JAMB Reports Significant Cash Inflow, Deducts Operating Surplus for CRF
The financial report released by JAMB indicates a robust performance in revenue generation through its electronic facilities and PRC service charges during the specified period.
Zita Ezechi 
The Joint Admissions and Matriculation Board (JAMB) has reported substantial revenue inflow totaling 111,202,000 Naira from e-facility sales and 684,000 Naira from Professional Registration Centre (PRC) service charges for the period of June 15 to June 21, 2024. In compliance with financial regulations, JAMB has deducted 27,971,500 Naira, equivalent to 25% of the total inflow, for remittance to the Consolidated Revenue Fund (CRF) as operating surplus.
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The financial report released by JAMB indicates a robust performance in revenue generation through its electronic facilities and PRC service charges during the specified period.
The revenue from e-facilities amounted to 111,202,000 Naira, while the PRC service charge contributed an additional 684,000 Naira, bringing the total income to 111,886,000 Naira.
In accordance with the guidelines set by the Office of the Accountant-General of the Federation (OAGF), JAMB deducted 27,971,500 Naira from the total inflow. This deduction represents 25% of the total revenue collected, allocated for remittance as operating surplus to the CRF.
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The operating surplus remittance is a standard procedure aimed at ensuring fiscal responsibility and transparency in the management of government revenues. It underscores JAMB's commitment to accountability and compliance with financial regulations in its operations.
