board. The Examination board also said that it would continue to cut down the cost of governance and release resources for other needy national prioritized areas. In other news, a former registrar of JAMB, Professor Adedibu Ojerinde, has been fined N100,000 as witness' expense by a Federal High Court sitting in Abuja. The former JAMB registrar was directed to make the payment by Justice Obiora Egwuatu was is presiding over an alleged N5.2 billion fraud against him. Recommended for you "Posted everything at once": Wizkid lands Lagos in style, shares pics as he... According to the ruling of the court, the money should be paid to the prosecution as witness’ expenses on or before October 11. Source: Legit.ng JAMB has reacted to the many backlash by indivudals over its recent remittance of surplus fund to the federal government account The board said its action is in line with global best practices and obtainable in the exatnt directive of the government According to JAMB, remittance of surplus fund is also for accountability and to the interest of the general public Your support matters. Sustain independent journalism in Nigeria – contribute to Legit.ng. Do you have a groundbreaking story you would like us to publish? Please reach us through info@corp.legit.ng! , Legit.ng “The board reiterates that it is not within the powers of MDAs to determine the uses for which the remitted funds are put to." “Theirs is to comply with extant directive while those given the mandate to manage the national treasury have the responsibility of appropriating and channelling such remittances.