The Joint Admission and Matriculation Board (JAMB) is purposed to build its new ultra modern headquarters at the Central District of Abuja, the Federal Capital Territory.
Mufutau Bello, the Director, Finance and Administration, who represented JAMB at the ongoing investigative hearing with the Federal House of Representatives Committee on Public Accounts on revenue generation by the Ministries, Departments and Agencies, MDAs of government made this known on Thursday, February 4.
Bello stated at the hearing that the JAMB has been saving N2billion every year starting from 2018 to help realize the project.
He noted that at the moment, the board has gotten N5.5billion to execute the project. It is on record that board is currently at the Bawari Area Council of Abuja.
“We are proposing to move our central headquarters to the central area of Abuja. We have a plan of over N6billion, but since we do not collect subvention from the government for our overhead and capital, so every year from 2018, we have been setting aside N2billion because our target is N6billion to be able to acquire our headquarters in the central area.
“The money is in our ‘TSA’, we had a challenge in 2020 because of Covid-19 pandemic, so we could not realize our budget. So far we have realized about N5.5billion”, Bello said. Oluwole Oke, the Chairman of the Committee, lauded the efforts and vision of JAMB, but counseled the board to invest the money.
“You cannot keep such money idling in an account. That is poor treasury management”, Oke said.